Market News

The US directors and officers (D&O) insurance sector remains profitable despite an 8 percent drop in premiums and increased competition. Stable loss ratios and past price hikes help offset declining prices, but future profitability may be challenged by potential increases in litigation and claims from emerging risks like cyber threats and climate change. Read More

In 2024, commercial insurance rates remain stable, with small adjustments across most lines. Increased competition in reinsurance and retail sectors drives this balance, except for umbrella and excess liability. Notable trends include capacity challenges in first-party business and softening conditions in financial lines, particularly in cyber insurance. Read More

The US property and casualty industry posted a $3.8 billion underwriting gain in the first half of 2024, driven by improved personal lines results and increased investment income. Strong capital gains helped boost the industry's net income to $97.6 billion, reflecting a significant financial recovery from 2023's losses. Read More

To fully benefit from group captive insurance, companies should control risk, engage with fellow members, and participate in the claims process. These steps improve safety practices, reduce claims costs, and enhance insurance outcomes. Find out more from Captive Resources about maximizing your group captive experience. Read More

US surplus lines premiums reached $115.6 billion in 2023, a 17.4 percent increase over the previous year. Growth was driven by climate risks, rising commercial lines prices, and new distribution partnerships. Lloyd's market saw the largest increase, while domestic surplus lines insurers improved their combined ratio to 90.0. Read More