Market News
US P&C Underwriting Income Surges to $60.9 Billion in 2025
US property-casualty (P&C) insurers reported a $60.9 billion underwriting gain in 2025, nearly triple 2024 results, driven by premium growth, improved combined ratios, and lower catastrophe losses. Higher investment income boosted operating results, though net income declined due to reduced capital gains. Policyholder surplus rose 11.4 percent to $1.19 trillion. Learn More
Report Highlights Talent Shifts Reshaping Insurance Workforce
Aon's report examines how automation, climate risk, and competition for specialized skills are transforming insurance workforce strategies. It highlights the need for digital fluency, hybrid roles, and stronger alignment between talent and business goals. Insurers must invest in reskilling and modernize employee value propositions to remain competitive. Learn More
Cat Bond Market Expands as Growth Moderates in 2026
The insurance-linked securities market is projected to grow in 2026, though at a slower pace as investors adjust to softer conditions. Record capacity, rising catastrophe (cat) risks, and increased reinsurance demand are driving activity, while diversification across perils and regions and evolving investment strategies continue to shape market expansion and resilience. Read More
AM Best: US P&C Upgrades Outpace Downgrades in 2025
AM Best reported that US property and casualty (P&C) insurers saw rating upgrades exceed downgrades in 2025, driven by strong commercial lines performance. Despite ongoing pressures from inflation, catastrophe losses, and rising reinsurance costs, most rating actions were affirmations, reflecting overall industry stability and improved operating results. Read More
Tennessee Reports 6th Year of Captive Insurance Growth
Tennessee reported a 6th consecutive year of captive insurance growth in 2025, adding new captives and cells while increasing premiums and risk-bearing entities. State officials credited regulatory strength and customer-focused oversight for the expansion, positioning Tennessee as a leading domicile for businesses seeking alternative risk financing solutions across industry sectors. Read More
Captive Insurance and Cyber Risk: Delaware's Approach
Delaware's captive insurance program is enabling organizations to address evolving cyber risks through flexible structures such as series captives. As commercial coverage remains costly and constrained, captives provide greater control over pricing, coverage, and risk management, while supporting emerging exposures, including systemic cyber events, artificial intelligence risks, and operational technology vulnerabilities. Read More
Milford Street Captive Highlights Litigation Strain in NYC Housing
Milford Street Captive Insurance Company released data showing affordable housing in New York City (NYC) faces disproportionately high litigation, driving significant insurance costs. The findings highlight how increased claims activity and limited insurer capacity are straining the market and reinforcing the role of captive insurance in stabilizing coverage for housing providers. Read More