Market News

Uncertainty Aside, Global Reinsurance Sector's Outlook Remains Stable

December 5, 2022

Despite uncertain market conditions and such negative factors as rising natural catastrophe losses and ongoing inflation, A.M. Best has maintained its stable outlook for the global reinsurance sector. The positive factors reinsurers are experiencing are ultimately offset by negative ones, Best said. Read More

US Property-Casualty Reinsurer Premium Growth Continued through Q3

December 5, 2022

A group of 17 US property-casualty reinsurers wrote $64.0 billion of net premiums during the first 3 quarters of 2022, up from $57.3 billion over the same period last year, according to the Reinsurance Association of America (RAA). The RAA data is based on the reinsurers' statutory underwriting results. Read More

BMA Report Highlights Bermuda Captives' Relevance, Stability

November 30, 2022

A recently released report from the Bermuda Monetary Authority (BMA) underscores the continued relevance and stability of Bermuda's captive market as it addresses uncertainty associated with such events as the COVID-19 pandemic. The BMA report is based on 2020 year-end statutory financial returns submitted by Bermuda general business captive insurers. Read More

Collaboration Aims To Provide Digital Commercial Insurance Platform

November 30, 2022

Willis Towers Watson (WTW) and insurers Liberty Specialty Markets (LSM) and Markel are collaborating on the pilot phase of a digital commercial insurance platform. Using globally recognized data standards, the new platform is designed to enable multiple insurers and brokers to trade complex specialty risks in real time. Read More

Major European Reinsurers Saw Earnings Decline through 3rd Quarter

November 29, 2022

The earnings of four major European reinsurers fell through the first three quarters of 2022 compared to the same period last year due to higher catastrophe losses, weaker investment returns, and reserve strengthening, according to Fitch Ratings. Fitch has maintained its "neutral" fundamental sector outlook for global reinsurance. Read More