Market News

Rating Agency Sees Profitable 2022 for US Property-Casualty Segment

December 14, 2021

US property-casualty insurance companies are poised to generate statutory underwriting profits and steady earnings in 2022, despite the impact of inflation and a likely reduction in investment gains, according to Fitch Ratings. The rating agency indicated it holds a neutral fundamental outlook for the sector. Read More

Risk Retention Groups Report Strong Third-Quarter Financial Results

December 13, 2021

Risk retention groups (RRGs) are reporting excellent financial results for the third quarter of 2021, according to a new report. The report by Demotech, Inc., found that from third quarter of 2020 to third quarter of 2021, RRGs' cash and invested assets increased 13.3 percent. Read More

Best Revises US Commercial Lines Property and Casualty Outlook to Stable

December 10, 2021

A.M. Best has revised its outlook for the US commercial lines property and casualty insurance segment to stable from negative. The rating agency cited the relatively modest negative impact of the COVID-19 pandemic, continued strong pricing momentum across the segment, and favorable rulings thus far on many business interruption coverage disputes. Read More

Survey Finds Premium Increases Dipping Slightly in Third Quarter

December 10, 2021

Aggregate commercial insurance prices increased 7 percent during this year's third quarter following increases of just less than 8 percent during the first two quarters of 2021, according to Willis Towers Watson's latest Commercial Lines Insurance Pricing Survey. Read More

Rate Increases To Continue Across Several Reinsurance Lines in 2022

December 9, 2021

Reinsurance rates for catastrophe-related lines of business are expected to increase by more than 10 percent at January renewals, according to Fitch Ratings. Fitch said it also expects lines including cyber risk and directors and officers liability reinsurance coverage to experience double-digit rate increases in 2022. Read More