Market News

Strategic Risk Solutions Adds Second Luxembourg Office

May 6, 2022

Independent insurance company manager Strategic Risk Solutions (SRS) is continuing its expansion in Europe with the opening of a second Luxembourg office. SRS has a 5-year strategy plan to expand in Europe, and the appointment of key executives over the past 2 years and opening the additional office in Luxembourg are part of that plan. Read More

Insurers' Reserve Strength Offsets Near-Term Inflation Concerns

May 5, 2022

US property-casualty insurers' loss reserves mitigate near-term inflation concerns, though prolonged inflation could significantly increase the risks of significant pricing errors and reserve deficiencies, according to Fitch Ratings. The rating agency said the US property-casualty industry's statutory loss reserves remained adequate at the end of 2021. Read More

Insurance Prices Increased for 18th Consecutive Quarter in Q1

May 4, 2022

The rate of commercial insurance price increases declined for the 5th consecutive quarter during the first 3 months of 2022, though the quarter also was the 18th consecutive one of composite price increases, according to a new report from Marsh. Read More

Captives Prove Their Value during Trying Times

May 2, 2022

Captive insurance can help businesses address many of the challenges they've faced over the past 2 years with the pandemic and a hard insurance market. Many smart business owners have set up captives to efficiently transfer the risks they have retained as an effective complement to their standard insurance program. Read More

A.M. Best Maintains Stable Outlook on London Market Insurance Segment

May 2, 2022

A.M. Best said it is maintaining its stable outlook on the London market insurance segment, citing such factors as continuing upward premium rate momentum, which Best expects to support better underlying performance, and reduced uncertainty around COVID-19 losses. Best also noted the London market's focus on modernization. Read More