Market News

US property-casualty insurers reported $11.5 billion in underwriting gains for the first half of 2025. Despite wildfire-driven losses in the first quarter, improved rates and stable second quarter results led to a better combined ratio. Surplus remains high, though inflation, weather volatility, and ongoing risk trends continue to pressure long-term profitability. Read More

The Tennessee Department of Commerce and Insurance reported continued growth in its captive insurance market, licensing 12 new captives and 95 new cells in 2024. Commissioner Carter Lawrence highlighted state support, while leadership promotions and the addition of analyst Jarail Butler strengthen the team's ability to foster innovation and industry expansion. Read More

Capital modeling helps captive insurance companies better quantify risk, uncover diversification benefits, and align investment strategy with enterprise risk. This guide from Oliver Wyman illustrates how captives can use capital modeling to strengthen financial resilience, lower the cost of risk, and enhance long-term returns on capital. Read More

Aon and Moody's project up to $5 billion in annual growth for casualty reinsurance, driven by emerging risks like per- and polyfluoroalkyl substances, litigation trends, and environmental, social, and governance pressures. Their joint report highlights the role of named peril solutions and advanced analytics in helping insurers manage evolving exposures and capitalize on expanding market opportunities. Read More

Swiss Re's sigma report finds the global property-casualty (P&C) market has doubled to $2.4 trillion. Captive insurance now represents $60 billion to $80 billion in premiums, supporting self-insurance and access to reinsurance. Efficiency gains, alternative risk solutions, and expanded reinsurance capacity are helping sustain coverage amid rising global risks. Read More