Market News
Latin American Reinsurers See New Opportunities, Ample Capital
Global reinsurers' limited appetite for business in Latin America has created opportunities for domestic and regional reinsurers in the region, according to A.M. Best. At the same time, over the past 4 years the minimal number of severe catastrophe events in the region have not produced major insured losses. Read More
Current Interest Rate Environment Bodes Well for Non-Life Insurers
While insurers worldwide failed to earn their cost of equity capital in the low-interest-rate environment following the global financial crisis, the current higher-interest-rate environment is changing those dynamics, according to a new sigma report from Swiss Re. Read More
Hard Commercial Market Conditions Continue Driving Captive Formations
With hard market conditions continuing in the traditional insurance market, captive domicile regulators say new captive insurance company formations remain at a high level. As businesses look to captives to meet their coverage needs, new captives are forming and owners of existing captives are putting additional risks in the vehicles. Read More
Lloyd's Market Experiences Measurable Performance Improvements
The Lloyd's market is experiencing marked improvements in its underlying performance while it continues to outperform the US and Bermudian reinsurance market and the four major European reinsurers in terms of loss experience, according to A.M. Best. Read More
Innovation Spurred by Pandemic Persists Among Insurers, Reinsurers
The COVID-19 pandemic not only changed the way we live and work, it forced insurers and reinsurers to change many of the ways they do business, creating new incentives and rewards for innovation, according to A.M. Best. Insurers and reinsurers continue to pursue opportunities in digitization and product innovation. Read More