Market News

Verisk's first-quarter 2025 Property Report highlights a decline in claims volume alongside a sharp rise in replacement costs, primarily from California wildfires. Reconstruction, labor, and material costs increased across North America. The report also notes impacts from tariffs, immigration policies, and weakening builder confidence heading into the remainder of 2025. Read More

Gallagher Re's "1st View: Challenging the Status Quo" highlights a more competitive reinsurance market at the July 2025 renewal. Buyers saw property rate reductions and stable casualty pricing, with reinsurers in strong financial shape and seeking to deploy capital while maintaining discipline across segments and geographies. Read More

The US property-casualty industry reported a $22 billion underwriting gain in 2024, reversing the prior year's loss. While personal auto drove much of the turnaround, commercial lines—including property, workers compensation, and liability—also performed well, according to AM Best's latest report on the sector's financial results. Read More

The International Association of Insurance Supervisors (IAIS) Global Insurance Market Report 2025 Mid-Year Update highlights stable solvency, liquidity, and profitability in the insurance sector. The report focuses on emerging risks such as geoeconomic fragmentation, private credit investments, artificial intelligence adoption, cyber threats, and climate-related risks ahead of a detailed year-end analysis. Read More

Guy Carpenter reported that reinsurer returns and strong capital growth continue to support market stability. Despite $70 billion in insured losses, including major wildfire claims, capacity exceeded demand. Property and casualty reinsurance pricing trends varied, with catastrophe bonds and advanced analytics helping to promote consistency across the sector. Read More