Market News

Despite property and casualty (P&C) premium growth and resilient underwriting, a group of major global reinsurers saw net income and total capital fall in 2022, largely as a result of investment market downturns. In the "Aon’s Reinsurance Aggregate" report for 2022, Aon noted that the group's P&C premiums increased by 9 percent last year. Read More

The Vermont Captive Insurance Association (VCIA) had 404 member companies in 2022, of which more than 67 percent are captive insurance owners, according to the VCIA's "2022 Impact Report." VCIA members came from 41 states, according to the report, with the association's membership growing by 7 percent last year. Read More

The US property-casualty insurance industry should return to profitability this year and next after industry return on equity fell in 2022 due to the combination of high inflation and payouts from an active catastrophe year, according to Swiss Re. Read More

While cyber-insurance premiums and cyber-insurance demand are growing, a recent report notes that questions remain about the extent of some cyber risks, the growth of a cyber-protection gap, and insurers' own cyber-risk management efforts. The International Association of Insurance Supervisors report assesses the cyber-insurance market. Read More

Vermont, the largest captive insurance domicile in the United States and the world’s third largest, licensed 12 captive insurance companies during the first 3 months of 2023, according to statistics recently released by the Vermont Department of Financial Regulation. Read More