Market News
Pricing, Risk Conditions Prompt Best to Revise London Market Outlook
AM Best is revising its outlook for the London market insurance segment to stable from positive, citing market softening and exposure challenges. Best cited the combination of a softening pricing environment and certain exposure management challenges facing London market insurers. Read More
Cyber-Insurance Market Analysis Sees Both Opportunities and Challenges
The global cyber-insurance market is on track to reach $16.3 billion in 2025, up from $15.3 billion in 2024, according to a new report from Munich Re. The report said that the cyber-insurance market has proven itself capable and efficient in protecting insured critical digital assets. Read More
Global Reinsurance Dedicated Capital Climbed to $769 Billion in 2024
Global reinsurance dedicated capital reached $769 billion in 2024, a 5.4 percent increase from the 2023 level, according to Gallagher Re. Reinsurers' return on equity remained strong in 2024 at 17 percent, according to Gallagher Re, though that was down slightly from 19.5 percent in 2023. Read More
FERMA Initiative Aims to Elevate Enterprise Risk Management Maturity
The Federation of European Risk Management Associations (FERMA) has issued a consultation paper as part of the organization's effort to elevate the maturity of the enterprise risk management (ERM) function within organizations. The ERM discipline remains underused and undervalued in some organizations, a FERMA statement said. Read More
Latest Lloyd's Lab InsurTech Cohort Includes Bermuda Reinsurance Focus
Lloyd's has announced the 11 InsurTech firms that will make up the 14th cohort of the market's Lloyd's Lab innovation hub. The 14th cohort will introduce the theme "Shaping the Future of Reinsurance in Bermuda." It was developed in partnership with the Bermuda Monetary Authority. Read More