Market News

A risk retention group (RRG) can be an option for insurance buyers facing common challenges in the traditional liability insurance market. An RRG can offer premium savings, options for obtaining difficult-to-get coverages or limits, and incentives for reducing claims activity. Read More

Specialty property-casualty insurance provider Skyward Specialty Insurance Group, Inc., and eMaxx, a tech-enabled specialty provider of commercial property-casualty insurance captive solutions and programs, have expanded their captives' partnership. Skyward Specialty will provide strategic support and additional capacity for eMaxx's variable alternative energy warranty products captive solutions. Read More

A.M. Best has assigned an A- (Excellent) rating to Indigo Risk Retention Group, Inc. (Indigo RRG), a new insurance company sponsored by Concert Insurance Group. Concert said the new risk retention group (RRG) will leverage data-driven expertise to underwrite policies for non-hospital-based physicians. Read More

Strong demand and a continued favorable pricing environment are expected to produce a second consecutive year of direct underwriting profit for the US excess and surplus (E&S) insurance market, according to Fitch Ratings. The rating agency reported that nearly all E&S lines are reporting double-digit growth in direct written premiums. Read More

Property-casualty insurers reported strong results during this year's second quarter as they benefited from continued growth in net written premiums and investment income, according to the latest quarterly "Lockton Market Update." Meanwhile, a resilient US economy has made the property-casualty insurance market relatively predictable for buyers across most lines. Read More