Market News
Q1 2024 Natural Catastrophe Losses Manageable for Governments and Insurers
Gallagher Re's Q1 2024 report reveals $43B in economic losses, 17 percent below the 10-year average, with a focus on transitioning El Niño conditions impacting future weather. Read More
Cyber Insurance Poised for Global Expansion, Driven by Innovation
Howden's latest report indicates a stabilizing cyber insurance market, with growth fueled outside of the United States and for small to medium-sized enterprises. Innovation and robust capital inflows are essential factors. Read More
Reinsurers See Record Returns, but New Reinsurer Formations Lag
Despite record returns, new reinsurer formations remain scarce, per A.M. Best. Hard market conditions and investor hesitancy contribute to the stagnation. Read More
Swiss Re Predicts Robust Economic Growth To Fuel Insurance Sector
Swiss Re Institute predicts resilient economic growth, with global gross domestic product rising 2.7 percent in 2024, driving insurance sector growth despite geopolitical tensions and inflation. Read More
Artex Unveils First Vermont Protected Cell Company
Artex unveils its first Vermont protected cell company, offering incorporated and unincorporated cell structures. Read More