Market News
Rating Agency Sees Better Times Ahead for Bermuda Insurers, Reinsurers
After 5 years of underperformance, Bermuda (re)insurers could be on the verge of better times, according to S&P Global Ratings. The rating agency noted that only a few Bermuda (re)insurers produced underwriting profitability between 2017 and 2021. Read More
FERMA Calls on (Re)Insurance Industry To Support Energy Transition
The Federation of European Risk Management Associations (FERMA) has called on the (re)insurance industry to do more to support its business clients in making the transition to carbon neutrality. In a new white paper, "Insuring the Transition," FERMA called on insurers and reinsurers to address a number of insurance-related issues. Read More
US Insurers' Investments in Catastrophe Bond Market Are Limited
Despite the significant growth in the insurance-linked securities (ILS) and catastrophe bond market in recent years, US insurers continue to make only minimal investments in the asset class, according to A.M. Best. Best said that US insurers hold approximately $850 million of the approximately $33 billion in outstanding catastrophe bonds. Read More
US Cyber Insurers Saw Improved Performance in 2021 as Loss Ratio Drops
US cyber insurers improved their performance in 2021, with the sector's loss ratio decreasing 1 percentage point from the prior year to 66 percent and premiums increasing significantly to keep up with increased loss severity, according to a report from Aon. Read More
Rating Agency Sees Slowing of Price Increases in US D&O Market
A 3-year trend of steep premium increases in the US directors and officers (D&O) insurance market along with lower limits, higher retentions, and more coverage exclusions is beginning to subside, according to Fitch Ratings. The slowing of those trends is leading to a reduction in rate momentum and premium volume. Read More