Market News

Hurricane Ian "effectively ended" the decelerating rate trend seen in the commercial property insurance market during the first half of this year, according to a third-quarter market analysis from broker Woodruff Sawyer. The commercial casualty segment was largely unchanged in the third quarter from the prior 3 months. Read More

Captive insurance companies' potential role in addressing environmental, social, and governance (ESG) issues is an untapped opportunity, a new report suggests. The Aon report, "Using a Captive Insurance Company To Drive Positive ESG Outcomes," suggests that captives are a "natural nexus" between global financial systems and the broader economy. Read More

Inflation and continuing deterioration in driving behaviors are combining to pressure auto insurers, according to the American Property Casualty Insurance Association (APCIA). The highest inflation in 40 years has contributed to insurance claim costs rising faster than the underlying consumer price index, outpacing increases in premiums, the APCIA said. Read More

Guy Carpenter has launched a new tool aimed at supporting the structuring and optimization of reinsurance strategies in real time. MetaRisk Live allows clients to instantly evaluate the impact of changes to their reinsurance structures, supporting a better understanding of buying decisions, a Guy Carpenter statement said. Read More

Insurers' underwriting and investment strategies will be increasingly influenced by environmental, social, and governance (ESG) considerations, according to Fitch Ratings. In a new report, "Global Insurance through an ESG and Sustainability Lens," Fitch said that evolving strategies could reshape some insurers' credit profiles, potentially affecting their credit ratings. Read More