Market News
Commercial Renewal Rates Climb Year over Year but Slip from First Quarter
The IVANS Index for second quarter 2025 shows that while commercial insurance premium renewal rate changes rose year over year, most major lines declined from first quarter. General liability was the only line to increase quarter over quarter, while workers compensation continued to show negative rate change trends. Read More
New UK Cyber Guidance Shifts Responsibility to Senior Leadership
A Willis Towers Watson article explores the United Kingdom's 2025 Cyber Governance Code, which requires CEOs and boards to take direct responsibility for cyber security. The article details five key focus areas—risk, strategy, people, incident response, and assurance—emphasizing leadership accountability and the importance of aligning cyber efforts with organizational goals. Read More
July CICR Explores Tariff Implications for Captives
The July 2025 issue of "Captive Insurance Company Reports" examines how tariffs, evolving risks, and new legislation impact captives. Highlights include insights from RISKWORLD 2025, Utah's regulatory strengths, a midyear global risk review, and an update on South Carolina's growing domicile. Available via IRMI Online and Vertafore ReferenceConnect. Read More
Reinsurance Rates Decline Amid Rising Competition and Ample Capacity
Fitch Ratings reports continued declines in reinsurance pricing at midyear renewals, driven by excess capacity and competition. Property rates fell sharply, while casualty remained stable. Looser terms and rising catastrophe losses are compressing underwriting margins. Despite pressures, pricing is still above historical levels, and investment income supports overall profitability. Read More
PNC Report: Equity Markets Climb as Tariff and Inflation Fears Ease
PNC's "Global Market Snapshot—July 2025" reports strong US equity performance, easing market volatility, and restrained inflation from tariffs. Artificial intelligence-driven investment and fiscal stimulus from a new budget package are expected to support continued growth. Bond markets also posted gains amid declining interest rates and geopolitical stabilization. Read More