Market News

While capacity constraints combined with increased demand created challenging renewals for reinsurance buyers in June and July, most proved able to purchase desired coverage, an Aon report says. The Aon report notes that several years of above-average catastrophe claims preceded reinsurers' reduced appetite for catastrophe exposures. Read More

The threat of physical damages resulting from cyber attacks is growing as the number of attacks targeting critical infrastructure increases, according to a new report from Lloyd's of London. The report noted that attacks targeting critical infrastructure increased from 10 in 2013 to almost 400 in 2020. Read More

The recovery of the US commercial auto insurance segment over the past 2 years might prove unsustainable in 2023 and beyond, according to Fitch Ratings. After a decade of annual underwriting losses, the US commercial auto insurance segment reported a below-100 percent combined ratio in 2021. Read More

While the cyber-insurance market has been one of the most challenging segments of the commercial lines space, there's reason for "cautious optimism" that rates will stabilize and insurers will reward buyers' cyber-hygiene efforts, a new report from Marsh suggests. Read More

Businesses around the world should prepare for an increase in civil unrest as a cost-of-living crisis follows on the heels of the COVID-19 pandemic, according to Allianz Global Corporate & Specialty (AGCS). AGCS noted that social media in conjunction with political polarization is fueling protest movements. Read More