Market News
Analysis Sees Insurance Market Improving, Rate Increases Continuing
As the year's fourth quarter nears, from a buyer's perspective the commercial insurance market is in the best shape it's been for the past 3 years, according to an analysis from Lockton. But, while price increases are moderating, they are continuing and will likely remain elevated for the foreseeable future. Read More
Cowbell Cyber To Pair New Specialty Insurance Company with Captive
Cyber-insurance provider Cowbell Cyber has formed a new subsidiary, Cowbell Specialty Insurance Company, which will pair with the company's captive insurance company, Cowbell Re. The company says the move will provide it with additional flexibility and control in serving the fast-growing cyber-insurance market. Read More
Rating Agency Says Inflation Could Prompt "Deteriorating" Outlooks
Fitch Ratings has cautioned that insurance sector outlooks in several markets around the world could move to "deteriorating" if high inflation and rising interest rates persist beyond current forecasts. Fitch said that non-life sectors would typically be most exposed, especially those with a high proportion of long-tail business. Read More
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