Market News
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
Survey Finds US Commercial Insurance Price Increases Continued in Q2
US commercial insurance prices increased again during the second quarter of this year by an aggregate rate of 6 percent compared to the same quarter in 2021, according to Willis Towers Watson's "Commercial Lines Insurance Pricing Survey" (CLIPS). Cyber insurance experienced the largest price increase during the quarter. Read More
Captives Enhance the Value of Professional and Trade Associations
Increasingly, all sorts of associations have discovered that one of the most valuable benefits they can provide involves developing a captive insurance company. As association members plead for insurance program help, association leaders are creating captive insurance programs designed to meet their members' unique needs. Read More