Market News
Rating Agency Maintains Neutral Outlook for Global Reinsurance Sector
Fitch Ratings is maintaining its "neutral" outlook for the global reinsurance sector, saying it doesn't expect the economic slowdown to significantly affect demand for most reinsurance business. Fitch said it also expects the reinsurance sector's underlying profitability to remain broadly stable in 2022 and 2023. Read More
Nearly All Commercial Lines Saw Premium Increases Again in August
All commercial insurance lines except workers compensation experienced year-over-year increases in average premium renewal rate in August, according to the IVANS Index. Businessowners policy (BOP) and commercial property continue to see the highest premium renewal rate increases year over year, IVANS reported. Read More
Surplus Lines Insurers Wrote Record $82.6 Billion in Premiums in 2021
Total US surplus lines direct premiums written reached a record $82.6 billion in 2021, according to a new report from A.M. Best. The surplus lines industry’s momentum has continued thus far in 2022, the rating agency said. It was the US surplus lines market's largest year-over-year premium growth since 2003. Read More
September "CICR" Explores Recession and Captive Insurance
Don't miss the September issue of "Captive Insurance Company Reports" ("CICR"), in which captive insurance leaders comment on how the captive insurance industry might be affected by a recession. Read More
Labor Day Observance
In observance of the Labor Day holiday, we will not publish new content on Captive.com and we will not send the "Captive Wire" newsletter on Monday, September 5. Read More