Market News
Best Says Softening Market Unlikely Amid Significant Recovery
The global reinsurance industry demonstrated a significant recovery of prior-year capital losses in 2023, driven by strong technical results, unrealized capital gains, and higher reinvestment rates. Read More
Stability Returns to Global Reinsurance Market
Stability has returned to the global reinsurance market, with supply more than sufficient to meet demand following a period of turbulence. Read More
Reinsurer Capacity Increased in January
January 1 renewals indicate that reinsurance capacity increased in a responsive market, according to Guy Carpenter. Read More
Captive Growth Continues in Vermont
Vermont licensed 38 new captive insurance companies in 2023, its 9th-highest year of growth. Read More
Social, Economic Inflation Increased Liability Market Pressure in Q3
While the commercial insurance market's behavior was largely unchanged during the third quarter from the prior quarter, the accumulating effects of social and economic inflation added pressure to insurers' liability reserves and pricing, according to Lockton. Lockton reported that lead umbrella rates increased 12 percent during the third quarter. Read More