Market News
Intermediaries Describe Challenging January Reinsurance Renewals
January 1 reinsurance renewals have been described as challenging, and in some cases frustrating, in analyses provided by two intermediaries. Renewals were often late and complex, with property renewals the most challenged sector with a stressed property catastrophe reinsurance market. Read More
Rating Agency Model Shows Property-Casualty Insurers' Capital Strength
The US property-casualty insurance sector continued to show extremely strong capital strength in 2021, as measured by Fitch Ratings' proprietary capital model. In Fitch's 10th annual special report, "2021 U.S. Non-Life Sector Prism Scores," Fitch covers the results from its Prism capital model for 49 US property-casualty insurance groups. Read More
Survey Finds Risk Managers Seeking Greater Role in ESG Initiatives
More than three-quarters of risk managers surveyed believe risk management should take a more active role in their organizations' environmental, social, and governance (ESG) initiatives. The Willis Towers Watson (WTW) survey found 77 percent of respondents calling for risk management to play a more active part in ESG initiatives. Read More
2022 Was a Good Year for Captives
Driven by a hard insurance market and greater global uncertainty, the captive insurance market saw significant growth during 2022. In addition to new captive owners, many companies already using captives extended the concept to address other risk exposures. Read More
All Lines but Workers Compensation Saw Premium Increases in November
Year over year, all commercial insurance lines of business except workers compensation experienced an increase in average premium renewal rate in November, according to the "Ivans Index," a regular premium renewal rate index compiled by the Ivans insurance exchange service. Read More