Market News

Insurers and reinsurers tracked by Gallagher Re showed an average 8 percent premium growth in 2021 and 11 percent in the year's fourth quarter. Gallagher Re said that premium growth was fueled primarily by global economic improvement and favorable pricing, particularly for commercial lines. Read More

Strategic Risk Solutions (SRS), the world's largest independent insurance company manager, experienced 12.5 percent growth in the number of entities it manages across all its regions and businesses during 2021. SRS reported that it had 427 total captive insurance companies and 472 cells under management at the end of 2021. Read More

As cyber attacks grow more common and more costly—and as insurers grow increasingly cautious in taking on cyber risks—it's becoming increasingly essential that organizations take steps to improve their cyber security. There are risk controls organizations can implement to help better manage their risks, a new report from Marsh suggests. Read More

Several years of rapid premium growth have led to a material decline in US directors and officers (D&O) insurers' 2021 loss ratios, which may continue in the near term, according to Fitch Ratings. US D&O insurers' recent performance improvement is expected to temper further price increases, Fitch said. Read More

Commercial insurance price increase momentum is slowing in 2022, according to Fitch Ratings, which, combined with rising risks of inflation, climate change, and cyber, will likely lead to major European insurers' profits to peak in 2023 and weaken in subsequent years. Read More