Market News

While the US health insurance industry experienced positive results in 2021, its total underwriting gain of $23.9 billion was a 65 percent decline from 2020's level, according to A.M. Best. In a report, Best noted that COVID-19-related costs dampened the health insurance industry’s results. Read More

Midyear reinsurance renewals saw a hardening of reinsurers' attitudes driven by economic and political factors—most notably inflation, according to Gallagher Re. The intermediary said that at midyear renewals, reinsurers looked closely at the actions ceding insurers were taking to address the impact of inflation. Read More

The first half of 2022 was the third most active first half ever for property catastrophe bonds and other insurance-linked securities (ILS), according to a new report from Artemis. The "Q2 2022 Catastrophe Bond & ILS Market Report" said this year's first half saw $8.7 billion in new issuance. Read More

While capacity constraints combined with increased demand created challenging renewals for reinsurance buyers in June and July, most proved able to purchase desired coverage, an Aon report says. The Aon report notes that several years of above-average catastrophe claims preceded reinsurers' reduced appetite for catastrophe exposures. Read More

The threat of physical damages resulting from cyber attacks is growing as the number of attacks targeting critical infrastructure increases, according to a new report from Lloyd's of London. The report noted that attacks targeting critical infrastructure increased from 10 in 2013 to almost 400 in 2020. Read More