Market News

AM Best has upheld its stable outlook on the global cyber-insurance market. Rising demand, increased cyber-risk awareness, artificial intelligence-enabled underwriting, and regulatory pressures support growth, even as systemic risks and ransomware threats persist. Small and midsize enterprises continue driving adoption amid evolving threat and compliance landscapes. Read More

Willis' 2025 Global Cyber, Directors and Officers Survey highlights key cyber risks, insurance practices, and oversight trends. Boards and CEOs remain central to strategy, while preparedness and standalone cyber coverage are on the rise. The report underscores the evolving role of leadership in managing cyber threats and insurance decisions. Read More

The Connecticut Foundation Solutions Indemnity Company, Connecticut's captive insurer for crumbling foundations, has replaced over 1,100 foundations and plans to conclude operations by 2031. With more than $172 million paid in claims, it seeks a final $100 million in funding to address remaining homeowners affected by pyrrhotite-related foundation failures. Read More

Verisk's first-quarter 2025 Property Report highlights a decline in claims volume alongside a sharp rise in replacement costs, primarily from California wildfires. Reconstruction, labor, and material costs increased across North America. The report also notes impacts from tariffs, immigration policies, and weakening builder confidence heading into the remainder of 2025. Read More

Gallagher Re's "1st View: Challenging the Status Quo" highlights a more competitive reinsurance market at the July 2025 renewal. Buyers saw property rate reductions and stable casualty pricing, with reinsurers in strong financial shape and seeking to deploy capital while maintaining discipline across segments and geographies. Read More