Market News

Current high levels of inflation occurring as the world emerges from the COVID-19 pandemic could weaken reinsurance companies' credit profiles if they persist, according to a recent report from Fitch Ratings. The most affected reinsurance businesses include long-tail lines such as general liability, medical malpractice, and workers compensation. Read More

With the United States seeing the highest rate of inflation since the 1980s, the Federal Reserve is set to unwind emergency levels of monetary accommodation. This article examines recent developments in the United States and the Fed's likely actions and their potential impacts. Read More

The property-casualty insurance industry is expected to post a 101.3 percent combined ratio for 2021 as a result of continued deterioration in personal lines, according to underwriting projections by actuaries at the Insurance Information Institute (Triple-I) and Milliman. Read More

Credit rating upgrades among US property-casualty insurers returned to pre-pandemic levels in 2021, according to a new report from A.M. Best. Upgrades increased to 7.7 percent of all US property-casualty rating actions in 2021, compared with 5.3 percent in 2020, according to the A.M. Best special report. Read More

Private US property-casualty insurers experienced a $5.6 billion net underwriting loss during the first 9 months of 2021, as noncatastrophe losses returned to pre-pandemic levels, according to a report by data analytics provider Verisk and the American Property Casualty Insurance Association. Read More