Market News

In its final "Global Market Insights Report" for 2021, Aon notes the impact of increased volatility on organizations, noting that the impact of that volatility on insurance market trends and risk agendas is readily apparent. The Aon report notes that the cyber-insurance market is becoming increasingly complex and volatile. Read More

Members of the Association of Bermuda Insurers and Reinsurers (ABIR) contributed $8.5 billion to the Bermudian economy during the decade ending in 2020, according to the results of the latest annual ABIR member survey. The ABIR survey showed a direct economic contribution of $722 million from member companies in 2020. Read More

While pandemic/infectious disease ranks as the top current risk in a recent survey, climate risk was identified most often as the top emerging risk, followed by cyber/network risks. The remainder of the top five emerging risks include pandemic/infectious disease, disruptive technology, and financial volatility. Read More

The COVID-19 pandemic has exposed gaping holes in many businesses' insurance coverages, but captive insurance can help close the gaps. As they face COVID-related losses across numerous business lines, traditional insurance companies are not indemnifying against communicable disease. Read More

Nearly all commercial insurance lines experienced year-over-year premium renewal rate increases in January, though most experienced decreases in the rate of increase from the prior month, according to the IVANS Index, a regular premium renewal rate index compiled by the IVANS insurance exchange service. Read More