Market News
Managing General Agents Seen Responding to Changing Demands, Scrutiny
As total premium in the delegated underwriting authority enterprises sector continues to increase, the capacity directed to the sector is become more selective, according to AM Best. AM Best said that capacity directed to the sector is increasingly focused on long-term underwriting quality and greater stability on loss ratios. Read More
Report Cites Reinsurance Buyers' Market at Midyear Renewals
Reinsurance buyers enjoyed a buyers' market at midyear renewals, marked by double-digit price reductions and improved terms for most placements, according to a new report from Aon. Global reinsurance demand increased more than 10 percent at midyear, Aon said in its midyear report, Reinsurance Market Dynamics. Read More
Reinsurance Market Conditions Prompt Better Buyer Outcomes at Midyear
In a market reflecting strong returns for reinsurers, abundant capital, and keen competition, reinsurance buyers were able to achieve reinsurance-purchasing outcomes that better met their needs at July 1 renewals, according to a new report from Gallagher Re. That experience was felt by reinsurance buyers across most lines at midyear. Read More
US House Passes Bill to Reauthorize Terrorism Risk Insurance Program
The US House of Representatives has passed H.R. 7128, the TRIA Program Reauthorization Act of 2026. The measure passed the House June 29 by a vote of 373–15. The legislation would reauthorize the Terrorism Risk Insurance Act (TRIA)—which was first established by Congress after the September 11, 2001, terrorist attacks—through 2034. Read More
Cyber Insurance Purchasing Seen Trailing Information Security Spending
While investments in cyber risk management have grown significantly over the past decade, the evolution and growth of cyber insurance have moved more slowly over the same period, according to a new report from Aon. Global spending on information security has more than tripled over the past 10 years. Read More