Market News
Rising Premiums, Increased Exposures Should Benefit E&S Insurers
US excess and surplus (E&S) lines insurers are poised to see improved performance in 2021 after a difficult 2020, according to Fitch Ratings. Fitch said that US property and casualty insurers specializing in the E&S market are seeing better growth and profit opportunities as premiums increase in many segments. Read More
September "CICR" Looks at Captives and Cyber Exposures
Don't miss the September issue of "Captive Insurance Company Reports" ("CICR"), which offers a roundup of industry insights into the current state of the cyber-insurance market and ways that captive insurance is being used to address cyber exposures. Read More
To Remain Relevant, Reinsurers Must Address Emerging or Evolving Risks
The global reinsurance industry has absorbed the shock of the COVID-19 pandemic, but more complex and interrelated risks highlight the need for innovation to address emerging risks and evolving traditional risks, a new report from A.M. Best suggests. Best says a major challenge for the reinsurance industry is remaining relevant. Read More
Hurricane Ida's Insured Losses Could Fall Hardest on Commercial Lines
Hurricane Ida's trajectory and proximity to the New Orleans area could tilt insured losses from the storm more toward the insurance industry's commercial lines than to personal lines, according to A.M. Best. Losses from 2020's Hurricane Laura had a greater impact on personal lines. Read More
Ransomware Remains a Major Concern, Even as Attack Frequency Dips
Ransomware attacks have grabbed the headlines this year and become a top concern for businesses and insurers. Interestingly, though, data from the first two quarters of 2021 suggest the frequency of ransomware attacks is declining. Making too much of that trend would be a mistake, however. Read More