Market News

Commercial insurance prices continue to increase to varying degrees across lines of business, but the size of those increases is decreasing, according to a new report from Aon. New capacity is entering the market, so, while capacity is tight, it is sufficient for most placements. Read More

Captive insurance companies rated by A.M. Best continued to outperform commercial insurance market companies in 2020, according to a new report from the rating agency. Captive insurance companies' inherent flexibility and control managing risk drives profitability and retained earnings, Best said. Read More

United Educators Insurance, a Reciprocal Risk Retention Group, reports that A.M. Best has affirmed its excellent financial strength rating along with its excellent issuer credit rating. Best noted that United Educators' rating reflects its "strong market position and diversification of risk by region and type of institution." Read More

Guernsey's recently adopted insurance industry environmental, social, and governance (ESG) accreditation program is attracting new insurance business to the island, according to Guernsey Finance. The program includes a kitemark—a recognizable mark that designates that a product or service has met standards for quality or safety—that validates insurers' ESG considerations. Read More

Lloyd's of London has released a "climate action road map" that includes developing new risk transfer solutions to help address climate change, including insurance for electric vehicles. The risk transfer solutions will support green innovation and renewable energy investment and expansion, along with a public-private disaster resilience, response, and recovery framework. Read More