Market News
Property-Casualty Profits Seen Improving While Surplus Growth Slows
While US property-casualty insurers are likely to experience improved profitability in 2022, surplus growth is likely to slow relative to the past 3 years, according to Fitch Ratings. The industry's policyholders' surplus increased by 40 percent over the past 3 years, Fitch said, driven by favorable equity market performance. Read More
Lloyd's Selects 11 InsurTechs To Participate in Its Next Lloyd's Lab
Lloyd's of London has announced the next 11 InsurTech start-ups that will join the eighth cohort of the Lloyd's Lab in its 10-week program bringing together InsurTechs, insurers, and brokers to test new, innovative solutions. The teams will work to create insurance products to address challenges facing the Lloyd's market. Read More
Catastrophe Bond Market Starts 2022 with an Active First Quarter
The first quarter's $3.52 billion in catastrophe bond issuance made it the third most active first quarter ever for catastrophe bond issuance, according to a report from Artemis. New catastrophe bond issuance during the first 3 months of 2022 was 36 percent—$929 million—above the 10-year average for the period. Read More
April "CICR" Looks at Parametric Risk Transfer in Vermont
Don't miss the April issue of "Captive Insurance Company Reports" ("CICR"), in which Dr. Marcus Schmalbach, CEO of RYSKEX GmbH, offers insight into Vermont legislation that will allow captives to accept or transfer risks using parametric triggers. Dr. Schmalbach's article takes a closer look at the background and implications. Read More
Russia-Ukraine Conflict Adds to Reinsurers' Challenges as 2022 Begins
While the Russia-Ukraine conflict will add uncertainty and increase earnings volatility in global reinsurers' specialty lines, the direct exposure to those reinsurers' assets is minimal, according to S&P Global Ratings. The conflict is, however, one more factor contributing to a challenging start to 2022 for global reinsurers. Read More