Market News
Reinsurance Price Increases More Modest Than Expected at January Renewals
Analysis of January 1 reinsurance renewals shows that, in general, buyers did not face price increases or changes to terms and conditions as extreme as many had anticipated. Abundant capital was among the forces moderating reinsurance markets at January 1 renewals. Read More
Best Has Negative Outlook for US Property-Casualty Insurance Segment
A.M. Best has assigned a negative market segment outlook to the US commercial property-casualty insurance segment due to uncertainty over business interruption legislation related to the COVID-19 pandemic and the increasing frequency and severity of natural catastrophes. Increasing reinsurance costs and low interest rates were other factors. Read More
January "CICR" Includes 2021 Insurance Industry Outlook
Don't miss the January issue of Captive Insurance Company Reports (CICR), which contains an in-depth look at the trends, challenges, and opportunities the insurance industry will face in 2021. Read More
Catastrophes Caused $83 Billion in Insured Losses in 2020: Swiss Re
Insured losses from natural and man-made catastrophes in 2020 totaled $83 billion, the fifth costliest year since 1970, according to the Swiss Re Institute. Of the total, $76 billion in insured losses resulted from natural catastrophes, a 40 percent increase over 2019. Read More
Captives Should Challenge the Status Quo To Optimize Capital
Optimizing a captive insurance company's capital structure is critical in supporting the captive's long-term success, but there are a number of factors to consider in seeking capital optimization. Factors that shape a captive's capital structure and ways to optimize it are the subject of a recent Strategic Risk Solutions webinar. Read More