Market News
Civil Unrest Becomes a Top Political Risk Concern for Businesses
With businesses consistently ranking political risks and violence as a top 10 risk, civil unrest has become businesses' top political violence concern, according to a report from Allianz Commercial. According to Allianz, 51 percent of businesses now rank civil unrest and riots as their top political risk and violence concern. Read More
Property-Casualty Industry Performance Improved Significantly in 2024
The US property-casualty insurance industry significantly improved its statutory underwriting performance and net earnings in 2024, according to Fitch Ratings. Fitch said the US property-casualty insurance industry posted a 96.6 percent combined ratio in 2024, a 5.2 percentage point improvement from a year earlier. Read More
Cayman Islands Added 5 New International Insurers in First Quarter
The Cayman Islands Monetary Authority issued 5 new international insurer licenses during the first 3 months of this year. New licenses issued included two Class B(i) and three Class B(iii) insurer licenses, with six additional licenses approved in principal and nine additional applications currently under review. Read More
Pricing, Risk Conditions Prompt Best to Revise London Market Outlook
AM Best is revising its outlook for the London market insurance segment to stable from positive, citing market softening and exposure challenges. Best cited the combination of a softening pricing environment and certain exposure management challenges facing London market insurers. Read More
Cyber-Insurance Market Analysis Sees Both Opportunities and Challenges
The global cyber-insurance market is on track to reach $16.3 billion in 2025, up from $15.3 billion in 2024, according to a new report from Munich Re. The report said that the cyber-insurance market has proven itself capable and efficient in protecting insured critical digital assets. Read More