Market News
Cyber Premiums Stand Out Among Commercial Insurance Price Hikes
Commercial property-casualty insurance premiums increased for the 15th consecutive quarter during the second quarter of 2021, according to The Council of Insurance Agents & Brokers' (CIAB) "Commercial Property/Casualty Market Report Q2 2021." Cyber insurance recorded the highest premium increase of all lines at 25.5 percent. Read More
Bermuda Reinsurance Data Highlight Market's Increased Significance
Bermuda-licensed reinsurers paid out more in losses to US policyholders and cedents over the last 5 years than in an earlier 20-year period, according to new findings released August 23 by the Bermuda Monetary Authority. From 2016 to 2020, Bermuda reinsurers paid out $209.6 billion to US policyholders. Read More
An Economic Reopening: The Implications of US Monetary Policy
US monetary policy remains ultra-accommodative by historical comparison. The Federal Reserve is purchasing $120 billion worth of bonds every month, has interest rates pinned at virtually zero, and remains committed to the current "inflation is transitory" narrative. Read More
Major European Reinsurers' Profits Improved during First Half of 2021
The four major European reinsurers experienced very strong improvement in profitability during the first half of 2021, according to Fitch Ratings. The improved profitability followed significant price increases in property and casualty reinsurance and high demand for reinsurance protection, Fitch said. Read More
US Property-Casualty Rating Actions Increased Slightly in First Half
The number of upgrades and downgrades of US property and casualty (P&C) insurers' credit ratings experienced a modest increase during the first half of 2021 versus the same period a year ago, according to A.M. Best. P&C insurer rating actions increased to 347 from 332 during the first half of 2020. Read More