Market News
2021 Risk Maps Underscore COVID-19 Pandemic's Geopolitical Impact
Beyond the impacts on our everyday lives, the COVID-19 pandemic has had a significant influence on a variety of geopolitical risks, according to a new report. Among other things, the COVID-19 pandemic had an effect on terrorism, in many cases limiting it, according to Aon's "Risk Maps 2021" report. Read More
Moody's To Acquire Disaster Risk Modeling and Analytics Firm RMS
Moody’s Corp. will acquire climate and natural disaster risk modeling and analytics firm RMS for approximately $2.0 billion. RMS has more than 400 risk models covering 120 countries and is a leading provider of climate and natural disaster risk modeling services to the global property-casualty and reinsurance industries. Read More
Commercial Insurance Price Increases Slowing as Deductibles Trend Upward
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 Company Performance Outpaces Commercial Market
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
Rating Agency Affirms United Educators RRG's Excellent Ratings
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