Market News
Demotech Releases First Quarter 2019 Financial Analysis of RRGs
Demotech has released its "Analysis of Risk Retention Groups-First Quarter 2019," which reports on the overall financial performance of risk retention groups. The rating company's senior financial analyst, Douglas Powell, has concluded that risk retention groups "continue to collectively provide specialized coverage to their insureds while remaining financially stable." Read More
US Property and Casualty Industry's Net Income Increased 69 Percent
The year-end 2018 statutory filings for the US property-casualty industry showed a year-over-year 69 percent increase in net income to $59.2 billion in 2019, owing to lower losses from catastrophic events, favorable development of prior years' loss reserves, and higher net investment income. Read More
Key Industry Leaders Will Support Future Lloyd's Strategy
Lloyd's has formed global and London advisory committees to support its strategy toward "nimbler and faster [offerings] … supported by technology, innovation, and flexible, responsive capital." Members of the advisory committees include global insurance industry heavyweights. Read More
US Cyber Insurance Market Tops $2 Billion, Doubling over 4 Years
Direct premiums written in the US cyber insurance market have more than doubled over a 4-year span, from $996 million in 2015 to $2 billion in 2018. Read More
Cyber Risk Premium Volume in Captives Jumping Up
While only a small percentage of employers use their captive insurance companies to cover their cyber risks, the premiums flowing into captives to fund the coverage is soaring, according to a new analysis. Read More