Market News
Demotech Releases Year-End 2018 Financial Analysis of RRGs
Demotech has released its "Analysis of Risk Retention Groups-Year-End 2018," reporting on the overall financial performance of Risk Retention Group (RRG). Demotech's senior financial analyst, Douglas Powell, has concluded that "RRGs have a great deal of financial stability and remain committed to maintaining adequate capital to handle losses." Read More
DOL's Automatic Enrollment Decision Could Boost LTD Participation
A US Department of Labor (DOL) rule clarification allowing employers the option to provide long-term disability coverage to their employees through automatic enrollment should benefit insurers by increasing participation rates. Read More
Total Reinsurance Capital Down While Alternative Capital Is Up
In its latest biannual "Reinsurance Market Report," Willis Re said total capital dedicated to the global reinsurance industry was $462 billion at the end of 2018. The findings showed that while dedicated reinsurance capital was down 5 percent, alternative capital grew 6 percent in 2018. Read More
Fitch: US P&C Industry Records Combined Ratio Improvement for 2018
The US property-casualty (P&C) industry returned to a modest statutory underwriting profit in 2018, following 2 consecutive years of combined ratios above 100 percent, according to Fitch Ratings. Read More
IVANS: First Quarter Renewal Rates Experience Continued Increase
IVANS has announced the "IVANS Index: Premium Renewal Rate Index" results for first quarter 2019. The first quarter results showed an increase in premium renewal rate change average across commercial auto, businessowners policy, umbrella, and commercial property compared to fourth quarter 2018. Read More