Market News
Swiss Re's Latest Sigma Study Focuses on Construction Sector
According to the latest sigma study from Swiss Re, global engineering insurance underwriting performance has deteriorated recently, with premium rates declining and claims rising in some construction sectors. Urbanization, the replacement of aging infrastructure, and the development of renewable energy sources should all promote construction spending and engineering insurance demand. Read More
US Commercial Insurance Prices Up
A recent commercial lines insurance pricing survey found price changes from first quarter 2017 to first quarter 2018 were in excess of 1 percent for the first time in 11 quarters, breaking the moderating trend in price increases observed since 2013. Read More
US Captive Reinsurance Runoff Transaction Announcement
In its first transaction with a California self-insurer, Randall & Quilter (R&Q) recently completed a runoff deal to provide the self-insurer with full finality. In a different captive reinsurance transaction, R&Q issued a reinsurance agreement assuming the legacy liabilities of the Bermuda-domiciled captive of a US corporate airline. Read More
KBRA Assigns A Rating to Watford, an Arch Partner
Kroll Bond Rating Agency (KBRA) assigned insurance financial strength ratings (IFSR) of A to Watford Holdings. Watford is a total return global re/insurer that combines underwriting medium- to long-tail casualty risks with an investment strategy focused on noninvestment grade credit assets to generate attractive operating returns. Read More
Commercial Lines Market Remains Hard, According to IVANS
IVANS has announced its May "IVANS Index: Premium Renewal Rate Index" results. The outcomes showed that the majority of standard commercial lines products are trending positively. Read More