Market News

Bermuda (re)insurers expect higher loss costs and pressured premium rates in 2025, with a rising combined ratio. Reinsurance pricing is softening, but risk-adjusted returns remain favorable. Strong capital levels support resilience despite California wildfire losses. The insurance-linked securities market stays robust, though aggregate reinsurance faces pressure from severe US storm activity. Read More

AM Best's "January 1 Reinsurance Renewals" report examines key market trends, including softening property rates, stable casualty renewals, record reinsurance capital, and expanding third-party capital. The report also highlights underwriting discipline, economic uncertainty, and secondary perils as critical factors influencing the reinsurance landscape in 2025. Read More

Gallagher Re's Cyber ILS: Looking to the Future examines Cyber Insurance Linked Securities as a key alternative capital source. The report highlights market growth, investor confidence, pricing dynamics, and the role of cyber-risk modeling in reducing uncertainty, driving more competitive pricing, and increasing participation from capital markets. Read More

Reinsurers entered 2025 with record capital, increasing property capacity and influencing pricing. While property rates eased, underwriting discipline remained firm, especially in casualty lines. Secondary perils and social inflation continue to shape the market. AM Best expects reinsurers to maintain strict terms and reserve strengthening amid economic and catastrophe uncertainties. Read More

The North Carolina Captive Insurance Association (NCCIA) revised its strategic plan, elected new leadership, and reported strong captive insurance growth in North Carolina. The state added 33 new captives and 49 protected cells in 2024, strengthening its position as the third-largest domicile. Early interest in the 2025 NCCIA Annual Conference reflects the industry's continued expansion. Read More