Market News
Lockton Analyzes 2025 Insurance Market Shifts, Rates, and Reinsurance
Lockton's "June 2025 Market Update" reviews global insurance market conditions, highlighting softening property and cyber rates, stable reinsurance capacity, and rising liability verdicts. The report addresses natural catastrophe losses, geopolitical risks, and offers strategic guidance on program structure, analytics, and capital deployment for insurance buyers navigating an evolving risk landscape. Read More
NCCIA Reports Budget Stalemate Has No Direct Impact on Captives
The North Carolina Captive Insurance Association (NCCIA) reports North Carolina's budget gridlock will not affect captive insurance operations. No changes to the Captive Act are planned for 2025, but legislative efforts will resume in 2026. The association is also forming its 2026 conference committee and transitioning lobbying operations in-house under incoming CEO Zach Almond. Read More
Cyber Premiums Fall for First Time as Pricing Pressures Mount
US cyber insurance premiums fell 2.3 percent in 2024, the first decline since tracking began. AM Best attributes the drop to pricing cuts, not reduced demand. Surplus lines insurers maintained market share, while some large firms shifted cyber risk to single-parent captives, bypassing regulatory reporting. Profitability in the segment remains strong. Read More
FERMA Urges Strategic Foresight as Leadership Transition Nears
FERMA emphasized the need for strategic foresight and integrated risk frameworks during its general assembly, announcing new leadership and initiatives. Outgoing President Charlotte Hedemark highlighted evolving global risks, while Incoming President Philippe Cotelle pledged continued advocacy and innovation to support risk professionals navigating uncertainty across time horizons and industries. Read More
Cyber Threats Escalate as Reputational Risk and Systemic Events Converge
Aon's 2025 Global Cyber Risk Report reveals rising ransomware frequency, declining payouts, and growing reputation risk. Malware and systemic events threaten shareholder value, while midsized firms remain highly exposed. Despite a soft insurance market, key risks remain uninsurable, urging companies to invest in preparedness, cyber controls, and integrated risk strategies. Read More