Market News

Fitch Ratings reports that reinsurers will push for double-digit increases in US casualty premiums in 2025 renewals. Rising loss costs from social inflation and legal risks, including large verdicts and latent liabilities, are driving these hikes as reinsurers tighten risk selection and reduce exposure. Read More

The US commercial insurance market continues to favor buyers, with stable conditions across most lines of coverage. However, according to Lockton's September 2024 "Market Update," rising liability costs, economic fragility, and emerging risks are creating uncertainty, prompting businesses to explore alternative risk strategies and remain vigilant. Read More

US E&S insurers experienced a 15 percent increase in direct written premiums in 2023, marking the 6th consecutive year of double-digit growth. Property insurance lines were the primary driver of this growth, with continued momentum expected due to higher pricing and increased policy volume, according to Fitch Ratings. Read More

Captive insurance companies rely on benchmarking tools to assess financial performance and risk exposure. By comparing key metrics with industry standards, captives can adjust strategies to enhance stability, manage risks effectively, and maintain long-term success in a constantly evolving market. Read More

Captive insurance allows small-to-midsize businesses to manage risks by self-insuring, reducing overall costs, and gaining control over premiums. Blended solutions share risk with traditional insurers, offering flexibility and financial benefits. While not for everyone, captives provide an effective alternative to conventional insurance strategies. Read More