Market News
US Excess and Surplus Insurers Reported Double-Digit Growth in 2024
US excess and surplus (E&S) insurers saw double-digit growth in direct written premiums for the 7th consecutive year in 2024, according to a review of the E&S market by Fitch Ratings. US E&S direct written premiums grew 11 percent in 2024, down from 15 percent growth the prior year. Read More
Bermuda Commercial Claims Costs Topped $1 Trillion over 9 Years
Bermuda-based commercial insurers and reinsurers incurred $1.1 trillion in gross claims costs to policyholders and cedants globally from 2016 to 2024, according to the Bermuda Monetary Authority. Over the period, Bermuda insurers and reinsurers incurred $831 billion in gross claims costs to US, Europe, and UK policyholders and cedents. Read More
Property-Casualty Insurers See Improved First-Half Underwriting Income
US property-casualty insurers reported $11.2 billion in net underwriting income during the first half of 2025, according to a new report from AM Best. This year's first-half income is a significant improvement from the $2.9 billion in underwriting income US property-casualty insurers posted during the same period in 2024. Read More
WTW Survey Finds Commercial Insurance Price Increases Moderating
US commercial insurance rates increased 3.8 percent in the second quarter of this year, continuing a trend from the prior two quarters of slowing rate increases, according to Willis Towers Watson’s (WTW's) second quarter Commercial Lines Insurance Pricing Survey (CLIPS). Read More
September CICR Explores How Captives Support Parents
The September issue of "Captive Insurance Company Reports" ("CICR") examines how captives support parent company missions and highlights insights from North Carolina's domicile, artificial intelligence governance frameworks, proposed § 831(b) reforms, Marsh's 2025 benchmarking study, and AM Best's reinsurance market briefing. Subscribers can access the full issue via Vertafore ReferenceConnect or IRMI Online. Read More