Market News
US Property-Casualty Insurance Set for Profit Recovery in 2024
The US property-casualty insurance market is set for profit recovery in 2024 due to strong first-quarter results driven by personal auto recovery and favorable pricing conditions despite ongoing challenges. Read More
Michigan's Captive Insurer Program Sees 25 Percent Growth
Michigan's captive insurer premiums exceeded $3 billion in 2023, reflecting a 25 percent growth. The state now has 26 captive insurers. Read More
Artex: US Property Market Challenges Drive Interest in Alternative Risk Solutions
US property market challenges drive interest in alternative risk solutions, like captives, as companies seek stable, long-term strategies amid fluctuating market conditions. Read More
Most Major Commercial Line Premium Renewal Rates Increased Month-over-Month
May renewal premiums rose across all lines except commercial property, with more significant increases from April in commercial auto, BOP, general liability, and umbrella policies. Read More
Specialty Insurance and E&S Lines Surge in Q1 2024: MarshBerry Report
A recent report finds specialty insurance and E&S lines show robust growth in Q1 2024, driven by a prolonged hardening cycle, shifting premiums, and new product developments. Read More