Market News
Most Commercial Lines Continued To See Premium Decreases from July to August
According to the Ivans Index, most major commercial insurance lines experienced decreases in average premium renewal rates from July to August. Commercial auto, BOP, general liability, and workers compensation saw declines, while umbrella coverage slightly increased. Year over year, most lines still posted premium renewal rate gains. Read More
Reinsurers Urged To Embrace Risk To Support Clients and Market Stability
Aon's reinsurance report reveals strong financial performance despite significant natural catastrophe losses. It urges reinsurers to embrace risk to support growth, meet client needs, and maintain market relevance. The report also highlights increased competition, improving investment yields, and the need to address the growing complexity of risks. Read More
Europe's Big Four Reinsurers Maintain Strong Performance Amid Hard Market
Europe's Big Four reinsurers achieved strong non-life results in 2023 and 2024, fueled by favorable market conditions. A.M. Best's report highlights challenges in comparing their earnings due to differing reporting standards but notes stable returns and diversified portfolios. Read More
Podcast Explores Custody, Collateral, and Regulatory Changes in Captive Insurance
In this podcast, Marty Ellis of Comerica Bank discusses custody accounts, collateral options, and regulatory changes in captive insurance. He highlights key differences between letters of credit and reinsurance trusts, emphasizing industry vigilance following the Vesttoo scandal and advocating for more secure methods to prevent fraud in collateral management. Read More
Global Reinsurers Achieve Cost of Capital in 2023 after 4-Year Gap
Reinsurers met the cost of capital for the first time in 4 years, driven by favorable underwriting results and repricing, according to an AM Best report. The report highlights increased investor interest in reinsurance as markets hardened. Read More