Cyber again generated strong profits for U.S. property/casualty (P/C) insurers last year, Fitch Ratings s...
Social inflation has put severity pressure on loss cost trends over last five years: CNA CEO
Long-run loss cost trends in the US are at 6.5% as a result. CNA Financial CEO Dino Robusto said that over the past five years, social...
Long-run loss cost trends in the US are at 6.5% as a result. CNA Financial CEO Dino Robusto said that over the past five years, social...
Article / 13 days ago
General liability rates could climb as third-party litigation funding grows outside of US
The funding practice has led to a dramatic increase in claims amount, which in turn pushes up rates....
The funding practice has led to a dramatic increase in claims amount, which in turn pushes up rates....
Article / 15 days ago
Social inflation will drive P&C (re)insurers to raise prices
“We expect social inflation to continue, and insurers to respond by building higher expected losses into their policies, raising prices and boosting reserves,” says Jasper Cooper, CFA, VP-Sr Credit Officer at Moody’s Ratings...
“We expect social inflation to continue, and insurers to respond by building higher expected losses into their policies, raising prices and boosting reserves,” says Jasper Cooper, CFA, VP-Sr Credit Officer at Moody’s Ratings...
PR / 18 days ago
Oil Pollution Act market retreats over stance of US Coast Guard
A claims dispute between the US Coast Guard and insurers has sparked fear about aggregations...
A claims dispute between the US Coast Guard and insurers has sparked fear about aggregations...
Article / 18 days ago
What Industry Executives Are Saying About Loss Reserves and Social Inflation
At carriers and reinsurers that announced reserve loss charges taken during fourth-quarter 2023, and even at some that did not, executives discussed the...
At carriers and reinsurers that announced reserve loss charges taken during fourth-quarter 2023, and even at some that did not, executives discussed the...
Article / 2 months ago
D&O rate reductions decelerate but trajectory remains worrying
There is frustration in the market that remediation work has been squandered...
There is frustration in the market that remediation work has been squandered...
Article / 2 months ago
Mounting interest in casualty captives as market toughens
Multinationals are increasingly looking to put casualty exposures within captives, particular for areas where the insurance market is proving difficult, such as US risks...
Multinationals are increasingly looking to put casualty exposures within captives, particular for areas where the insurance market is proving difficult, such as US risks...
Article / 2 months ago
European market to stabilise further
Brokers predict that European insurance buyers may begin to see more widespread softening for key risks in the second half...
Brokers predict that European insurance buyers may begin to see more widespread softening for key risks in the second half...
Article / 3 months ago
Casualty Reinsurance Renewals See Modest Price Hikes Despite Social Inflation: AM Best
Reinsurers in general maintained adequate capacity for casualty programs, despite concerns about social inflation and some recent reserve strengthening actions,...
Reinsurers in general maintained adequate capacity for casualty programs, despite concerns about social inflation and some recent reserve strengthening actions,...
Article / 3 months ago
Q4 2023: Global Insurance Market Overview
A complex macroeconomic environment continues to shape risk strategies and market responses...
A complex macroeconomic environment continues to shape risk strategies and market responses...
Report / 3 months ago