Markets
Too Soon for ‘All Clear’ in D&O Insurance Market as Banks Fall
D&O insurers breathed a short sigh of relief when the U.S. government pledged to protect depositors of failed Silicon Valley Bank last week. But it wasn't necessarily business as usual for ...
To the Moon and Back: Space Tourism and Insurance
Space tourism, or human space travel for recreational purposes, is in its early days. For insurers, this means it's an emerging business that most aren't ready to tackle yet. Neil Stevens, senior ...
Heavier Vehicles, Distracted Drivers Impacting Claim Severity: CCC Intelligent Solutions
Roadways in the U.S. are carrying heavier, more powerful vehicles operated by motorists who are older, driving faster and more often distracted, according to CCC Intelligent Solutions' annual Crash ...
U.S. Commercial Rates Increased in Q4 – But at Slower Pace: WTW
U.S. commercial insurance prices grew in the fourth quarter of 2022 by an average of 4.8 percent, down from the rate of 5.2 percent in the previous quarter (Q3 2022), according to WTW's most recent ...
Demand for Transactional Risk Coverage Remained Strong in 2022: Marsh
Transactional risk insurance continued its rise in popularity in 2022 to become a global, mainstream feature on mergers and acquisitions (M&A). Despite macroeconomic and geopolitical challenges, ...
How to Win Reinsurance Negotiations in a ‘Show Don’t Tell’ Hard Market
We need to talk about the cost of reinsurance. Primary property/casualty insurance carriers and MGAs are still squeamish following the most difficult January reinsurance renewals the industry has ...
AM Best Downgrades SCOR Ratings
AM Best announced Thursday that it has downgraded the financial strength rating to "A" (excellent) from "A+" (superior) and the long-term issuer credit ratings to "a+" (Excellent) from "aa-" ...
Lloyd’s 2022 Underwriting Results ‘Strong’ Despite Bottom-Line Red Ink
Lloyd's reported an interim full-year 2022 loss before tax of $947.6 million (£800 million ) as a result of investment losses of approximately $3.6 billion (£3 billion). This compares to a profit ...