Markets
Reshoring to Generate $30B in Commercial P/C Premiums by 2026: Swiss Re
Swiss Re predicts that deglobalization will generate $33 billion in new commercial property/casualty insurance premiums by 2026, according to its latest sigma report: "Maintaining resilience: the ...
Carriers Know What’s Coming: Higher Reinsurance Prices in 2023
Primary insurers surveyed by a Moody's Investors Service expect to pay more for both property and casualty reinsurance in 2023, but those willing to pay up for higher amounts of cover will likely ...
First Aerial Delivery Drone Granted Design Approval by FAA
Aviation regulators approved designs for the first flying drone built specifically for shipping packages, a major step forward for the fledgling remote delivery industry. Matternet Inc.'s Model M2, a ...
Property Catastrophe Reinsurance Entering a True Hard Market
Uncertain times are challenging for reinsurers. Claims may jump, and investment losses may dent profitability and possibly capital. However, uncertain times can also be good for reinsurers. Demand ...
Outlook Negative: AM Best Revises U.S. Personal Lines as Auto Results Weaken
AM Best said it held the belief that the U.S. personal auto line would right the ship following weakening performance in 2021, but headwinds such as inflation remain too strong, and the rating agency ...
Wholesale Growth Is Cycle-Proof; Dual Distribution Has Failed: AIG’s Zaffino
Just a few days before the official start of the Wholesale & Specialty Insurance Association annual meeting in September, AIG's chief executive officer gave his take on the dominance of ...
Lockton Re Launches Capital Markets Arm
Lockton Re announced Sunday that the broker has formed Lockton Re Capital Markets (LRCM), designed to serve clients by accessing broader pools of capital and providing complementary solutions to ...
Westfield Enters International Specialty Market With Purchase of Argo’s Lloyd’s Syndicate
Westfield said it has expanded into the international specialty insurance market by buying Lloyd's Syndicate 1200 from Argo Group International Holdings for about $125 million. The acquisition is ...