Markets
U.S. Property Insurance Rates Fall for First Time Since 2017
U.S. property insurance rates are decreasing for the first time in almost seven years, after insurers returned to profitability amid lower losses tied to catastrophes. The average U.S. property ...
Reinsurers Reach Peak Performance as Market Stabilizes; M&A on Hold
The reinsurance market has reached an equilibrium, with increased capital supply from accumulated earnings meeting higher demand for reinsurance protection from cedents. As such, margins will peak in ...
Personal Lines Turnaround Fuels U.S. P/C Industry Underwriting Gain
A turnaround in the personal lines insurance segment results was a key driver of an overall $3.8 billion profit from underwriting for the U.S. property/casualty insurance industry, according to a new ...
Double-Digit U.S. Casualty Reinsurance Price Hikes Forecast
While the property-catastrophe reinsurance market is in the midst of a moderate softening phase, which will continue in 2025, double-digit price hikes for U.S. casualty reinsurance business are ...
Having It Both Ways
Over the past four decades, Robert "Bob" Hartwig has championed the critical role the insurance industry plays in the nation's economy. So, when the former Chief Economist and President of the ...
CrowdStrike Failure Highlights Potential Aggregation Risks for Reinsurers
The unique, evolving and often volatile nature of cyber risks has always lurked beneath the surface as the cyber insurance premium climbed in recent years. The recent CrowdStrike software failure ...
Prospect of Hurricane Seasonal Forecast-Miss Rising: Moody’s
Robert Muir-Wood, chief research officer of Moody's, has attended the Rendez-Vous de Septembre many times over the course of a more than 25-year career in catastrophe modeling. But he's hard-pressed ...
Zurich, Marsh McLennan Call for Public Partnerships to Close Cyber Gaps
A new report from Marsh McLennan and Zurich titled "Closing the cyber risk protection gap" is calling for a closer collaboration between the insurance industry and the public sector as cyber ...