Industry News
P/C Insurers Record $9.3B Q12024 Underwriting Gain: AM Best
The U.S. property/casualty industry recorded a $9.3 billion net underwriting gain in the first three months of 2024, according to a recently published AM Best report. The gain marks a reversal of an ...
U.S. Auto Insurance Market on the Mend; Homeowners Line Volatile: Fitch
The U.S. personal insurance sector is positioned for improving underwriting performance in 2024. According to Fitch's latest U.S. Personal Lines Market Update, the change is predicted amid signs that ...
AM Best Ups Reinsurance Outlook to Positive
Decelerating reinsurance rate increases aren't a worry for AM Best analysts who have revised the global reinsurance segment outlook to positive from stable, citing "robust profit margins" as a driver ...
Insurers Plan to Invest More in the Private Credit Market
Global insurers plan to invest further in the coming years in the growing but opaque private credit market, according to a new report by Moody's Ratings. In a survey this week of the world's largest ...
Liability Reinsurance Crisis Could Be Looming, CEO Says
"There could be a liability crisis in reinsurance in a couple of years," a reinsurance executive predicted this week. Ken Brandt, chair, president and chief executive officer of TransRe, offered the ...
The Latest Launches from Liberty Mutual, Corvus
Liberty Mutual launched an organization dedicated to the life sciences industry and appointed Tory Agnich as chief underwriting officer of Middle Market Life Sciences. Liberty Mutual's Middle Market ...
CNA’s Worman to Take the Helm in 2025
CNA Financial Corporation announced that Doug Worman will become president and chief executive officer of the company as of Jan. 1, 2025. Dino E. Robusto, the current chairman and CEO, will ...
AI Large Language Models Not Leaving Chubb’s Greenberg ‘Breathless’
Revealing that Chubb has its own version of ChatGPT and an app store that delivers copilots to different functions of the company, CEO Evan Greenberg said he recognizes the power of AI—but he's ...