Industry News
Lloyd’s Reports Combined Ratio of 92.5 on Drop in H1 Underwriting Result
Lloyd's first-half underwriting result dropped by half to £1.5 billion ($2.0 billion) from £3.1 billion ($4.2 billion) in H1 2024, which was driven primarily by claims from January's California ...
‘Double-Edged Sword’: S&P Scrutinizes Reinsurer Reliance on MGAs
Reinsurers that rely too heavily on managing general agents to access specialized underwriting expertise and distribution are facing scrutiny from analysts at S&P Global Ratings as the market ...
Florida Fines $2M Against 8 Insurers for Past Hurricane Claims Misconduct
The Florida Office of Insurance Regulation (OIR) announced penalties amounting to $2,075,000 against eight insurers, which it said mishandled claims in the wake of Hurricanes Ian and Idalia. In 2025, ...
Neptune Insurance Files for US Listing as IPO Window Reopens
Flood insurance provider Neptune filed for a U.S. initial public offering on Wednesday, becoming the latest company to tap into renewed investor demand as easing tariff concerns and strong markets ...
Volatile Casualty Cat Market Offers $5B Opportunity for Reinsurers: Report
Emerging risks and mass litigation are just a few of the factors driving rapid transformation in the casualty catastrophe market, according to a joint report by Moody's insurance solutions and Aon. ...
Fitch Revises Global Reinsurance Sector Outlook to ‘Deteriorating’ on Rising Competition
Fitch Ratings has revised its outlook for the global reinsurance sector to "deteriorating" for 2026 from "neutral" for 2025, reflecting its expectation that underlying operational and business ...
U.S. P/C Insurance Industry First-Half Underwriting Profit Triples
The U.S. property/casualty insurance industry recorded a net underwriting gain of $11.5 billion and net income of $49.1 billion for the first half of 2025, according to a new report. "The lack of any ...
Insurers Face Average Annual Loss of $152B From Natural Catastrophes: Verisk
Verisk estimates that the global insured average annual property loss (AAL) from natural catastrophes has risen to $152 billion, with two-thirds of potential losses coming from frequency perils such ...