AM Best News
AM Best Revises Outlook for U.S. Personal Lines Insurance Segment to ‘Stable’
AM Best has revised its outlook to stable from negative for the U.S. personal lines insurance segment for 2025, citing improved rate and pricing conditions, particularly in the auto insurance space, ...
AM Best Improves Outlook on U.S. Personal Auto Segment to ‘Stable’
Insurance rating agency AM Best said it has shifted its outlook of the U.S. personal auto insurance segment to stable from negative thanks to improving loss ratios of the top 20 carriers this year. ...
Deterioration Continues in U.S. Commercial Auto Insurance Segment After $5B Net Loss in 2023
After the U.S. commercial auto insurance segment sustained a $5 billion net loss in 2023, a new Best's Market Segment Report indicates further deterioration in the first half of 2024. Despite ...
Global Reinsurers’ ROE Jumps to 22% in 2023, but Market Softening Unlikely: AM Best
AM Best's population of global reinsurance companies posted a return on equity (ROE) of 22 percent in 2023 – a five-year high that was driven mainly by favorable investment income and strong ...
Stable Outlook for Canada’s P/C Insurers as Weather-Related Losses Fuel Volatility: AM Best
Though Canada's property/casualty (P/C) insurers faced average catastrophe activity during the first half of 2024, four major events in this year's third quarter should lead to another record year ...
Small Track Changes Drive $70B+ Swing in Milton Insured Loss Estimates
Insured losses from Hurricane Milton could sit anywhere within a $70-plus-billion range extending from $9 billion to $85 billion, experts from CoreLogic said yesterday afternoon, at least nine hours ...
Insurers See Decline in Private Equity Income Despite Investing More: AM Best
Despite increasing private equity investments, U.S. insurers experienced a second straight year of declining income on those investments, which dropped to $7.7 billion in 2023, down from $10.2 ...
Gillard Named President of AM Best Rating Services, Succeeding Mosher
AM Best, headquartered in Oldwick, New Jersey, named James A. Gillard Jr. as president of A.M. Best Rating Services, Inc., succeeding Matthew C. Mosher. Mosher is retiring as president and CEO, ...