Global Election Super-Cycle Raises Risk of Political Violence, Large Insurance Losses April 11, 2024 By L.S. Howard Almost half the world’s population will go to the polls before the end of 2024, which raises the threat of...
Inflation Contributes to Rising Loss Costs for US Commercial P/C Insurers: Fitch April 9, 2024 By L.S. Howard Inflation is bringing rising loss costs for US commercial property/casualty insurers, according to Fitch Ratings, which reviewed reports from three...
Arch Insurance to Buy Allianz’s U.S. MidCorp & Entertainment Insurance Businesses April 5, 2024 By L.S. Howard Arch Insurance North America, part of Bermuda’s Arch Capital Group Ltd., announced it has entered into an agreement to acquire...
US D&O Insurance Segment’s Improved Results Unlikely to Be Sustainable: Fitch April 4, 2024 By L.S. Howard The U.S. directors and officers (D&O) liability insurance segment’s strong underwriting profit of 2023 is unlikely to be sustainable, according...
Lloyd’s Reports Banner Year in 2023 but “Disciplined Underwriting” Must Be Maintained April 1, 2024 By L.S. Howard The strong 2023 results at Lloyd’s reaffirm the primacy of underwriting, “but it’s one year and therefore not a reason...
The New Norm? Global Insured Losses for Nat Cats Keep Breaking Records: Swiss Re March 26, 2024 By L.S. Howard Global insured losses from natural catastrophes in 2023 totaled $108 billion, exceeding US$100 billion for the fourth consecutive year –...
Update: James River Files Suit Against Fleming for Failing to Close Purchase of JRG Re March 11, 2024 By L.S. Howard James River Group Holdings Ltd. announced it has filed a lawsuit against Fleming Intermediate Holdings for its failure to complete...
Lloyd’s Reports Banner Year in 2023 but ‘Disciplined Underwriting’ Must Be Maintained March 11, 2024 By L.S. Howard Lloyd’s strong 2023 results reaffirm the primacy of underwriting, “but it’s one year and therefore not a reason for complacency,”...
Casualty Reinsurance Renewals See Modest Price Hikes Despite Social Inflation: AM Best March 4, 2024 By L.S. Howard Reinsurers in general maintained adequate capacity for casualty programs, despite concerns about social inflation and some recent reserve strengthening actions,...
P&I Clubs Raise Renewal Prices to Keep Up With Claims Inflation: AM Best February 21, 2024 By L.S. Howard Protection and Indemnity (P&I) clubs sought further price improvements at the February 2024 renewals in order to keep up with...