Reinsurers to Bear Brunt of Australia Flood Claims: AM Best April 5, 2022 The majority of gross losses from recent devastating flooding in Australia likely will be borne by reinsurers with limited impact...
UK Personal Lines Insurers Adjust to New Pricing Rules. Is Premium Volatility Ahead? January 6, 2022 By L.S. Howard UK insurers are adjusting to new pricing rules for personal motor and household premiums, which could bring some pricing volatility...
Rising Reinsurance Prices and Demand Help to Create Stable Sector Outlook: AM Best December 9, 2021 AM Best is maintaining a stable market segment outlook for the global reinsurance segment, citing in part the ongoing positive...
As COVID Spread, European P/C Insurers Took Hits but Remained Resilient: AM Best November 29, 2021 European property/casualty insurers faced a dip in total average gross written premium and after-tax profit in 2020, but their regulatory...
Global Minimum Tax Proposal Could Create Double Taxation for Some Insurers: AM Best October 27, 2021 Given the accounting differences for global insurance companies in different jurisdictions, a new global minimum tax on certain multinational companies...
AM Best Maintains Negative Outlook on UK Non-Life Insurance Market April 9, 2021 AM Best is maintaining a negative market segment outlook on the United Kingdom non-life insurance segment, citing economic uncertainty as...
P/C Insurers Improved Profitability in Year of Coronavirus: AM Best March 12, 2021 Despite the COVID-19 pandemic, the U.S. property/casualty (P/C) industry improved its overall profitability in 2020, with a 68% increase in...
Repair Your Damaged Reputations, AM Best Tells UK Insurers February 2, 2021 While most of the COVID-related problems that plagued UK commercial property insurers will abate after the March anniversary of lockdowns,...
COVID-19 Crisis Renews Attention on Systemic (Uninsurable) Risks September 30, 2020 By L.S. Howard Reinsurers and insurers for years have been worried about systemic risks – those uninsurable risks with the potential of surpassing...
After Beirut Port Explosion, AM Best Comments on Potential Insurance Exposures August 6, 2020 The devastating explosion at the Beirut’s port on Tuesday, Aug. 4 caused many casualties and considerable damage, but local insurance...