As E&S Market Growth Hits New Heights, Some Risk May Be There to Stay: AM Best September 24, 2024 By Chad Hemenway In 2023 the U.S. surplus lines market for the first time surpassed the $100 billion mark in direct premiums written,...
Mutual Insurers Chase Rate Adequacy, Financial Strength Remains Strong: AM Best September 20, 2024 By Ezra Amacher The U.S. property/casualty mutual segment has leaned on investment income to maintain strong overall financial performance and grow surplus in...
Personal Lines Turnaround Fuels US P/C Industry Underwriting Gain September 17, 2024 A turnaround in the personal lines insurance segment results was a key driver of an overall $3.8 billion profit from...
AM Best: Unfavorable Operating Performance Key Driver of Downgrades September 11, 2024 Deteriorating market conditions and rising loss costs led to a 60 percent increase in rating downgrades of AM Best-rated U.S.-based...
AM Best Places Credit Ratings of Oregon Mutual Group Members Under Review September 11, 2024 AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer...
Viewpoint: CrowdStrike Failure Highlights Potential Aggregation Risks for Reinsurers September 10, 2024 By Christopher Graham The unique, evolving and often volatile nature of cyber risks has always lurked beneath the surface as the cyber insurance...
SEC’s WhatsApp Probe Expands as Rating Agencies Hit With Fines September 4, 2024 By Lydia Beyoud Moody’s Corp., S&P Global Inc. and Fitch Ratings Inc. will pay a combined $48 million over allegations that the credit-rating...
Munich Re and Swiss Re Both Top List of 2023’s Largest Reinsurers August 30, 2024 By L.S. Howard Munich Re tops the list of the world’s 50 largest reinsurers that use IFRS 17 reporting standards, while Swiss Re...
AM Best Assigns Issue Credit Rating to Church Mutual’s Surplus Notes August 26, 2024 AM Best said it has assigned and placed under review with negative implications a Long-Term Issue Credit Rating of bbb+...
Puerto Rico Insurers to Absorb Hurricane Ernesto Losses: AM Best August 21, 2024 Losses in Puerto Rico from Hurricane Ernesto are expected to be absorbed by the island’s domiciled insurers, according to industry...