A Near-Term Return to Underwriting Profit in Auto ‘Highly Unlikely’: AM Best December 6, 2022 Apparently nothing has changed within the last several months to change AM Best’s negative outlook on the U.S. personal lines...
‘Droves’ of Global Re Market Entrants Unlikely; Outlook Stable: AM Best December 2, 2022 Will 2023 reinsurance renewals mark a turning point to a “true hard market” that attracts “new capital in droves” and...
Private Flood Insurance Market Growing; NFIP ‘Adrift’: AM Best November 28, 2022 By Chad Hemenway Hurricane Ian may result in one of the largest losses in the history of the National Flood Insurance Program and...
AM Best: Trouble Around the Bend for Commercial Auto Insurers After Good 2021? October 12, 2022 By Chad Hemenway For the first time in many years the commercial auto insurance segment enjoyed a combined ratio below 100 in 2021,...
AM Best Lifts Negative Review Status, Affirms Credit Ratings of Aegis Security October 6, 2022 AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating (FSR) of B++ (Good)...
U.S. Homeowners Line ‘Stable’ but Weather Events Present Uncertainty: AM Best October 3, 2022 By Chad Hemenway A day after Hurricane Ian hit Florida as a Category 4 storm Sept. 28, AM Best released its scheduled market...
Hurricane Fiona Losses Depend on Business Interruption, Cause September 22, 2022 AM Best said it expects insured losses from Hurricane Fiona in Puerto Rico to be influenced by business interruption caused...
AM Best Viewpoint: The Value of MGAs in a Hardening Market September 20, 2022 By Myles Gould and Riley Parnum The heightened perception of risk stemming from cyber attacks, the climate, pandemics and even inflation are just a few of...
Outlook Negative: AM Best Revises U.S. Personal Lines as Auto Results Weaken September 9, 2022 By Chad Hemenway AM Best said it held the belief that the U.S. personal auto line would right the ship following weakening performance...
Record-High Direct Premiums Written for the U.S. Surplus Lines Segment in 2021 September 7, 2022 Total U.S. surplus lines direct premiums written (DPW) reached a record $82.6 billion in 2021, with momentum continuing through mid-year...