am best mutual insurers News

Mutual Insurers Chase Rate Adequacy, Financial Strength Remains Strong: AM Best

The U.S. property/casualty mutual segment has leaned on investment income to maintain strong overall financial performance and grow surplus in the face of underwriting volatility and severe weather-related activity, according to an AM Best report. To combat underwriting losses and …

P/C Mutual Insurers Continued to Grow Premiums in 2020 Despite Givebacks

U.S. P/C mutual insurance companies held their own in 2020 despite returning significant levels of premiums during the pandemic. In fact, net premiums written grew by 1.4 percent even with all the givebacks, according to a new AM Best report. …

P/C Mutual Insurers Improved Underwriting in 2019; Top 10 Hold 72% of Market: AM Best

Despite a highly competitive property/casualty insurance industry and pressures on operating performance, U.S. mutual insurance companies reported continued improvement in underwriting performance in 2019 and managed to grow surplus. According to the AM Best Market Segment Report, “U.S. Mutuals’ Strong …