Hong Kong’s Floods to Hit Insurers’ Earnings, Could Pressure Reinsurance Renewals September 18, 2023 The recent devastating floods following Super Typhoon Saola in Hong Kong and other parts of China may add further pressure...
AM Best Revises US Homeowners Insurance Segment to Negative as Losses Persist September 18, 2023 The U.S. homeowners insurance segment has been hit with three consecutive years of net underwriting losses as a result of...
Study: Top Priorities for New York Job Seekers and Businesses September 15, 2023 Flexibility in their job is the number one priority for employees, while attracting new employees and retaining current workers remain...
Global Companies to Increase Security Spending as Threats Rise: Survey September 13, 2023 By Kate Holton Almost half of security chiefs at the world’s biggest companies expect to increase their budgets significantly in the next year...
How Reinsurers Can Win in the Game of Volatility September 12, 2023 By L.S. Howard Executive summary: Reinsurance underwriting is all about finding equilibrium between reinsurers’ reason for being—reducing the volatility of cedents earnings—and producing...
World’s Largest Ports May Be Unusable by 2050 Without More Climate Action: Report September 11, 2023 By Jonathan Saul Some of the world’s largest ports may be unusable by 2050 as rising sea levels hit operations, and efforts to...
P/C Insurers Set to Significantly Improve Profitability Even as Claims Rise: Study September 11, 2023 Non-life insurers are set to significantly improve their profitability in the next few years as investment returns from higher rates...
MGAs and Fronting Companies: Exploring the New ‘Asset-Light’ Frontier September 11, 2023 Premiums underwritten by U.S. managing general agencies not affiliated with insurance companies reached $33 billion in 2022, and fronting companies...
Reinsurance Rates to Rise in 2024, Soften in 2025: Fitch September 8, 2023 Reinsurance rates are likely to continue to rise in 2024, though at a slower pace than in 2023, and prices...
Reinsurers’ Performance Keeps Improving on Underwriting Profits, ROE: Gallagher Re September 6, 2023 By L.S. Howard Reinsurers reported “a robust increase” in their capital base, improved underwriting profits as well as higher returns on equity and...