Insured losses in Florida related to Hurricane Idalia are unlikely to surpass those from Hurricane Ian last year given the storm’s path across the more sparsely populated Big Bend region, which has lower insured values than other coastal areas, according to a new AM Best special report.
Tag: AM Best
Market Fundamentals Drive Growing Demand for Health Reinsurance: AM Best
The demand for health reinsurance solutions in the United States and globally continues to grow amid expensive new treatments and therapies, as well as pressure on capital associated with government business, according to a new AM Best report.
Munich Re Remains World’s Largest Reinsurer in AM Best’s Top 50 Ranking
Munich Reinsurance Company holds onto the top spot in AM Best’s annual ranking of the Top 50 Global Reinsurance groups in 2022, followed again by Swiss Re Ltd.
Captive Growth Continues as Captives Outperform Commercial Market
Captive insurance companies rated by A.M. Best posted strong results for 2022, once again outperforming commercial insurers, as captive use continues to grow and broaden in response to the hard market, panelists on an A.M. Best briefing said Friday.
Best’s Market Segment Report: Workers’ Comp Remains a Profit Engine for P/C Industry
Workers’ compensation insurers’ underwriting results continued to outpace the rest of the U.S. property/casualty (P/C) commercial sector in 2022, as they benefited from the long-term decline in workplace accidents and a reduction in fraudulent claims, according to a new AM Best report.
Hard Market Cycle in U.S. Cyber Insurance Segment Brings Return to Profitability
The U.S. cyber insurance market continued strong growth in 2022, with direct premium increasing by 50% to $7.2 billion and improving loss ratios given greater attention to underwriting discipline, according to a new AM Best report.
U.S. P/C Insurers Record Q1 $8.2B Underwriting Loss: AM Best
The U.S. property/casualty insurance industry posted an $8.2 billion net underwriting loss for the first three months of 2023, an $11.6 billion swing from the first quarter of 2022, according to research from AM Best.
Premium Growth in Delegated Underwriting Authority Enterprise Market Continued Double-Digit Growth Rate in 2022
Direct premium flowing through the Delegated Underwriting Authority Enterprises (DUAE) market in the United States continued its significant growth rate in 2022, increasing by 13.8% to $67.6 billion, according to a new report from AM Best.
U.S. P&C Industry Suffers $26.5B Underwriting Loss in 2022
The U.S. property/casualty (P/C) industry recorded a $26.5 billion net underwriting loss in 2022, a slide of $21.5 billion from the prior year’s underwriting loss, according to a new AM Best report.
AM Best: Results May Not Justify the ‘Optimism’ on D&O Pricing
Recent rate softening in the directors and officers (D&O) liability line may result in an insufficient premium base in the months ahead, AM Best wrote in a new commentary.