The collapse of the cryptocurrency exchange FTX highlights the importance of effective corporate governance, according to a new AM Best commentary.
Tag: AM Best
AM Best Maintains Stable Outlook on Commercial Lines Insurance Segment
AM Best has kept its market segment outlook for the commercial lines segment in the United States stable.
AM Best Maintains Negative Outlook on Personal Lines Insurance Segment
AM Best maintains its negative market segment outlook for the U.S. personal lines insurance segment for 2023.
AM Best: U.S. P/C Industry Recorded a $24.3B Underwriting Loss in First 9 Months
The U.S. property/casualty (P/C) industry recorded a $24.3 billion net underwriting loss in the first nine months of 2022, nearly quadrupling the loss total recorded in the same prior year period, according to a new AM Best special report.
Homeowners Segment Well Capitalized but Weather Events Pose Significant Uncertainty: AM Best
The homeowners insurance segment in the United States has generated operating profits in three of the last five years, with a net profit of nearly $2.5 billion expected in 2021. However, according to a new AM Best report, the segment could face challenges, with Hurricane Ian affecting 2022 results. “U.S. Homeowners Line Well Capitalized but… Continue reading Homeowners Segment Well Capitalized but Weather Events Pose Significant Uncertainty: AM Best
D&O Market Had Its Best Year Since 2014, But Faces Headwinds: AM Best
According to a recent AM Best report, last year was the most profitable for the directors and officers (D&O) liability insurance market since 2014, but it may not reflect the challenges that lie ahead for the product line. Double-digit price increases through 2021 fueled D&O insurers’ top-line premium growth, which is expected to remain near… Continue reading D&O Market Had Its Best Year Since 2014, But Faces Headwinds: AM Best
P&C Insurers Post Strong Gains in 2021 Despite Near-Record Catastrophe Losses
Net income for publicly traded U.S. property/casualty (P/C) insurers, according to an AM Best report, more than doubled to $133.9 billion in 2021, despite numerous weather-related natural disasters, investment market volatility, and the lingering economic effects of the COVID-19 pandemic. According to AM Best’s new Best’s Special Report, “Despite Near-Record Catastrophe Losses, U.S. Property/Casualty Insurers Post… Continue reading P&C Insurers Post Strong Gains in 2021 Despite Near-Record Catastrophe Losses
AM Best: Cat Loss Experience Remained Significant in 2021
Despite another year of record catastrophe bond issuance, the global insurance-linked securities (ILS) market remains burdened with prior catastrophe losses, a decline in assets under management for some prominent ILS funds, and a drop in overall performance of ILS funds, according to AM Best analysts. that 2021 saw significant catastrophe loss experiences, while secondary peril… Continue reading AM Best: Cat Loss Experience Remained Significant in 2021
Secondary Perils Taking an Increasingly Larger Share of U.S. Catastrophe Losses
According to an AM Best commentary, secondary peril events are becoming more impactful and generating an increasing amount of insured losses, affecting the bottom lines of personal and commercial lines property underwriters. A new Best’s Commentary, titled, “Secondary Perils Increasingly Responsible for Largest U.S. Catastrophes,” notes that although the trends of more frequent and harmful… Continue reading Secondary Perils Taking an Increasingly Larger Share of U.S. Catastrophe Losses
New Infrastructure Law Expected to Boost U.S. Surety Market: AM Best
The recently enacted $1.2 trillion U.S. infrastructure package is expected to result in more business opportunities for surety companies given the new and sizable investments that the transportation and energy sectors will see, according to a new AM Best report. The new law includes $550 billion in new spending on infrastructure over the next five… Continue reading New Infrastructure Law Expected to Boost U.S. Surety Market: AM Best