The U.S. property and casualty (P&C) sector’s net underwriting income for the first nine months of 2019 increased 13% on the same period last year, while the industry’s combined ratio weakened slightly from the prior year period, according to analysis by A.M. Best. The nine-month data is derived from companies’ nine-month 2019 interim statutory statements… Continue reading US P&C Sector’s Underwriting Income Up 13% in 2019: AM Best
Tag: AM Best
U.S. P/C Insurers Replace Higher Cost Debt with Lower Cost Alternatives: AM Best
U.S. property/casualty (P/C) insurance and reinsurance companies are using low interest rates to extend their debt maturity profiles and replace higher cost debt with often significantly lower cost alternatives, according to an AM Best report. A new Best’s Special Report, titled, “Property/Casualty Companies Replace Higher Cost Debt With Lower Cost Alternatives,” states that P/C (re)insurers… Continue reading U.S. P/C Insurers Replace Higher Cost Debt with Lower Cost Alternatives: AM Best
Surplus Lines Insurers Achieve Impressive Growth, Improve Operating Profitability
The surplus lines market nearly doubled its pace of premium growth in 2018, driven by a healthy U.S. economy and new investments in operating platforms, according to a new AM Best report. The Best’s Market Segment Report, “Surplus Lines Insurers Achieve Impressive Growth, Improve Operating Profitability,” notes that this specialty insurance segment grew 11.2% last… Continue reading Surplus Lines Insurers Achieve Impressive Growth, Improve Operating Profitability
More Favorable Pricing Permeates Global Reinsurance Industry, But Is It Sustainable?
The global reinsurance market as a whole has exhibited more underwriting control as evidenced by a holding back of capacity at the midyear 2019 renewals; however, questions remain over the sustainability of this newfound discipline, according to a new AM Best report. The new Best’s Market Segment Report, “Global Reinsurance: Fighting the Last War,” notes… Continue reading More Favorable Pricing Permeates Global Reinsurance Industry, But Is It Sustainable?
U.S. Property/Casualty Industry’s Net Income Increased 69% in 2018
The year-end statutory filings for the U.S. property/casualty (P/C) industry showed a year-over-year 69% increase in net income to $59.2 billion in 2019, owing to lower losses from catastrophic events, favorable development of prior years’ loss reserves and higher net investment income, according to an AM Best special report. The new Best’s Special Report, titled,… Continue reading U.S. Property/Casualty Industry’s Net Income Increased 69% in 2018