The U.S. surplus lines market experienced double-digit premium growth for a second straight year in 2019, driven by hardening market conditions and the growing complexity of risks sparked by new technologies in different industries, according to a new AM Best report. The Best’s Market Segment Report, “Expanding Opportunities Bolster Surplus Lines Growth and Operating Results,”… Continue reading Expanding Opportunities Bolster U.S. Surplus Lines’ Growth and Operating Results: AM Best
Tag: hardening market
Reinsurance Capacity Down at Political Risk Renewals: Willis Re
A decline in reinsurance capacity has helped to trigger price hardening in some quarters of the political risk and trade credit market at the January renewals, according Willis Re. The broker noted that, while there remains an abundance of headline insurance capacity in the political risk space, actual capacity is down due to a number… Continue reading Reinsurance Capacity Down at Political Risk Renewals: Willis Re