Jean-Jacques Henchoz, CEO of global reinsurer Hannover Re, has suggested that the stable outlook for the P&C market is set to continue, given there are no significant new entrants in the space.
Tag: P&C market
D&O, Cyber Rates Dropped in Q2, and Commercial Auto Average Increases Ticked Back Up
Stabilization of some parts of the commercial property/casualty insurance market continued apace in the second quarter of 2023, with an “oversupply” of capacity in the directors and officers liability sector, lower rates in cyber, and chance to save some money in the workers compensation market, according to a market update from Woodruff Sawyer.
AM Best: U.S. P/C Industry Shows Considerable Resilience Despite Continuing Challenges
Weather-related losses continued for the U.S. property & casualty (P/C) insurance segment in 2022, putting pressure on financial results in a year that also saw a 40-year high for inflation and the second-costliest catastrophe event on record, according to an AM Best report
USAA Forays into Small Business Insurance Market
USAA, a property-casualty insurer in the US, has announced its entry into the small business insurance market amid increasing demand. The company, which used to offer small business insurance through unaffiliated insurance companies for 30 years, will now offer its own product. Currently, the USAA small business insurance product is available in five states – Arizona, Colorado, Illinois, South Carolina and… Continue reading USAA Forays into Small Business Insurance Market