Tag: reinsurance

The Future of Fronting Companies in Property-Casualty Insurance: Part 2

what's ahead for fronting insurance companies

Fronting companies in the property-casualty industry serve as intermediaries, enabling insurance companies to access otherwise inaccessible markets. They serve as a platform for insurance programs, managing policy issuance and claims administration. They often find market distribution sources in the Program Business Storefront Directory.

Navigating the Hard Market for Reinsurance

Navigating the hard reinsurance market

As 2023 drew near, the reinsurance market entered a challenging phase characterized by significant rate increases and a more cautious approach to risk. Reinsurance is insurance for carriers. And, when reinsurance rates fluctuate, they impact distribution channels on all sides, as seen in robust marketplaces such as the Program Business Storefront Directory. 

Tx Regulators Place Porch’s Insurance Subsidiary Under Supervision Amid Vesttoo Fallout

Vesttoo fraudulent LOCs

Fallout from the bankruptcy of reinsurer Vesttoo Ltd. in the wake of fraud allegations are rippling through the insurance industry, with Porch Group announcing Tuesday that its insurance subsidiary, Homeowners of America Insurance Company, has been placed under temporary supervision by Texas regulators.

Best’s Market Segment Report: Europe’s Big Four Reinsurers Benefit from Hard Market Conditions

P&C underwriting performance improves except Person Lines

Heightened demand and higher prices contributed to a 6% increase in net premiums written in 2022 (when measured in USD) by Europe’s Big Four reinsurance groups—Munich Re, Hannover Re, Swiss Re and SCOR—according to a new AM Best report.