LLOYDS
Sep 22, 2022 12:39 PM (EDT)
Lloyd’s is closely watching the effects of inflation, recession and geopolitical risks on the reinsurance market heading into the early 2023 renewal season, said its markets chief.
SPECIAL REPORT
Sep 20, 2022 08:30 AM (EDT)
A low number of large severity catastrophe events in Latin America in the past three years has benefited reinsurers operating in the region; however, according to a new AM Best report, pricing and claims costs are still pressuring the market.
Sep 21, 2022 05:22 PM (EDT)
AM Best expects insured losses from Hurricane Fiona in the countries hit hardest to date—Puerto Rico and the Dominican Republic—to be influenced by the duration of business interruptions due to power losses, but ultimately manageable for affected carriers.
MUTUAL INSURERS
Sep 23, 2022 10:24 AM (EDT)
Mutual insurers as a group remain dominant in some segments of the insurance market with a strong focus on personal lines. Historical factors and business patterns led to the concentration.
INSURTECH
Sep 23, 2022 03:58 PM (EDT)
Insurtech managing general agent Pie Insurance plans to transition to a full-stack carrier, deepen its workers’ compensation business and expand to at least one other commercial line in 2023 following a $315 million fundraise.
Sep 19, 2022 07:47 AM (EDT)
Fueled by premium growth, delegated underwriting authority enterprises (DUAE) are gaining a more prominent role with insurers when it comes to addressing more specialized coverage needs, according to an AM Best report.
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