Mar 22, 2023 12:03 PM (EDT)
Natural catastrophe insured losses hit $125 billion in 2022, led by the devastation of Hurricane Ian and fed by inflation that for the past two years increased the value of insurable assets, according to Swiss Re.
Mar 20, 2023 07:52 AM (EDT)
Losses stemming from Hurricane Ian, following several years of heightened catastrophe losses, have solidified the arrival of a hard market and dampened the influx of new capital from insurance-linked securities investors, according to a new Best's Market Segment Report.
Mar 22, 2023 07:54 AM (EDT)
The U.S. property/casualty industry recorded a $26.5 billion net underwriting loss in 2022, a slide of $21.5 billion from the prior year’s underwriting loss, according to a new AM Best report.
Mar 16, 2023 08:28 AM (EDT)
The slower pace of rate increases and cutbacks in capacity highlight how the cyber liability insurance market may be starting to cool, even as another high-water mark for premiums is likely in 2022, according to a new AM Best Commentary.
Mar 23, 2023 11:20 AM (EDT)
Solutions to address cyber systemic risks are needed, said AM Best Senior Director, Industry Research and Public Relations Sridhar Manyem, and Senior Industry Analyst Christopher Graham.
Mar 23, 2023 01:14 PM (EDT)
Hurricane Ian and the Ukraine war topped a year of higher large losses in 2022 but Lloyd’s saw strong underwriting gains while the current banking turmoil may trigger directors and officers liability claims, said its chairman.
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