Reinsurance News
auto insurance
Stonybrook launches new Excess Hired and Non-Owned Auto insurance program
23rd February 2026
Stonybrook Capital and Stonybrook Risk Management, a specialist strategic advisory and reinsurance intermediary, have successfully placed and launched a new Excess Hired and Non-Owned Auto (HNOA) insurance program. With PT Edwards as the managing general agent (MGA), the program is underpinned by robust reinsurance support from Florida Insurance and Reinsurance Co ... Read the full article
Kin launches auto insurance for Florida and Texas customers
26th January 2026
Kin, a digital home and auto insurance provider, has launched an auto insurance for its Florida and Texas home insurance customers, a move that allows those living in two of the most volatile US insurance markets to bundle their policies, unlocking significant savings. The expansion is a direct response to the ... Read the full article
Florida homeowners to benefit from significant insurance premium reduction: Governor DeSantis
13th January 2026
Governor Ron DeSantis, the 46ᵀᴴ Governor of Florida, has announced statewide insurance rate relief for homeowners, with Citizens Property Insurance policyholders expected to see premium reductions beginning in Spring 2026 at policy renewal. The Executive Office of the Governor is responsible for overseeing state policy, administration, and public communications on behalf ... Read the full article
ADAS technology to have significant impact on auto insurance industry: Evercore ISI
7th October 2025
Advanced Driver-Assistance Systems (ADAS) are expected to have a significant impact on the auto insurance industry, driving near-term frequency changes to the sector, although, autonomous could have greater ramifications longer-term, according to a recent Evercore ISI. In a recent report, titled ‘US P&C Insurance: The ADAS Impact on Personal Auto Insurance’, ... Read the full article
US commercial auto insurance losses continue to mount: AM Best
26th September 2025
The overall property and casualty (P&C) industry continues to be negatively impacted by the US commercial auto insurance sector, having accumulated over $10 billion in net underwriting losses in the last two years, according to a new AM Best report. For the 14th consecutive year, the commercial auto insurance sector has ... Read the full article
Commercial auto insurance faces 13th year of underwriting losses in 2025: Conning
25th September 2025
Conning, an investment management firm that also provides insurance research and strategic insights, has released its latest study, 2025: Commercial Auto Insurance Market – Challenges and Opportunities. The report delivers a thorough assessment of one of the most consistently unprofitable segments in the property-casualty industry, focusing on financial strain, new exposures, ... Read the full article
US personal auto insurers maintain positive momentum into 2025: AM Best
16th September 2025
US personal auto insurers continued to show progress in the first half of 2025, as the segment’s direct loss ratio declined for the second year in a row, according to a new AM Best report, with the results suggesting that the strong recovery seen in 2024 is extending into this ... Read the full article
US motor insurance faces rate deceleration & inflation challenges in 2025: Swiss Re
2nd May 2025
The outlook for the US motor insurance market in 2025 suggests rate deceleration in Personal Auto due to increased competition, alongside sustained social inflation challenges for Commercial Auto, according to Craig Nelson, Senior Treaty Underwriter & Manager, CUO P&C Reinsurance at Swiss Re. In a recent report, Nelson noted that after ... Read the full article
Insurers to navigate any challenges arising from new tariffs: KBW
3rd April 2025
Analysts at KBW have indicated that insurers should be able to navigate any challenges arising from the recently announced U.S. tariffs, with industry players likely having ample time to request rate increases, which state regulators are generally expected to approve. In what U.S. President Donald Trump described as the beginning of ... Read the full article
Howden launches new follow-form platform combining tracker & algorithmic capacity
2nd April 2025
Global insurance and reinsurance broker Howden has announced the launch of Howden Auto Tracker, a new automated follow-form facility that combines tracker capacity and connected algorithmic capacity, giving brokers direct access to both from the same data source. “This market first is unique to Howden and reflects its commitment to putting ... Read the full article
Prolonged US tariffs expected to impact insurers’ loss costs, says AM Best
20th March 2025
AM Best, a credit rating agency focused on the insurance industry, has warned that the planned imposition of a 25% tariff on imports from Canada and Mexico, along with increased tariffs on China, is likely to negatively affect the insurance industry, particularly in the US homeowners’ and auto insurance sectors. According ... Read the full article
Waymo shows 90% fewer claims than advanced human-driven vehicles: Swiss Re
24th December 2024
According to a recent Swiss Re study, the Waymo Driver is safer than both the general driving population and the latest human-driven vehicles equipped with advanced driver assistance systems (ADAS). The study compared Waymo’s liability claims to benchmarks for human drivers, using Swiss Re’s data from over 500,000 claims and 200 ... Read the full article
US nonstandard auto insurance manages to squeeze small profit in H1’24, AM Best
13th December 2024
According to AM Best, the global credit ratings agency, the US nonstandard auto insurance segment has posted a slight profit for the first half of 2024, following two years of unprofitable but improving results. A new report released by the agency states that the results of the companies that comprise AM ... Read the full article
AM Best revises outlook for US private passenger auto insurance to stable
2nd December 2024
According to a new AM Best report, a global credit rating agency, underwriting results in the US private passenger auto insurance sector have continued to stabilise in the first half of 2024, following improvements in 2023. As a result of the stronger segment performance and other contributing factors, AM Best has ... Read the full article
Carrot acquires exclusive behavioural-based insurance use in auto
6th August 2024
Carrot General Insurance, the Korean digital insurance firm, has acquired the exclusive right to use for behavioural-based insurance (BBI) for six months from the General Insurance Association of Korea. It's important to stress how significant this is, as it marks the first time in over four years that an exclusive right ... Read the full article
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