Reinsurance News
Milliman
US P&C industry set for lowest net combined ratio in over a decade: Triple-I/Milliman
23rd January 2026
The US property & casualty (P&C) insurance industry is forecast to have its lowest net combined ratio (NCR) in over a decade for the full year 2025, despite the devastating California wildfires in Q1’25, supported by an Atlantic hurricane season that did not make landfall in the US. The findings are ... Read the full article
Competitive pension risk transfer cost dips to 100.1% during October
24th November 2025
The estimated cost for transferring retiree pension risk to an insurer saw a slight but significant decrease in October, to 100.1%, according to the latest figures from the Milliman Pension Buyout Index (MPBI). The estimated cost to transfer pension risk through a competitive bidding process declined from 100.5% to 100.1% of ... Read the full article
US P&C insurance underwriting profitability to persist in 2025: Triple-I and Milliman
10th October 2025
According to analysis from the Insurance Information Institute (Triple-I) and Milliman, the US property and casualty (P&C) insurance industry is set to expand more rapidly than the wider economy in 2025 and is projected to sustain underwriting profitability for a second consecutive year. The findings are based on Insurance Economics and ... Read the full article
Milliman reports July pension buyout trends, slight cost decline amid rising competitive gaps
26th August 2025
Milliman, Inc., a consulting and actuarial firm, has released the latest update from its Milliman Pension Buyout Index (MPBI). In July, the estimated cost of transferring retiree pension obligations to an insurer through competitive bidding edged down slightly, from 100.2% to 100.1% of a plan’s accumulated benefit obligation (ABO). This places the ... Read the full article
Competitive pension buyout costs decline in April 2025, Milliman reports
23rd May 2025
Milliman, Inc., a consulting and actuarial firm, has released its latest Milliman Pension Buyout Index (MPBI), revealing a meaningful reduction in the estimated cost of transferring retiree pension liabilities to insurers. According to Milliman’s April 2025 analysis, the cost of executing a pension risk transfer (PRT) through a competitive bidding process ... Read the full article
US P&C industry achieves best underwriting result in over a decade in 2024: Triple-I
16th May 2025
The Insurance Information Institute (Triple-I) reports that the US property & casualty (P&C) insurance industry achieved its strongest underwriting performance since 2013 in 2024. The net combined ratio (NCR) for the year stood at 96.6, representing a 5.1-point improvement from the previous year. These findings are presented in the latest Insurance Economics ... Read the full article
Milliman: Pension Buyout costs rose to 101.6% of liabilities in January 2025
4th March 2025
Milliman, Inc., a global consulting and actuarial firm, has published the latest findings from its Milliman Pension Buyout Index (MPBI). In January, the estimated cost to transfer retiree pension obligations to an insurer through a competitive bidding process rose from 101.4% to 101.6% of a plan’s accounting liabilities (accumulated benefit obligation, ... Read the full article
Milliman elects Bret Linton as Chair of the Board
3rd February 2025
Milliman, a global consulting and actuarial firm, has announced the election of Bret Linton as its next Chair of the Board. Linton will succeed Ken Mungan, who is completing a 10-year term as Chair. Linton brings extensive experience in leading global teams and working across both the employee benefits and management consulting ... Read the full article
September’s PRT costs increased from 100.8% to 101.7%: Milliman
22nd October 2024
Global consulting and actuarial firm Milliman has reported that the estimated retiree pension risk transfer (PRT) cost for September reached 101.7% of a plan’s accounting liabilities (accumulated benefit obligation, or ABO). In its latest Milliman Pension Buyout Index (MPBI), the firm outlines that the estimated cost to transfer retiree pension risk ... Read the full article
Hurricane Milton manageable for reinsurers, but a major event for Florida insurers: Milliman
15th October 2024
According to Milliman, a global consulting and actuarial firm, hurricane Milton is likely to be a manageable event for the reinsurance industry, but a major one for insurance carriers in the State of Florida and could even put some companies under surplus pressure. Late on Wednesday, October 9th, hurricane Milton made ... Read the full article
Triple-I & Milliman reveals US P&C H1’24 are underwriting results better than expected
11th October 2024
According to the latest forecasting report by the Insurance Information Institute (Triple-I) and collaborating partner, Milliman, the first-half economic and underwriting results for the US property and casualty (P&C) industry were better than expected. The report, Insurance Economics and Underwriting Projections: A Forward View discloses that the net combined ratio (NCR) ... Read the full article
Milliman’s Chair of the Board Ken Mungan to retire after 10-year term
27th September 2024
Milliman, a global consulting and actuarial firm, has announced that its Chair of the Board, Ken Mungan, will retire in early 2025 after completing a full 10-year, term-limited tenure. Mungan’s leadership has been marked by significant growth, expansion into new markets, and a strong commitment to the company’s mission. Dermot Corry, CEO ... Read the full article
Akur8 enhances its actuarial capabilities through Arius acquisition
9th September 2024
Akur8, the AI-driven insurance pricing solution, has acquired Arius, the property & casualty (P&C) reserving software for insurers and reinsurers, owned by Milliman. The Arius software helps insurers manage risk and improve financial performance through it's range of tools and methodologies. Arius reportedly has a strong presence in the United States and ... Read the full article
Milliman estimates PFAS remediation costs in US drinking water systems at $120-$175bn
13th August 2024
Milliman, a global consulting and actuarial firm, estimates that the total economic cost of remediating perfluoroalkyl and polyfluoroalkyl substances (PFAS) contamination in US drinking water systems will range from $120 billion to $175 billion. PFAS have been linked to serious health issues such as cancer, liver damage, and endocrine disruption, which ... Read the full article
P&C premium growth showing some promise, may see profitability in 2025: Triple-I/Milliman
12th July 2024
Favourable first-quarter economic and underwriting results for property & casualty (P&C) insurance are reportedly in line with projections that the sector will see a small underwriting loss in 2024, but achieve profitability in 2025, according to a new forecasting report from Insurance Information Institute (Triple-I) and Milliman, a collaborating partner. The report also ... Read the full article
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