Reinsurance News
property and casualty
Property and casualty insurance and reinsurance news, covering the P&C sector of the global marketplace.
P&C profitability nears peak amid rising competition and strong balance sheets, says Moody’s
30th March 2026
According to Moody's Ratings, a provider of credit ratings and risk analysis, profitability in the property and casualty (P&C) reinsurance sector appears to have reached its peak as competition intensifies across all lines of business. Moody’s reports that in 2025, the combined ratio of four major European reinsurers, Hannover Re, Munich ... Read the full article
US P&C industry achieved higher underwriting profit in 2025: AM Best
24th March 2026
The US property and casualty (P&C) industry recorded a $60.9 billion net underwriting gain in 2025, a significant increase from the $22.1 billion gain generated in the previous year, reports AM Best. According to the global rating agency's First Look: 2025 US Property/Casualty Financial Results, these improved results were driven by ... Read the full article
Withdrawal of Persian Gulf war risk cover viewed as credit negative for exposed US marine insurers: Fitch
13th March 2026
Fitch Ratings, the international credit rating agency, said the withdrawal of hull war risk marine insurance coverage in the Persian Gulf is expected to be credit negative for US property and casualty insurers with significant exposure to Gulf shipping routes. Fitch notes that the move is likely to have broadly neutral ... Read the full article
AM Best reports decline in US P&C insurer impairments in 2024
11th March 2026
Only one US property and casualty (P&C) insurer was recorded as impaired in 2024, a notable reduction from the 13 impairments reported a year earlier, according to credit rating agency AM Best. AM Best outlines the findings in its report, 2024 US P&C Impairments Update. According to AM Best, the sole ... Read the full article
SCOR will ‘cautiously try to expand’ NA nat cat portfolio if prices remain adequate: CEO Léger
6th March 2026
Global Paris-headquartered reinsurance company SCOR is eager to expand its North America (NA) natural catastrophe (nat cat) portfolio so long as pricing remains adequate, Thierry Léger, Chief Executive Officer, said on the firm’s media call earlier this week. SCOR delivered a strong performance in the fourth quarter and full year ... Read the full article
Commercial insurers best positioned to benefit from AI in P&C sector: Goldman Sachs
6th March 2026
Goldman Sachs, an investment bank and financial services company, has published an analysis exploring how artificial intelligence could influence the property and casualty (P&C) insurance sector. In the report, Goldman Sachs says it has developed what it describes as "an initial framework to assess the impact of AI across P&C insurance ... Read the full article
Universal advances 2026 reinsurance programme amid Florida market confidence
26th February 2026
Universal Insurance Holdings, the parent company of Florida-focused personal residential insurer Universal Property & Casualty Insurance Company, is taking a proactive approach to secure its catastrophe coverage for the coming years, reflecting a strong capital position and confidence in market conditions. Chief Executive Officer Stephen J. Donaghy said the company is ... Read the full article
US P&C industry sees decade-high performance in 2025, AM Best reports
24th February 2026
The United States property and casualty (P&C) insurance sector recorded its strongest performance in ten years in 2025, driven by disciplined underwriting, robust pricing and investment gains, despite ongoing pressures from claim costs and liability exposure, according to credit rating agency AM Best. In its annual Review & Preview Best’s Market ... Read the full article
Nordic P&C insurers achieve strong underwriting results in 2025, growth set to moderate: Moody’s
23rd February 2026
Moody’s Investors Service, the international credit rating agency and provider of financial research, highlights that the eight leading Nordic property and casualty (P&C) insurers reported outstanding underwriting results in 2025. The sector’s average combined ratio, which represents claims and operating costs as a proportion of insurance revenue, declined to 84.8% from ... Read the full article
Swiss Re appoints Anne Lohbeck as Chief Risk Officer for P&C Re
18th February 2026
Zurich-domiciled global reinsurance company Swiss Re has appointed Anne Lohbeck as Chief Risk Officer for P&C Re, effective 1st May 2026. Lohbeck will report to Bernhard Kaufmann, Group Chief Risk Officer, and join the Risk Management Executive Team as well as the P&C Re Executive Committee. In this role, she will be ... Read the full article
Everspan names new President and General Counsel to support growth
11th February 2026
Everspan Group, a specialty property and casualty insurance platform and wholly owned subsidiary of Octave Specialty Group, Inc., has announced two leadership appointments designed to advance the company’s next stage of expansion. Darwin Lucas has stepped into the role of President, succeeding Steve Dresner. Nicole Crowley has also been appointed General ... Read the full article
US casualty pricing expected to diverge amid softening P&C landscape: Morningstar DBRS
5th February 2026
As the US commercial property and casualty (P&C) insurance market is experiencing significant softening across most sectors, as of Q3 2025, US casualty lines remain an exception, with rates continuing to rise, Morningstar DBRS highlights in a recent report. The decline in rates had been driven by competition, strong market ... Read the full article
Fitch Ratings: US P&C market to soften further in 2026 as competition intensifies
23rd January 2026
Fitch Ratings, the credit rating agency, expects the US property and casualty (P&C) insurance market to face continued softening through 2026. According to the analysis, the US P&C insurance market is set to become more competitive in 2026, with abundant capital and easing pricing continuing to weigh on premium growth. As rate ... Read the full article
AM Best shifts global reinsurance outlook to stable as property rates soften and casualty issues persist
20th January 2026
A combination of accelerated price softening in the property segment with a modest relaxation of certain terms and conditions, as well as ongoing challenges in the casualty space, the heightened frequency and severity of natural catastrophes, and ongoing macroeconomic uncertainty, has caused AM Best to revise its global reinsurance sector ... Read the full article
Competition to challenge property reinsurers’ hard market insulation: USI
7th January 2026
The competitive environment will undoubtedly erode some of the insulation reinsurers enjoyed during the hard market, according to USI Insurance Services’ 2026 Commercial Property & Casualty Market Outlook Report. As the market shifts, the current rates, attachment points, and terms that reinsurers have fought to maintain are facing significant challenges from ... Read the full article
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