Reinsurance News
property and casualty
Property and casualty insurance and reinsurance news, covering the P&C sector of the global marketplace.
Personal auto drives major recovery in US P&C underwriting for 2024: AM Best
27th June 2025
The US property and casualty (P&C) insurance sector experienced a significant recovery in 2024, according to AM Best, the credit rating agency. In its latest report, AM Best highlights a $31 billion improvement in the personal auto line of business, which helped push the industry to a $22 billion net underwriting ... Read the full article
France’s insurance sector expected to maintain profitability and growth in 2025: S&P
26th June 2025
According to a report released by S&P Global Ratings, a provider of credit ratings, the French insurance industry is well positioned to sustain both profitability and moderate growth over the coming years. Despite economic headwinds and rising claims costs, the sector continues to demonstrate adaptability, supported by prudent financial management and ... Read the full article
Everest names Pamela Sinclair as Chief Human Resources Officer
26th June 2025
Everest Group, Ltd., a provider of property, casualty, and specialty reinsurance and insurance, announced that Pamela Sinclair will join the company as Executive Vice President and Chief Human Resources Officer, effective July 14. She will report to Jim Williamson, Everest’s President and CEO, and will become part of the Executive Leadership ... Read the full article
US P/C insurers hit by $1.1bn underwriting loss in Q1’25 primarily due to LA wildfires: AM Best
9th June 2025
According to credit rating agency AM Best, the US property and casualty (P/C) insurance industry recorded a $1.1 billion net underwriting loss in the first quarter of 2025—a significant decline from the $9.4 billion gain reported during the same period in 2024. The drop was primarily driven by elevated losses from ... Read the full article
INTX Insurance Software expands to North America, offering a unified P&C platform
6th June 2025
INTX Insurance Software, a provider of a fully integrated solution for the entire property and casualty (P&C) insurance policy lifecycle, has launched its insurance policy administration platform in North America, following two decades of use in markets including the UK, Europe, the Caribbean, Bermuda, and Africa. The platform is positioned as ... Read the full article
HCI lifts reinsurance limit to over $3.5bn at June 1 renewal
3rd June 2025
HCI Group, a Tampa-based insurance holding company specialising in property and casualty coverage, has finalised its catastrophe reinsurance programme for the 2025-2026 treaty year, which runs from June 1, 2025, through May 31, 2026, securing more than $3.5 billion in limit. Last year, the insurer secured $2.7 billion ... Read the full article
Florida’s personal property insurance market sees first underwriting profit in eight years: AM Best
30th May 2025
Florida’s personal property insurance market reported a significant recovery in 2024, posting its first underwriting profit after eight consecutive years of losses, according to a recent AM Best report. The sector also recorded a substantial increase in pre-tax operating income, reflecting a notable improvement in financial performance. The AM Best Market Segment ... Read the full article
US personal lines market returns to profit in 2024 amid improved conditions: Fitch
28th May 2025
Fitch Ratings, a global credit ratings agency and financial information provider, reports that the US personal lines insurance market returned to underwriting profitability in 2024 after three consecutive years of losses. Fitch reports that the sector’s statutory combined ratio dropped from 107% in 2023 to 97% in 2024, marking a 10-point ... Read the full article
Jon Colello elected Chair of Reinsurance Association of America Board
27th May 2025
Jon Colello, President of PartnerRe Ltd., has been elected Chair of the Board of Directors for the Reinsurance Association of America (RAA)—a national trade association representing property and casualty reinsurers operating in the United States—during the organisation’s 57th Annual Meeting held on April 25, 2025. Joining Colello in leadership roles are ... 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
US surplus lines market sees continued growth amid P&C pressures: AM Best
15th May 2025
AM Best, a credit rating agency, has released a new report showing continued growth in the premiums generated by non-admitted insurers within the US surplus lines market. This rise in premiums highlights significant opportunities spurred by ongoing challenges in the property and casualty (P&C) sector. The latest Best's Special Report reveals that ... Read the full article
Canopius names Neetu Varghese as Head of Marine, US
7th May 2025
Canopius, a specialty and P&C re/insurer, has announced the appointment of Neetu Varghese as Head of Marine, US, Varghese steps into the role following her tenure as National Cargo Manager at Canopius since 2023. This appointment marks a significant step in Canopius’ strategic expansion within the US marine insurance market. With more ... Read the full article
US insurers surpass cost of capital despite elevated cat losses: AM Best
28th April 2025
In 2024, despite the continued challenge of high catastrophe losses, US insurers in the property and casualty (P&C), life and annuity (L&A), and health sectors successfully exceeded their cost of capital, according to a recent report by credit rating agency, AM Best. This was achieved through strong investment returns and effective ... Read the full article
Growing risks for US P&C insurers amid rising secondary perils: AM Best
25th April 2025
A new report from AM Best, the credit rating agency, highlights a pressing issue for the US property and casualty insurance sector: nearly half of all US states recorded their highest single-year property catastrophe loss ratio in the past decade at levels more than 20 percentage points above their respective ... Read the full article
US P&C insurance to see 5% premium growth in 2025 despite $16bn in reserve additions: Swiss Re
24th April 2025
After several years of elevated growth and performance, the US property and casualty (P&C) insurance sector is approaching a period of slower expansion and rising uncertainty, reports reinsurance giant Swiss Re. According to James Finucane, Senior Economist, and Thomas Holzheu, Chief Economist Americas, of the Swiss Re Institute—part of Swiss Re, ... Read the full article
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