Reinsurance News
property and casualty
Property and casualty insurance and reinsurance news, covering the P&C sector of the global marketplace.
US P&C rating upgrades rise slightly in H1’25, downgrades hold steady: AM Best
23rd October 2025
In the first half of 2025, US property/casualty (P&C) insurers saw a slight increase in issuer credit rating upgrades, rising to 18 from 16 in the same period a year earlier, while downgrades remained steady at 20, according to a recent AM Best special report. By line of business, five ratings ... Read the full article
Moody’s: UK life and P&C insurers maintain stability amid economic pressures
15th October 2025
According to Moody’s Ratings, the outlook for the UK life insurance and property and casualty (P&C) sectors remains stable, even as economic challenges continue to weigh on the broader market. Moody’s notes that while slower economic growth may dampen demand for discretionary life protection and savings products, strong pension activity and ... Read the full article
Private credit gains traction in insurers’ investment portfolios: S&P
13th October 2025
S&P Global Ratings, a provider of credit ratings, research, and analytics, reports that private credit is increasingly becoming a significant part of North American insurance companies’ investment portfolios. According to S&P, this shift reflects broader trends within the financial services industry, where insurers and other fixed-income investors are turning to private ... 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
Strong profits continue for US workers’ comp despite pricing cuts: AM Best
8th October 2025
The U.S. workers’ compensation line of coverage remains a key driver of the profitability of property/casualty insurance, although economic uncertainty may lead to some short-to-medium-term turbulence for insurers, according to a recent AM Best report. With a combined ratio of 88.8 in 2024, the lowest among the major P&C lines of ... Read the full article
US P&C mutual insurers return to profitability in 2024: AM Best
6th October 2025
AM Best, the credit rating agency, reported that US property and casualty (P&C) mutual insurance companies achieved a net income of $26.0 billion in 2024, a notable rebound from a $10.8 billion net loss in 2023. AM Best evaluates the financial strength and performance of insurers, providing market insight for industry ... Read the full article
There are challenges, but reinsurance conditions remain favourable: Lockton
26th September 2025
The property reinsurance market continues to soften and is not without its challenges as sellers continue to scrutinise secondary perils and re/insurers struggle to develop a universal view on the impact of tariffs and inflation on losses, according to report from broking group Lockton. It's no secret that property reinsurance rates ... Read the full article
US P&C insurers post record $89bn investment income in 2024: AM Best
25th September 2025
The US property and casualty (P&C) insurance industry generated a record $89 billion in investment income in 2024, marking a 20% year-over-year increase, according to AM Best. The firm reported that the growth was fuelled by higher interest rates, stronger returns from bonds, and increased contributions from cash and short-term holdings. AM ... Read the full article
US P&C insurers boost profitability in H1’25 despite cat losses: Moody’s
23rd September 2025
Moody’s Ratings, the credit rating agency and research firm, reported that US property and casualty insurers delivered stronger profitability in the first half of 2025, even as California wildfires in the first quarter drove substantial catastrophe losses. According to Moody’s, a representative sample of 20 rated insurers posted net income of ... Read the full article
Fitch reports seventh year of double-digit growth for US E&S insurance in 2024
15th September 2025
Fitch Ratings, a credit rating agency and provider of financial research, reported that the US excess and surplus (E&S) insurance market continued its remarkable growth streak in 2024, with direct written premiums rising 11 percent. Although this was below the 15 percent expansion recorded in 2023, Fitch emphasised that the sector ... Read the full article
NA property a “market of opportunity” despite softening: Howden Re’s Gulbransen
15th September 2025
In a recent interview with Reinsurance News during RVS 2025, Howden Re's Wade Gulbransen, CEO North America, offered an optimistic perspective on the current reinsurance market in the region, describing it as a “market of opportunity” despite recent shifts. Gulbransen highlighted the significant changes over the past three or four years, ... Read the full article
UK insurers confront shifting market conditions: S&P
12th September 2025
UK insurers are navigating a landscape shaped by economic uncertainty, regulatory changes, and industry consolidation, according to a recent assessment by S&P Global Ratings. The credit rating agency sees both growth prospects and structural challenges across the life and property and casualty markets (P&C). S&P noted demand in the life insurance sector ... Read the full article
Reinsurers could enable $17tn in global value by 2035: PwC
11th September 2025
PwC, a professional services firm, has released new research titled Reinsurance 2035: Rethinking the Risk Business, presenting its perspective on how the reinsurance sector may develop over the next decade and beyond, with a particular focus on the Fund and Insure domain. According to PwC, this domain has the potential to ... Read the full article
Fitch sees continued profitability for US P&C insurers in 2025
10th September 2025
Fitch Ratings, a provider of credit ratings, commentary, and research, reported that the US property and casualty (P&C) insurance sector delivered notably strong underwriting results in the first half of 2025 and is expected to remain profitable through the remainder of the year. According to Fitch, the industry posted a statutory ... Read the full article
BluePond.AI launches Reinsurance CoPilot to automate complex document processing
5th September 2025
BluePond.AI, a GenAI-native insurtech, has introduced its latest solution, P&C Reinsurance CoPilot, a tool designed to automate the ingestion of complex reinsurance documents and optimise workflow efficiency. Reinsurance contracts are often lengthy and require significant manual effort to process and record in administration systems, which can slow operations and create errors. BluePond.AI’s ... Read the full article
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