Reinsurance News
U.S. p/c
US P&C industry sees $22.9bn underwriting gain in 2024, reports AM Best
18th March 2025
According to recent analysis from global credit rating agency AM Best, the US property and casualty (P&C) industry recorded a $22.9 billion net underwriting gain in 2024, the first underwriting profit since 2020. This marks a significant improvement from the $21.3 billion underwriting loss reported by the sector in the previous ... Read the full article
Record investment income for US P&C insurers in 2023: AM Best
4th June 2024
In 2023, net investment income for the US property/casualty insurance sector reached a record $73.9 billion, boosted by higher interest rates, according to a new report by AM Best, a credit rating agency for the insurance industry. The Best's Special Report, “US P/C Insurers Achieve Record Investment Income in 2023,” reveals ... Read the full article
AM Best predicts surge in net investment income for US P/C sector
11th March 2024
AM Best's recent market segment report indicates a notable increase in the estimated net investment income within the US property and casualty (P/C) market, with predictions exceeding $85 billion in 2024. In 2018, the industry’s net investment income was $57 billion, showing no significant increase until 2022, when it surged to ... Read the full article
US P/C sector shows resilience amid challenges in 2023, says AM Best
7th March 2024
AM Best's recent market segment report highlights the challenges faced by the U.S. property and casualty (P/C) sector in 2023, including severe weather-related losses, persistent inflation, and rising reinsurance prices, resulting in a net underwriting loss of $38 billion. Despite this, the P/C industry managed to achieve a substantial ... Read the full article
US P/C insurers brace for headwinds in 2024 amid inflation and liability challenges: Fitch
15th January 2024
In a recent report, Fitch Ratings anticipates a challenging year for the U.S. property casualty insurance (P/C) industry in 2024, marked by modest underwriting improvement following a tough 2023 with poor auto insurance results and significant catastrophe losses. Persistently high inflation and a slowing economy, with GDP expected to drop from ... Read the full article
US P/C industry suffers $25.7bn underwriting loss in 2022: AM Best
21st July 2023
In 2022, the U.S. property/casualty (P/C) industry experienced a significant setback as it reported a staggering $25.7 billion net underwriting loss, according to a recently released AM Best report. The main reason behind this downturn was the substantial deterioration in the underwriting results of the personal lines segment, particularly in the ... Read the full article
P&C rates to increase in 2023, insurers to reduce reinsurance use: S&P
27th April 2023
Underwriting profitability is expected for North American P&C insurers this year according to S&P analysts, who have also forecasted rate increases for homeowner insurance, auto and property, among others. Additionally, according to their recent report, they believe that P/C insurers in the region will reduce their use of reinsurance mainly due ... Read the full article
Capital adequacy & higher interest rates key issues for US life insurers: Morgan Stanley
5th December 2022
Capital adequacy, free cash flow expectations, portfolio repositioning, and the impact of higher interest rates were among the key issues in US life insurers' discussions at the 2022 Virtual Insurance Corporate Access Day, says Morgan Stanley. During the Access Day, the firm spoke to senior executives from eleven different life insurers, ... Read the full article
Inland floods pose limited credit impact to U.S. P/C (re)insurers: Fitch Ratings
12th August 2022
A Fitch Ratings report has said that the recent numerous inland flood events are expected to have a negligible credit impact on the U.S. P/C industry and are unlikely to affect individual insurers' or reinsurers' capital or earnings. Despite the tragic loss of life and significant economic losses in affected areas, ... Read the full article
US P/C rates up 5.9% in Q2: MarketScout
8th August 2022
MarketScout data shows that US property and casualty (P/C) insurance rates are stabilizing at a composite increase of 5.91% in Q2 of 2022, matching the rate increases of Q1. MarketScout found cyber rates continue to increase the most at 21.3% up from 19.7% in Q1 of 2022. Umbrella rates moderated slightly by ... Read the full article
Underwriting income for US P&C fell by 5.5% in H1, says AM Best
7th September 2020
Underwriting income for the U.S. property and casualty (P&C) industry fell by 5.5% in the first half of 2020 when compared with the first half of 2019, on increases in underwriting expenses and policyholder dividends, mostly related to the impacts of the ongoing COVID-19 pandemic, reports A.M. Best. In a new ... Read the full article
U.S. P/C sector to record $29.3bn underwriting loss in 2017: A.M. Best
9th February 2018
Global financial services ratings agency, A.M. Best, expects the U.S. property and casualty (P/C) sector to record a net underwriting loss of $29.3 billion in 2017 on the back of a $6.5 billion loss in 2016, driven by the high level of catastrophe losses experienced in the third and fourth-quarter. 2017 ... Read the full article
U.S. P/C insurers’ catastrophe losses triple YOY: Fitch
11th December 2017
U.S. property and casualty (P/C) insurers reported a sharp decline in results as catastrophe losses for the group nearly tripled from 2016, according to Fitch Ratings in a new report. Fitch believes that 2017 may see a record for insured catastrophe losses for the U.S. P/C market after Hurricanes Harvey, Irma ... Read the full article
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