Reinsurance News
U.S. title insurance
Slowing US housing market remains a major challenge for title insurers, AM Best
15th October 2024
For the second-straight year, the US title insurance sector witnessed its volume of direct premium written decline, falling 32% to $14.3 billion in 2023, which according to AM Best, reflects housing and macroeconomic trends. It's important to highlight that as mortgage interest rates began to fall in 2020, housing started to ... Read the full article
US title insurers post solid results for 2021 despite volatile landscape: AM Best
11th October 2022
A recent report from AM Best suggests that the US title insurance industry saw its net income jump 46% in 2021 to $2.3bn, however, macroeconomic pressures in 2022, specifically those affecting mortgage rates, have created a volatile landscape for title insurers. AM Best note that the title segment’s top-line premium growth, ... Read the full article
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