Reinsurance News
workers’ comp
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
Markel partners with Insurate to enter middle-market workers comp. sector
6th June 2025
Markel Insurance, the insurance arm of Markel Group Inc., has entered into a strategic collaboration with Insurate, an insurtech specialising in the middle-market workers' compensation sector. Markel explained that, after careful market analysis and due diligence, it identified Insurate as the right market entry partner, recognising its combination of deep industry ... Read the full article
Workers’ comp continues to outperform every line of business in US P&C, says AM Best
13th September 2024
According to ratings agency AM Best, the workers' compensation (WC) segment is continuing to outperform every other lines of business in the US property & casualty (P&C) sector, reinforced by ongoing declines in loss frequency and favorable reserve development. AM Best states that the workers’ compensation line has been more profitable than ... Read the full article
WTW MGU Verita launches new Workers’ Compensation solution
9th May 2024
Verita, the Managing General Underwriting (MGU) company of WTW, has introduced Workers’ Compensation solution to its suite of casualty products. Verita aims to reshape the landscape for US mid-sized and larger companies by bringing a robust, technical approach to underwriting, risk advisory services, and claims management. Verita’s expansive casualty coverage solutions include ... Read the full article
Trean enhances workers’ comp operations with Origami Risk suite
15th April 2024
Trean Insurance Group, a provider of products and services for the specialty insurance market, has implemented Origami Risk’s multi-tenant core property and casualty solution suite to streamline its workers’ compensation business. This comprehensive solution is set to enhance policy administration, billing, and claims functionality across Trean’s nationwide operations. Moreover, it allows Trean ... Read the full article
U.S. workers comp insurers continue to underwrite profitably: Triple-I
11th August 2023
According to a report by the Insurance Information Institute (Triple-I), U.S. workers compensation insurers could underwrite profitably between 2019 and 2022 in spite of significant changes within the nation’s workforce due to the COVID-19 pandemic. “The line’s underwriting profitability for private carriers represented by the combined ratio remains strong,” stated Triple-I ... Read the full article
Workers’ compensation remains profit engine for US P&C Industry: AM Best
20th July 2023
Workers’ compensation insurers’ underwriting results continued to outpace the rest of the U.S. P&C commercial sector in 2022, as they benefited from the "long-term decline in workplace accidents and a reduction in fraudulent claims," according to AM Best. These comments stem from the Best's Market Segment Report, in which the firm ... Read the full article
Compre signs agreement to acquire workers’ comp portfolio from SUNZ
22nd May 2023
Bermuda-headquartered international legacy group, Compre Group Holdings Limited, has signed agreements to acquire a workers’ compensation legacy portfolio of SUNZ Insurance Company (SUNZ) for an undisclosed sum. Approved by the Bermuda Monetary Authority, the transaction is structured as a loss portfolio transfer and has been underwritten by Compre’s class 3B Bermudian ... Read the full article
US workers’ comp insurance line faces uncertain future despite solid profits
27th October 2022
Uncertain future for US workers’ compensation insurance line, warn analysts at AM Best, despite the line generating solid profits. According to a recent AM Best report, in the last five years, the annual underwriting profit in the US workers’ compensation line of business has averaged $4.8 billion and totaled almost $24 ... Read the full article
Capacity returning to the excess liability market – WTW
17th June 2022
Domestic US casualty deployed capacity has increased to $950 million, up from $690 million in early 2020, according to new data released by WTW. This, they say, is the result of legacy carriers recently utilising more of their available capacity on excess towers. The report finds that carriers are more inclined ... Read the full article
Workers’ comp lines set to feel pandemic impact over long-term: AM Best
7th October 2021
As the line most sensitive to economic cycles, analysts at AM Best expect that workers’ compensation lines will continue to experience the negative impacts of the COVID-19 pandemic acutely over the long-term. The economic downturn caused by the pandemic caused massive unemployment in the US and had a material effect on ... Read the full article
Ascot enters US workers comp market with AmFed acquisition
30th September 2021
Specialty insurer and reinsurer, Ascot Group, has entered the U.S. workers compensation market through the acquisition of specialty workers comp carrier and third-party administrator, AmFed National Insurance Company and its subsidiaries and affiliates. Mississippi-based AmFed is a leader in the state's workers comp industry with licenses in 15 Southeastern and Midwestern ... Read the full article
COVID-19 tail highlighted by surge in workers’ comp claims in California
2nd February 2021
The projected ultimate count for all COVID-19 workers' compensation (WC) claims for accident year 2020 in the State of California stands at almost 118,000, according to analysis by the California Workers’ Compensation Institute (CWCI). In December 2020, the monthly count of COVID-19 job injury claims reported to the California Division of ... Read the full article
Workers’ comp insurers hit by high unemployment: Moody’s
8th July 2020
A surge in unemployment rates due to the COVID-19 lockdown is set to weigh heavily on the profitability of workers’ compensation insurers in the US, according to analysts at Moody’s. The rating agency noted that the workers’ compensation sector is structurally tied to the economy and labour markets. Employers in the US ... Read the full article
AM Best warns against COVID-19 workers’ compensation laws
23rd June 2020
AM Best has warned that legal efforts in several US states to expand workers’ compensation coverage to allow employees to claim for COVID-19 will have a negative impact on re/insurers. The rating agency turned negative on workers’ compensation lines back in March due to the economic conditions and rise in unemployment ... Read the full article
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