Tag: AM Best

November 27, 2023

Investors in insurance-linked securities (ILS) still haven’t got over the years of “paltry” returns they’ve seen from the asset class since 2017, according to AM Best, but this is one driver for the continuation of the hard market, as well […]

November 15, 2023

AM Best does not believe artificial intelligence is the main cause of recent insurance industry layoffs. In commentary released today, the credit rating agency wrote that “it is too soon to cite AI as the leading cause of the job […]

October 12, 2023

The U.S. title insurance industry saw its volume of net premium written decline by 16.1% in 2022, to approximately $20.9 billion, following a decade of growth during which this level had more than doubled, according to a new AM Best […]

October 4, 2023

The U.S. commercial auto insurance segment faced a substantial setback in 2022, with underwriting losses skyrocketing to $3.3 billion, as revealed by a recent report from AM Best. This downturn came on the heels of nearly breakeven results in the […]

October 3, 2023

Private equity investments by US insurance companies experienced a modest growth of 3.3% in 2022, reaching $132.0 billion, a significant slowdown compared to the exceptional growth of the preceding year, as highlighted in a recent AM Best report. In the […]

September 6, 2023

In a recent market analysis, AM Best’s report reveals that the insurance-linked securities (ILS) market is experiencing favourable conditions, resulting in advantageous terms and conditions for renewed and new programs. This has led to a significant surge in yields for […]

August 31, 2023

The European Big Four are benefiting from the hard reinsurance market conditions evident during the 2023 renewals with improved pricing and terms and conditions across reinsurance lines of business and geographies, as per a recent AM Best report. According to […]

August 29, 2023

The private flood insurance market has been growing but 2023 may provide a real test following Tropical Storm Hilary in California as well as future storms that may come during the remainder of the Atlantic hurricane season. According to AM […]

August 23, 2023

Munich Re holds onto the top spot in AM Best’s annual ranking of the top 50 global reinsurance groups in 2022, with Swiss Re coming in as the second-largest reinsurer — for the third year in a row. These two […]

August 21, 2023

In a recent assessment of the global reinsurance industry, AM Best analysts have indicated that despite favourable market conditions, a new class of global reinsurers is unlikely to emerge in 2023. The analysis points to several factors that contribute to […]

July 25, 2023

AM Best will review collateral arrangements at rated fronting insurance companies following fraud claims at Vesttoo, an insurtech that connects capital markets participants with reinsurance risks. “Although the details and scope of this issue remain unclear, AM Best is monitoring […]

January 30, 2023

As Louisiana lawmakers adjourn Monday for a special session to address the state’s property insurance crisis, a commentary from AM Best says Louisiana’s plan to appropriate $45 million in funds to incentivize insurance companies to take on more property risk […]

January 10, 2023

AM Best has unveiled the latest edition of its top largest insurers – with UnitedHealth Group maintaining its top spot on the list for the eighth consecutive year. The rankings were published in the January 06, 2023 issue of Best’s […]

December 21, 2022

A new report from AM Best says that the recent insurance market reforms in Florida mean that long-term relief is drawing nearer, but the state remains buffeted by near-term headwinds. Now, AM Best says that the elimination of assignment of […]

December 1, 2022

AM Best has downgraded the Financial Strength Rating to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating to “a-” (Excellent) from “a” (Excellent) of RAM Mutual Insurance Company (RAM) (Esko, MN). The outlook of these Credit Ratings […]

August 22, 2022

According to a new AM Best report, the recent spike in dedicated reinsurance capital growth may prove short-lived, given expectations for depressed investment markets, continued geopolitical turmoil and a potential decline in global gross domestic product. Dedicated reinsurance capacity in […]

June 20, 2022

Activity within the global non-life legacy insurance market is ‘buoyant’, according to a new note from AM Best. The firm said that demand and supply side factors are driving high levels of activity in the legacy insurance market, with transaction […]

March 23, 2022

S&P Global Ratings has announced plans to withdraw all of its outstanding ratings on Russian firms, in line with new regulations imposed by the European Union (EU). Earlier this month, S&P announced the suspension of its commercial operations in Russia, […]

January 5, 2022

UnitedHealth Group took the top spot in AM Best’s ranking of the world’s 25 largest insurance companies for the seventh straight year, the rating agency has reported. The insurer posted $201.5 billion in net premiums written (NPW) in 2020. Allianz […]

November 1, 2021

A new global minimum tax on certain multinational companies will create the potential for double taxation on insurance companies, according to a new report from rating agency, AM Best. This is given the accounting differences for global insurance companies in […]