Keyword
Best's Special Report
U.S. P&C industry sustains favourable rating activity in H1 2017: A.M. Best
August 17, 2017 by Canadian UnderwriterCredit rating activity for the United States’ property and casualty industry in the first half of 2017 was favourable, with upgrades outpacing downgrades, A.M. Best Company reported on Thursday. Nearly one-third of the 2017 upgrades were driven by “increased parental…
Cyber line expected to be one of the leading P&C growth areas in the U.S. over the next few years: A.M. Best
June 23, 2017 by Canadian UnderwriterThe cyber line of business is expected to be one of the leading growth areas within the property and casualty space in the United States, with cyber coverages estimated to increase between US$7.5 billion to US$20 billion by 2020, a…
Credit rating upgrades outpace downgrades for U.S. P&C carriers in 2016: A.M. Best
February 7, 2017 by Canadian UnderwriterCredit rating activity in 2016 turned positive as upgrades outpaced downgrades for the property & casualty industry in the United States, despite headwinds that include pressure on underwriting results and the low investment yield environment, according to a new special…
Brexit uncertainties weigh on U.K. insurers but rated entities able to withstand pressure: A.M. Best
January 20, 2017 by Canadian UnderwriterRatings firm A.M. Best Company said on Friday that it does not anticipate taking any rating actions as a direct result of plans for the United Kingdom to exit the European Union (EU), “although the cost implications of continuing to…
U.S. personal auto industry showing signs of weakening underwriting and operating ratios: A.M. Best
December 19, 2016 by Canadian UnderwriterThe personal automobile insurance industry in the United States is exhibiting signs of weakening underwriting and operating results, mainly driven by rising loss ratios, according to a new A.M. Best special report. A.M. Best reached this conclusion in its report,…
Net income for U.S. P&C industry for first nine months of 2016 down 26.8% compared to 9M 2015: A.M. Best
November 28, 2016 by Canadian UnderwriterThe property and casualty industry in the United States reported a US$2.3 billion net underwriting loss in the first nine months of 2016 and a 26.8% decline in net income compared with the same period in 2015, according to preliminary…
U.S. surplus lines financially sound despite market pressures and economic challenges: A.M. Best
September 20, 2016 by Canadian UnderwriterUnderwriters of surplus lines in the United States generated growth in direct premium of 2.5% in 2015, the smallest annual increase in the last five years, according to an A.M. Best special report released on Monday. The Best’s Special Report,…
U.S. P&C insurance industry posts underwriting loss of US$2.3 billion in first half of 2016: A.M. Best
September 16, 2016 by Canadian UnderwriterThe property and casualty insurance industry in the United States posted an underwriting loss of approximately US$2.3 billion and a 3.5% decline year-over-year in net investment income through the first six months of 2016, said a new A.M. Best Company…