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Favorable trends are expected to continue in the P&C insurance underwriting cycle but unlikely to result in a hard market, says Fitch Ratings.
Fitch Ratings outlines its predictions for the reinsurance market in 2020, examining price changes, credit portfolios and other components.
A.M. Best's new report indicates a reduction in net underwriting income despite growth in net earned premiums for the first six months of 2019.
Independent agents and brokers have reported their best Q2 results since 2013.
Insurance premiums worldwide is now equivalent to more than six percent of world GDP, says a report from Swiss Re.
Matthew C. Mosher will be responsible for AM Best's Europe-based subsidiaries in London and Amsterdam.
Among other things, House Bill 301 will remove the surplus lines insurance industry's statutory capped fee.
The cumulative market share of the top 25 groups and companies is 68.36%.
For 2019, AM Best projects the combined ratio to improve slightly to 101.2.
Among those in AM Best's strategic review and succession planning process: Larry Mayewski, Matthew Mosher and Greg Carter.
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