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Fitch: US P/C Insurers Hold at Neutral for 2025
Dec 12 2024 // U.S. property/casualty insurers are positioned favorably heading into 2025, Fitch Ratings forecasted in its annual outlook report. Citing “a strong personal lines turnaround” and “resiliency following an...
AM Best: US P/C Industry Reverses Nine-Month Underwriting Loss
Dec 4 2024 // Growth in net earned premiums outpaced a slight increase in losses and loss adjustment expenses to result in the U.S. property/casualty industry posting a nine-month 2024 underwriting profit of $4.1 billion versus a loss...
Swiss Re Agrees to Sell iptiQ’s European P&C Business to Allianz Direct
Nov 5 2024 // Swiss Re has agreed to sell iptiQ’s European P&C business to Allianz Direct, in line with its strategic decision to withdraw from iptiQ. Allianz Direct, the pan-European online insurer of Allianz Group, will take...
S&P Reveals Top 50 Largest P/C Insurers
Oct 25 2024 // As the third-fastest growing company on a list of the world’s top 50 largest insurers, State Farm Mutual Automobile Å˽ðÁ«´«Ã½Ó³» Co. continued to rank No. 1, according to research S&P Global Market...
Hurricane Milton Could Use Up P/C Insurers’ 2024 Catastrophe Budgets
Oct 10 2024 // S&P Global Ratings said potential losses from Hurricane Milton could fully deplete the 2024 natural catastrophe budgets for rated U.S. property/casualty insurers, affecting underwriting margins and earnings. In a...
Property/Casualty Å˽ðÁ«´«Ã½Ó³» Stocks Slump on Hurricane Milton-Related Fears
Oct 8 2024 // U.S. property and casualty insurance stocks tanked on Monday after Hurricane Milton intensified into a category 4 storm on its path towards Florida’s western coast, marking yet another costly disaster for the...
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