Reciprocals have been cropping up more recently, with a shift toward cat-exposed lines, giving investors a quick way to tap into the hard market with an expectation of a rich multiple at exit.

With Maui wildfire investigations beginning to point the finger at Hawaii Electric, it’s possible the insurance industry will see things play out as they did with PG&E in California, but the smaller scale of local utilities suggests lower potential recovery for insurers.

Reserves eased slightly from 2020 through 2022, driven by motor and general liability sectors in the US and UK.

InsurTech players shift attention to embedded solutions and MGA/MGU strategies at the Insurtech Insights conference.

The current status of debt ceiling discussions, or lack thereof, are rattling markets, but select P&C insurers look strong in a relative sense.

With social inflation increasing since Covid, ProAssurance’s recent announcements could be the tip of the iceberg for older claims in the industry.

Taking the 15-year view, P&C insurers have stayed steadily allocated to bonds, but took on a bit more risk when interest rates were near zero.

Industry reserve releases mask adverse development trends, particularly in personal lines.

Analysis shows that year-end 2022 industry reserves were redundant by 2.9%, but a quicker than anticipated turn in social inflation is a trend to watch out for.

Recent data shows an increase in InsurTech short interest and a slight uptick for brokers and P&C insurers as a result of economic uncertainty following the banking crisis.

Though the present banking sector turbulence might bring back memories of 2008, fundamental differences in banking and insurance risk make contagion less likely.

Price-to-book multiples for insurers have increased materially over the last two years, but drops in equity partially drove the increase due to unrealized losses.