Research

Research

Fronting Part II: Writing a lot of business doesn’t make it good business

Fronting doesn’t look any better when it’s broken down by segment.

Amit Kumar, October 14, 2025
Research

Q3 earnings preview: All quiet on the property-cat front

Lighter cat losses a plus, while top-line, organic growth and reserving concerns persist.

Noah Marchese, October 10, 2025
Research

How will reinsurers deploy excess capital after a quiet hurricane season?

Expansion into adjacent markets, capital return and M&A among top means of capital deployment.

Noah Marchese, October 06, 2025
Research

September stock check-in: Best and worst performers as we head to earnings

Industry stocks were firmly behind the S&P 500 in Q3.

Henry Meiners, October 02, 2025
Research

September FOMC Meeting: What do lower interest rates mean for insurers?

Lower rates mean lower investment incomes and higher book values for insurers.

Henry Meiners, September 26, 2025
Research

August cat heatmap: Mother Nature’s last head-fake?

Cat losses in August were below historical trends, but we are not in the clear just yet.

Noah Marchese, September 22, 2025
Interest rates may go down, but inflation rates continue to go up

While the Fed is more concerned with jobs, other macroeconomic concerns trouble the industry.

Henry Meiners, September 16, 2025
Research

Fronting loss ratios show massive underperformance

Reinsurers will not back business indefinitely where loss ratios continue to exceed the industry by a wide margin.

Amit Kumar, September 15, 2025
Research

H1 commercial lines data shows industry grappling with social inflation

Persistent social inflation challenges evident across key long-tail lines at half-year mark.

Amit Kumar, September 09, 2025
Research

August stocks: P&C stocks show signs of modest recovery after mixed Q2

P&C stocks recovered faster than the S&P 500 following a late July dip, but a gap remains.

Noah Marchese, September 03, 2025
Research

H1 stat reserves: A strong headline isn’t everything

High H1 reserve releases of $7.4bn were driven by the largest of carriers.

Amit Kumar, September 03, 2025
Research

Sompo-Aspen may trigger conversations, but deals could be further off

Analysis of market conditions, reserves show that this might not lead to an overnight consolidation boom.

Amit Kumar, August 29, 2025