P&C Mutual Insurance Market Overview
In the following review we provide an update on the state of the P&C mutual insurance market based on reported financial results for the full year 2024 through 6 months 2025.
U.S. Surplus Lines Overview
This article is about the strong growth and evolving role of the U.S. surplus lines (E&S) insurance market, highlighting its record premium levels, profitability trends, integration with admitted carriers, and the influence of hard market cycles, private equity investment, and specialty distribution on its expansion.
Mortgage Loan Exposure for Life Insurers
While insurers continued to favor mortgage loans, weaker conditions in the commercial real estate market have developed, driven in part by higher borrowing costs and behavioral changes and disruptions related to the Covid-19 pandemic and its after-effects. In light of these developments, we examine the industry’s current exposure to mortgage loans and the potential risks.
U.S. Life Insurers’ Foreign Reinsurance Exposure
While U.S. life insurers utilize reinsurance in many foreign jurisdictions, in this report we will focus on Bermuda in particular given the robust growth in Bermuda reinsurance among U.S. life insurers.
BBB-rated Bond Exposure for Life Insurers – 2025
In this article, NAIC Class 2 (BBB-rated) bond holdings are examined in the context of their rising prominence within U.S. life insurer portfolios. Despite ongoing economic uncertainty and updated capital requirements, these bonds now make up 37% of total life industry bond holdings as of the first quarter of 2025.
Corebridge Sells Individual Variable Annuity Business to Venerable
The balance of this release will discuss the impact of this transaction on the CBF and VHI groups, and ALIRT will share some of our thoughts on the transaction.
Oregon Mutual A.M. Best Downgrades – Did You See It Coming?
In this article, a sharp downgrade of Oregon Mutual’s rating is examined, revealing early signs of financial trouble dating back to 2022. It shows how proactive monitoring can help agencies avoid last-minute scrambles.
U.S. Life Insurer Exposure to Less Liquid Bonds – YE2024
In this review we highlight some of the less liquid components of life insurer bond portfolios.
Lloyd’s of London Market Overview – 2024
The following overview reflects results for ALIRT’s Composite as well as those for the Lloyd’s market as a whole, based on the organization’s annual report issued in late March.
Trends in Individual Annuities
In this review, we concentrate on the recent changes in the annuity product landscape.