Lincoln National Update Following $2.6 Billion Quarterly Loss
On November 2, 2022, Lincoln National Corporation (LNC) announced a $2.6 billion GAAP1 net loss for
the third quarter 2022, which followed its annual review of reserve assumptions and deferred acquisition
costs (DAC). The loss included the following:
U.S. Surplus Lines Overview
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Argo to Sell Lloyd’s Business to Westfield Specialty
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The Insurtech “Full Stack” Strategy Starts to Sputter
Insurtech firms have made a big splash in the U.S. Property & Casualty market over the past 6-7 years, most initially as tech-enabled distributors of insurance but increasingly as underwriters as well.
Homeowners Insurance Market Residual Market Trends in Higher Risk States
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U.S. Life Insurers’ Bermuda Reinsurance Exposure
The U.S. Life Insurance Industry has long utilized foreign reinsurance as part of its risk and capital
management strategies. In recent years the use of Bermuda reinsurance in particular has become
increasingly common among life insurers (especially for individual annuities), raising some concerns
among industry participants.
Louisiana Homeowners Insurance Market Update
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ALIRT Research – Florida Domestic Insurer Market Update
If any market observers still harbored doubts about the dire condition of the Florida homeowners’ market, events over the last several weeks have likely laid them to rest.
U.S. Life Insurer Exposure to Alternative (Schedule BA) Investments
Life insurance companies’ investment portfolios are heavily oriented to fixed income assets such as bonds (both “traditional” bonds and structured securities) and mortgage loans. These assets, together with policy loans and cash, comprised around 90% of total life insurance industry investments in each of the last five years.
Fronting Insurers On the Move
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