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ALIRT Scores Vs. A.M. Best Ratings – A Comparative Study for the U.S. P&C Industry
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U.S. Surplus Lines – 2024
A.M. Best recently released its annual review of the surplus lines industry which it has published for the last three decades. ALIRT uses this opportunity to refresh its own 50 Company Surplus
ALIRT Research – State of the Underwriting Cycle: Market Casualties As The Tide Goes Out
The term “wrack” refers to the marine detritus left behind on a beach after the tide goes out. Something similar occurs in property & casualty markets during a hard market cycle, which
ALIRT Update: Residual Market Trends in Four Higher Catastrophe Risk States
This article is about the recent trends and developments in residual market mechanisms within the property insurance industry in four high-risk catastrophe states: California, Florida, Louisiana, and Texas, highlighting the challenges and
Overview of Reciprocal Insurance Exchanges and Recent Market Trends
This article provides an overview of Reciprocal Insurance Exchanges (RIEs), highlighting their historical significance and recent market trends. It explores the unique organizational structure of RIEs, their financial performance, and the implications
American Mobile: The Short Life of a Reciprocal Insurance Exchange
This article discusses the brief history of the American Mobile Insurance Exchange (AMIE), a small insurer focused on mobile home insurance in Florida, and the factors leading to its administrative supervision and
BBB-rated Bond Exposure for Life Insurers
In this article, you’ll read about the significant increase in NAIC Class 2 bond holdings by U.S. life insurers since the 2008-2009 financial crisis, driven by a search for higher yields amidst
Fronting Companies Accredited and Sutton: A Tale of Two Troubled Parents
This ALIRT Research report explores the financial turmoil at the holding companies of Accredited and Sutton fronting insurers. Both companies faced significant challenges due to their parent companies’ financial distress, leading to
Annuity Surrenders Rise for U.S. Life Insurers
In this report, we discuss the increasing level of annuity surrenders, the potential risks of higher surrenders, and any offsetting factors to these risks.
ALIRT Research – P&C Agency Carrier Oversight Best Practices
Introduction: ALIRT Research recently completed its annual round of visits to property & casualty broker/agency clients. An important agenda item in such meetings is the review of financially stressed insurer partners. As
Advantage Capital and the Fallout from 777 Re
In this report we explore ACAP’s relationship with 777 Re and the possible lingering ties that the ACAP life insurers may have to this now defunct reinsurer and its parent company 777
ALIRT Research – State of the Underwriting Cycle: Personal Lines At An Inflection Point
A recent article by The Insurer[1] highlighted the findings of a number of large brokers vis-à-vis the state of U.S. property pricing. Mike Rouse, Marsh’s US property practice leader, opined that 2024
Financial Struggles Deepen for the Columbian Financial Group
The two life insurers of the Columbian Financial Group (CFG), Columbian Mutual Life Insurance Company (CML) and CML subsidiary Columbian Life Insurance Company (CLIC), experienced weak and deteriorating financial positions for many
ALIRT Industry Update: U.S. PC Review Three Months 2024
Below we provide first three months of 2024 (3M24) financial highlights for the ALIRT P&C Composite, based on insurers’ statutory financial statements.
ALIRT Industry Update: U.S. Life Review Three Months 2024
Our three month 2024 financial highlights based on insurers’ statutory financial statements.
Privately-Owned Insurers in the U.S. Life Insurance Industry
In the wake of the 2008/2009 global financial crisis, the U.S. life insurance industry underwent a spate of business sales/exits, spin-offs, and product changes in the 2010s which has continued through the
PHL Variable Insurance Company: Negative Surplus Position
PHL Variable Insurance Company’s (PHLV) filed its year-end 2023 regulatory financial statement in late April 2024, seven weeks after the required filing date of March 1. The company reported a negative surplus1
U.S. Life Insurer Exposure to Less Liquid Bonds
Life insurers have long held a mix of assets with various liquidity profiles, from the very liquid to the nearly illiquid. In this review we highlight some of the less liquid components
Trends in Individual Annuities
In this review, we concentrate on the recent changes in the annuity product landscape
ALIRT Research – Lloyd’s of London Market Overview – 2023
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.