What’s happening in the global marine insurance market?

The downstream energy sector saw limited major losses in 2024, encouraging insurers to reduce rates. However, potential losses in the first quarter of 2025 have already reached $1.5 billion, exceeding the prior year’s total, introducing potential volatility. Source link

“Some takeaways were that interest rates are likely to remain somewhat high, especially if tariffs are high, but that there’s a huge need for housing, especially multifamily housing,” he said. “So, networks can take back to their agencies, saying, ‘You ought to look at commercial habitation risk,’ because there’s building, there’s growth, there’s funding, and…

Net premiums written drop back as firm reports under IFRS 17 Source link

“If the problem stems from the design, manufacturing, sale or installation of the product (including training and maintenance), E&O coverage can help ensure that your client’s business is protected from financial fallout,” said Harsch. “For example, if a manufacturing flaw causes a third-party business to lose revenue or incur recall costs, E&O insurance can help…

The report notes that tariffs, particularly those affecting the cross-border movement of construction materials, are expected to add further pressure to cost structures. Outside the United States, regional economic conditions are playing a key role. In Asia, growth is supported by both public and private investment, especially in energy and infrastructure. Source link

Risky Credille Insurance has built a strong reputation over the past 25 years as a trusted provider of health insurance services across the Southeast, including Alabama, Kentucky, Mississippi and Tennessee. The agency’s focus on Medicare aligns with King Risk Partners’ strategy to enhance its offerings in this sector. Source link