Best's Review

AM BEST'S MONTHLY INSURANCE MAGAZINE



THE LAST WORD
From Baritone to Boardroom: MetLife Executive’s Overture Was on the Opera Stage

Before he was the executive vice president and chief marketing officer at MetLife, Michael Roberts enjoyed a brief opera career.

  • Anthony Bellano
  • September 2022

ASSET MANAGEMENT
Private Placements Likely to Remain in US Insurers’ Portfolios Despite Rising Rates

Direct lending outside the publicly traded realm of corporate bonds found greater favor amid low interest rates. Don’t look for that to change overnight as the Federal Reserve enacts inflation-fighting increases. Lack of trading opportunities, diversification and investment patterns may make it a crawl rather than a rush for the door.

  • Terrence Dopp
  • September 2022

RISK ADVISER
It’s Time for Life Insurers to Go on Offense After COVID-19

The pandemic showed consumers the importance of life insurance, creating an opportunity for insurers to make a play to close the coverage gap and bring financial protection to more people.

  • Derek Kueker
  • September 2022

AT LARGE
The Curious Case of Hypermature Markets

Insurers in these markets must accept competition.

  • Bill Pieroni
  • September 2022

REGULATORY/LAW
Lead Paint Litigation Raises Coverage Questions for Policyholders

A recent California decision tackles one issue: Is a public nuisance claim based on the willful acts of the insured’s predecessor barred from coverage?

  • Rob Tugander
  • September 2022

CATASTROPHES
30 Years After Hurricane Andrew, Bermuda Reinsurers, Florida ‘Joined at the Hip’

Hurricane Andrew made landfall in Florida in 1992, changing the face of the global reinsurance market just as it was beginning to emerge.

  • Anthony Bellano
  • August 2022

CATASTROPHES
FIU Extreme Events Director: Prototype Facility Will Test Forces of a ‘Category 6’ Hurricane

Hurricanes are becoming more powerful and destructive. One of the goals of the facility is to anticipate and learn from what a Category 6 hurricane would bring. The damage and destruction from a 185 mph sustained event hitting a highly developed U.S. coastline would be unprecedented.

  • Lori Chordas
  • August 2022

LIFE INSURANCE
Startup Founder Hopes to Help People Find `Ferrari in the Garage’ by Taking Life Settlements Mainstream

Lucas Siegel, the founder and chief executive officer of Harbor Life Settlements, wants to make the life settlements industry resemble how homes are sold and bought online. By doing that, he’s hoping his company and the larger industry will grow by making the process more transparent and navigable for consumers.

  • Terrence Dopp
  • August 2022

CYBER INSURANCE
AM Best: With Cyberattacks Becoming More Complex, US Cyber Market to Remain Hard

Rate increases are driving a large part of the premium growth and are expected to continue to rise through 2022.

  • August 2022

LATIN AMERICA INSURERS
AM Best Retains Negative Outlook on Peru’s Insurance Industry

Overall, economic conditions continue to recover from the pandemic due to the country’s macro-stability, according to Best’s Market Segment Report: Market Segment Outlook: Peru Insurance. However, many of the actions taken to enhance economic recovery have aroused political interest, creating challenges for the current and future performance of the insurance market.

  • August 2022

CAPTIVES
Protected Cell Structures Fuel Captive Insurance Growth

A hardening insurance market is among the factors resulting in more captives, nearly 20% of which are protected cells.

  • Anthony Bellano
  • August 2022

THE LAST WORD
Insurance Coverage Questions Surround Emerging NIL Industry

The name, image and likeness environment in college sports is compared to the wild, Wild West, and this includes the insurance aspect.

  • Anthony Bellano
  • August 2022

AT LARGE
The Insurance Industry Makes the World Safer and More Resilient

The insurance industry’s role in making the world a better place goes well beyond the “repair-and-restore” phase of a crisis.

  • Tony Kuczinski
  • August 2022

RISK ADVISER
Rising Costs, Supply Chain Issues Impact Business Income Coverage

Agents can work with their manufacturing clients to review their current business income protection and limits and educate them on the increased risks related to business income.

  • Matthew S. Mitchell
  • August 2022

FROM THE EDITOR’S DESK
Hurricane Andrew 30 Years Later: A Tale of Challenges and Success for Florida, Bermuda

Best’s Review examines the impact of Hurricane Andrew on its 30th anniversary. The issue also includes coverage of life insurance settlements and rankings of the largest U.S. cyber and largest Latin America insurers.

  • Patricia Vowinkel
  • August 2022

WHAT AM BEST SAYS
AM Best: Legacy Segment Faces Challenges of Inflation and Adoption of IFRS 17

AM Best analysts report that a combination of motivated sellers and active buyers with capital to deploy is expected to keep deal flow in the legacy market buoyant in 2022 and beyond.

  • August 2022

BEST’S RANKINGS
US Cyber Insurance — Top 20 Insurers — 2022 Edition

Insurers were ranked by 2021 total standalone and packaged cybersecurity direct premiums written.

  • August 2022

BEST’S RANKINGS
Largest Latin America Insurers — 2022 Edition

Insurers were ranked by 2020 gross premiums written.

  • August 2022

BEST’S RANKINGS
US Property/Casualty — 2021 Direct Premiums Written by Line — 2022 Edition

Insurers were ranked by 2021 direct premiums written by line.

  • August 2022

BEST’S RANKINGS
US Commercial Multi Peril — 2021 Direct Premiums Written — 2022 Edition

Insurers were ranked by 2021 direct premiums written.

  • August 2022

BEST’S RANKINGS
US Homeowners Multiple Peril — 2021 Direct Premiums Written — 2022 Edition

Insurers were ranked by 2021 direct premiums written.

  • August 2022

BEST’S RANKINGS
US Medical Professional Liability — 2021 Direct Premiums Written — 2022 Edition

Insurers were ranked by 2021 direct premiums written.

  • August 2022

BEST’S RANKINGS
US Total Auto — 2021 Direct Premiums Written — 2022 Edition

Insurers were ranked by 2021 direct premiums written.

  • August 2022

BEST’S RANKINGS
US Workers’ Compensation — 2021 Direct Premiums Written — 2022 Edition

Insurers were ranked by 2021 direct premiums written.

  • August 2022

BOOK STORE
Author: Companies Must Use Discipline When Making Technology Choices

RightSure’s Jeff Arnold says companies must consider why and how they are using technology.

  • Lori Chordas
  • August 2022

APP STORE
App Provides Tips to Homeowners Before a Disaster Strikes

The app from the National Association of Insurance Commissioners allows people to track their home inventory.

  • Tom Davis
  • August 2022

UNDERWRITING & LOSS CONTROL
Gun Manufacturers Lose Legal Challenge to New York Law

Best’s Underwriting Reports and Best’s Loss Control Reports provide insight into the lines of coverage, exposures and loss control for gun manufacturers.

  • Best's Review Staff
  • August 2022

EXECUTIVE CHANGES
Liberty Mutual to Welcome New Chief Executive Officer, Secretary in 2023

Axa XL names global chief underwriting officer and Scor appoints successor to retiring CEO of reinsurance.

  • August 2022

INDUSTRY UPDATES
US Insurance Trade Groups Fight Defense Bill Adding Cyber Insurance Regulation

Industry groups say in addition to the increased costs and security concerns, their members don’t collect the kind of granular data that would be sought.

  • Timothy Darragh
  • August 2022

IN THE NEWS
Bill Protects Insurers Serving Medical Marijuana Vendors

Pennsylvania’s new law prohibits government agencies from banning, discouraging or penalizing financial services firms from providing service to a “legitimate” cannabis-related company or its employees.

  • Timothy Darragh
  • August 2022

INDUSTRY UPDATES
Lease Renewal Not Final, but Lloyd’s Expects to Remain at Lime Street Building

The company says as it adapts to new structures and flexible ways of working, it will continue to think about the future requirements for the spaces and services its marketplace needs.

  • David Pilla
  • August 2022

INDUSTRY UPDATES
Insurers Don’t Have to Pay Hurricane Ida Expenses

Judge ruled carriers don’t have to cover homeowners’ loss-of-use expenses in Louisiana.

  • Timothy Darragh
  • August 2022

REGULATORY UPDATE
Illinois Proposes New Auto Insurance Legislation and Louisiana Deals with Lack of Homeowners Coverage

Some automobile insurance companies padded profits during early stages of COVID-19, Illinois officials said.

  • August 2022

CORPORATE CHANGES
Name and Ownership Changes, Mergers, Acquisitions and State Actions

Royalty Capital Life Insurance, Viva Seguros and Southern Fidelity are among the U.S. life/health and property/casualty insurers that have experienced a corporate change.

  • August 2022

TRENDING: BEST’S RESEARCH
Trending Research Includes Reports on IFRS 17, the London Market and Best’s Impairment Study

Other trending research includes reports on D&O, U.S. MPLI and the Florida property market.

  • August 2022

AM BEST TV & AUDIO
Allianz Executive Warns Businesses Must Be Ready for Rising Social Unrest

Also, industry professionals discuss Tornado Alley shift, lack of disability insurance and a surge in auto telematics adoption.

  • August 2022

AM BEST WEBINARS
Panel to Explore the State of the Captive Insurance Sector

Professionals also examine how insurers can counter climate change through resiliency and discuss the wholesale insurance market.

  • August 2022

WEB TRAFFIC
Visits to Top Cyber Insurance Writers' Sites

Liberty Mutual leads web analytics provider Semrush's ranking of cyber insurers.

  • August 2022

PREFERRED PUBLISHER PROGRAM
In Other News ...

A roundup of news from publishers around the globe. Access to some sites may require registration or subscription.

  • August 2022

Digital Edition

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