Artex's signature state-of-the-market report, The Alternative View, provides valuable insights and perspectives on the current trends and developments across the commercial insurance, global reinsurance, alternative risk and alternative capital markets.
Highlights from the spring 2025 edition include:
US Property Casualty insurance market.
- The market is showing signs of stability, with improved carrier financials and increased competition.
- Positive developments are tempered by continued loss trends such as storm activity, wildfires and cyber threats.
- Organizations are encouraged to remain vigilant and proactive beyond traditional risk transfer strategies.
Global reinsurance market.
- The market has seen improved financial results and a strengthening capital position.
- Reinsurers are strategically adjusting their exposure to risks like California wildfires.
- Renewals have been orderly, with reinsurers being selective about partnerships and underwriting standards.
Alternative risk market.
- Captives are playing a growing role in helping companies manage emerging risks and enhance financial efficiency.
- The rise in use of cell captives offers benefits such as faster speed-to-market and operational flexibility.
- Captives can be effectively used to address hard-to-place casualty risks, simplify and manage tenant liability programs and mitigate the impact of rising medical costs.
Alternative capital markets.
- The insurance-linked securities (ILS) market is expanding, with growth in areas like cyber and terrorism threats, and innovative solutions like forward exit options.
- Managing general agents are increasingly using sidecars for financing risk.
- London is gaining momentum as a hub for ILS issuance, with Lloyd's London Bridge 2 and new developments enhancing market capabilities.
Get the full report to learn more about the state of the market for spring 2025.