market cycle News

Best Affirms Munich Re and Subs Ratings; Outlook Stable

A.M. Best has affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit ratings of “aa-” of Munich Reinsurance Company and its subsidiaries. Best has also affirmed the “issue ratings” of Munich Re, as well as the ICR …

Current Market Not Yet a ‘Classic’ Hard Market: P/C Executives

The current property/casualty market is not a “classic” hard market, yet anyway. While prices are clearly rising in certain lines including property and workers’ compensation, other conditions of a traditional hard market are not in place, according to property/casualty brokerage …