There are signs of stabilisation in several segments of the US insurance market as it enters 2025, although challenges remain across multiple classes, including regulatory pressures and changing conditions, according to USI.

The commercial insurance composite rate increase moderated sequentially to 2.6 percent in the fourth quarter, according to MarketScout, which reported the composite rate increase for the year was 3.8 percent.

After seven years of significant rate increases, the US commercial market will see flat to low single-digit increases in 2025, according to an outlook report from Woodruff Sawyer.

Conditions in the “fragile” US commercial insurance market remain competitive for buyers in many lines, including property, workers’ compensation, D&O and cyber insurance, but third-party liability loss trends are likely to continue to trouble insurers in 2025, according to Lockton.

Cincinnati Financial Corporation has promoted commercial lines senior vice president Sean Givler, personal and specialty insurance executive Will Van Den Heuvel, and chief risk officer Teresa Cracas to additional roles effective 1 January, 2025.

Geico has announced the addition of 500 new jobs in North Texas to build on the growth of its commercial insurance business.

Analysts and rating agency Moody’s have said a takeover of Direct Line Group by Aviva would be credit positive for both groups, following news of last month's rejected £3.28bn approach.

Axa's commercial unit has appointed Mike Crane as director of its SME and specialty business, effective January 2025.

Well-performing corporates coming to market to renew their insurance could achieve rate reductions in the low single digits next year, while those operating in more challenged industry segments or exposed to certain problematic perils will face continued upwards pricing pressure.

Morgan Stanley analysts have suggested that multiple developments during the third quarter mean the investment thesis for the P&C space has become less clear, with more questions than answers.