The US commercial property insurance market is showing signs of “turning a corner” on rates and is on track for stable growth, according to the Insurance Information Institute (Triple-I).

After years of volatility, the US small business property insurance market is beginning to stabilise, with increased capacity in constrained areas creating more options for coastal risks and fostering a competitive landscape, according to a new report from Amwins Access.

The CEO of WR Berkley expects property catastrophe pricing to drop 5 to 15 percent at the 1.1 renewals, which he suggested will lead to downward pressure on the primary market.

MGA Helix's recently launched commercial property excess facility on its US platform will write business on the A+ XV E&S paper of PartnerRe, Program Manager can reveal.

Bermuda-based MGA Helix has officially unveiled its new Greg Butler-led US platform with the launch of a US commercial property excess facility offering $10mn of limit per risk on A+ XV E&S paper.

Real estate MGA Ventis has appointed Fiona Young as senior underwriter.

Despite heightened competition in property and minimal impact from late hurricane season activity, the overall growth outlook for the E&S market remains strong, largely driven by healthy submission flow, especially in casualty.

Property insurance rates in Europe are stabilising, but climate risks still pose challenges for corporates and insurers, according to discussions at the Ferma Forum 2024.

Arthur J Gallagher’s wholesale unit Risk Placement Services (RPS) has appointed Markel’s Kevin Oh as its national property president, taking over a role that had been held by Wes Robinson.

Hamilton Global Specialty, an underwriting platform of Bermudian (re)insurer Hamilton Insurance Group, has entered US property insurance at Hamilton Americas with the appointment of Lissie Van Leunen as head of US property.

The London property insurance market remains disciplined with no sign of underwriting recklessness in the run up to renewal despite surging competition and continued confidence in trading conditions, according to Lancashire’s Alex Maloney.

Platinum Specialty Underwriters is in the process of onboarding a property team and is also looking at other new business lines to add programs as well as a pipeline of M&A as it diversifies its portfolio after taking gross written premiums to $350mn,

Ambac Financial-owned Beat Capital Partners has launched US-based managing general agent Fallow Grove Insurance Services with Brett Dupre as president and CEO.

Moody’s RMS on Wednesday sent to clients a pre-landfall stochastic events STEP tool output for Hurricane Milton that includes a $25.3bn mean loss from wind-only damage,

Hurricane Helene has strengthened to Cat 4 ahead of a Big Bend, Florida landfall bringing devastating winds and deadly storm surge of up to 20 feet as well as uncertainty over likely insured losses because of its potential to cause significant damage far inland through Georgia and neighbouring states.