Browsing: commercial lines

Global commercial insurance rates decreased by 3% in the first quarter of 2025, marking a third consecutive quarter of rate reductions, according to Marsh’s Global Insurance Market Index report.

Munich Re announced its acquisition of Next Insurance, a move that will integrate the insurtech company into Munich Re’s primary insurance business, Ergo. The deal, valued at $2.6 billion, signifies a strategic expansion for Munich Re in the small business insurance market.

WTW’s Commercial Lines Insurance Pricing Survey (CLIPS) reveals a continued upward trend in U.S. commercial insurance rates during the fourth quarter of 2024, although with some moderation compared to previous quarters.

Several insurance companies are expanding their capabilities by appointing experienced professionals in casualty, employee benefits, and commercial lines.

Recent appointments in the insurance industry.