Aquarian Capital to Acquire Brighthouse Financial
In the following article we discuss the background of both Brighthouse Financial (BHF) and Aquarian, recent financial performance of BHF’s insurance subsidiaries, and what this transaction may entail for BHF going forward.
Risk Retention Group Market Overview
In the following review we discuss the current state of the RRG market and its financial performance over the
past 15 years (2010-2024).
Overview of Reciprocal Insurance Exchanges and Recent Market Trends
In the following report we explore the insurers within the RIE market and their financial performance, as well as examine some of the new entrants to the industry and the factors driving the growth in companies organized under this structure.
Annuity Surrenders Rise for U.S. Life Insurers
In this report, we discuss the increased level of annuity surrenders, the potential risks of higher surrenders, and any offsetting factors to these risks.
Mortality in the U.S. Life Insurance Industry (2024)
In this review we highlight the recent trends in U.S. mortality and its continued impact on the U.S. life insurance industry.
P&C Mutual Insurance Market Overview
In the following review we provide an update on the state of the P&C mutual insurance market based on reported financial results for the full year 2024 through 6 months 2025.
U.S. Surplus Lines Overview
This article is about the strong growth and evolving role of the U.S. surplus lines (E&S) insurance market, highlighting its record premium levels, profitability trends, integration with admitted carriers, and the influence of hard market cycles, private equity investment, and specialty distribution on its expansion.
Mortgage Loan Exposure for Life Insurers
While insurers continued to favor mortgage loans, weaker conditions in the commercial real estate market have developed, driven in part by higher borrowing costs and behavioral changes and disruptions related to the Covid-19 pandemic and its after-effects. In light of these developments, we examine the industry’s current exposure to mortgage loans and the potential risks.
U.S. Life Insurers’ Foreign Reinsurance Exposure
While U.S. life insurers utilize reinsurance in many foreign jurisdictions, in this report we will focus on Bermuda in particular given the robust growth in Bermuda reinsurance among U.S. life insurers.
BBB-rated Bond Exposure for Life Insurers
In this article, NAIC Class 2 (BBB-rated) bond holdings are examined in the context of their rising prominence within U.S. life insurer portfolios. Despite ongoing economic uncertainty and updated capital requirements, these bonds now make up 37% of total life industry bond holdings as of the first quarter of 2025.