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AM Best cuts US homeowner outlook to negative with no profitability forecast soon

AM Best cited uncertainty in pricing and modelling in specialty lines

But questions remain over investor appetite, AM Best adds

Back-office functions are an example where many players have adopted automation

Small insures will take the brunt of such losses, says AM Best

It expects reinsurers to generate underwriting profits that had previously been elusive

Hilary made landfall on the coast of Mexico yesterday and around 26m people are now under flood warnings

Underwriting performance of captives has been outstanding, rating agency says

Move follows allegations of fraudulent collateral used at Vesttoo

The market has held up well in tough economic conditions