In industry news:

The results are in from A.M. Best’s Winter 2015/16 insurance industry survey. The rating agency itself has maintained a negative outlook for commercial lines and the reinsurance sector, stating that ratings are under pressure and reserve levels could be too low. Survey respondents, 70 percent of whom came from the P&C side of the industry, said “cyber” was the key concern and the issue is at the forefront of the minds of leaders looking toward product development. On the internal side, P&C insurers appear to lack optimism for 2016’s results – 48 percent expect returns on equity of 7 percent or less.

Read more about the results from Property/Casualty 360 here.

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