Judge of the Change

as of 9/15/23: — S&P trades at 17.9 times earnings — the insurance portion trades at 11.8 times earnings — last time it was that wide of a delta was in 2008 and 2020

This is where so-called limits insurers come in, offering coverage to firms with annual revenues of $1 million to $20 million.

Euler Hermes, a limits underwriter, recently introduced a plan called Simplicity, aimed at helping businesses with $1 million to $5 million in sales. Another insurer, Coface, offers the International Policy, an industry favo... See more

“Years of ultralow interest rates hurt insurers in two ways, first by reducing investment returns and second, by expanding insurance-underwriting capacity.” i don't quite understand the latter part, it has do with investors who are searching for yield buying lots of catastrophe bonds and insurance-linked securities, which adds to the capital pil... See more

James Daly, president and chief executive for United States operations at Euler Hermes, said that rates varied, but someone insuring $1 million in receivables through the company’s Simplicity plan could expect to pay an annual premium of around $7,000.