All the headlines from our Market Topic Page, ordered by recency.
Sep 1 2011 // English football (soccer) matches resumed at the beginning of August with Manchester United, last season’s Premier League champions, favored to repeat this season.Like its counterparts in the U.S. – major...
Aug 31 2011 // Loss estimates from Hurricane Irene continued to fall and ratings agencies said insurers would have no problem with claims, helping boost insurance industry shares Wednesday.The relatively limited losses that Irene appears...
Aug 30 2011 // Swiss Re, as host of its Nordic Risk & Insurance Summit (NORIS™) conference, warned that the “economic environment in the wake of the financial crisis is still very challenging and turbulent.”Swiss Re...
Aug 29 2011 // Hurricane Irene caused $3 billion to $6 billion in insured losses, catastrophe modeling company AIR Worldwide said Monday, affirming the insurance industry’s suspicion the impact was not as bad as feared.In the days...
Aug 29 2011 // Hurricane Irene is expected to have caused substantial property losses, though figures are still hard to come by because of uncertainty about wind damage, catastrophe modeling company Eqecat said Monday.The storm may have...
Aug 29 2011 // A.M. Best has begun an assessment of the potential financial impact Hurricane Irene’s passage through the Caribbean and up the East coast of the U.S. might have on the property/casualty industry in the U.S.,...
Aug 26 2011 // In addition to advising their policyholders on what to do to protect against Hurricane Irene, property/casualty insurers and brokers are themselves taking precautions—and positioning their claims teams for the...
Aug 23 2011 // The Association of British Insurers notes that the industry made a “total contribution of £10.4 billion [$17.21 billion] to the Exchequer – which would cover the entire £10.2 billion [$16.9 billion] Home Office...
Aug 22 2011 // There is no immediate prospect of Libya being removed from a list of areas deemed high risk by London’s marine insurance market. Underwriters will seek a stable period before looking at de-listing, a market official...
Aug 18 2011 // Two industry heavyweights, Lloyd’s Chairman Lord Peter Levene and Brian Duperreault, President & CEO of Marsh & McLennan Companies, got together at the annual Lloyd’s New York City Dinner at the St...
Aug 16 2011 // Insurance Australia Group Limited (IAG) announced it has agreed to acquire a 20 percent strategic interest in China’s Bohai Property Insurance Pty Ltd., a general insurerIAG said it would pay RMB687.5 million...
Aug 15 2011 // Reclusive insurance celebrity P/C Hard Market slipped into the U.S. for a brief visit last week but left without promising if and when he might return for an extended period.“I am having a good time just dropping by,...
Aug 15 2011 // Nobody has time to issue a press release about it but the property/casualty insurance industry is in the middle of a public relations catastrophe. The industry’s PR machine just can’t seem to get people buzzing...
Aug 15 2011 // Critics have for years complained that the U.S. property/casualty insurance industry’s employment picture does not reflect the diversity of America.A new report from the Employment Equality Office (EEO) confirms...
Aug 15 2011 // The property/casualty insurance industry reported unexpectedly robust profits in the latest quarter, surpassing all estimates of Wall Street analysts. Gross profits were up more than $50 billion, which meant tax revenues...
Aug 12 2011 // The UK’s insurance industry “has welcomed Prime Minister David Cameron’s announcement that the Riot Act police compensation schemes will operate as normal and has promised to use its expertise to help the...
Aug 11 2011 // Renewal premiums in the second quarter were essentially flat, suggesting that the soft commercial lines insurance market may be close to its bottom, risk managers report.Premiums for three of four lines tracked by the RIMS...
Aug 9 2011 // Warren Buffett’s entry into the bidding for Transatlantic Holdings is drawing fresh attention to the reinsurance industry, which specializes in writing insurance for insurers in a way that frees up those companies to...
Aug 8 2011 // Profitability soared by 49 percent and policyholder dividends were up 73 percent for captive insurance entities followed by rating analysts at A.M. Best in 2010.According to an A.M. Best special report, captives’...
Aug 8 2011 // San Diego, August 8, 2011 – The Insurance Brokers & Agents of San Diego in partnership with the Insurance Industry Charitable Foundation’s San Diego Steering Committee, will be hosting a lunch discussion on...