Articles by Susanne Sclafane

Specialty MGAs Continue to be Popular Acquisition Targets

With growth prospects becoming rarer in the continuing competitive insurance market, carriers are among three sets of buyers fueling a hot M&A environment for specialized managing general agencies, representatives of GC Securities said Sunday. In a blog item on Guy …

Irma Analysis: Insurer Financial Stress Unlikely If Early Loss Estimates Hold

Before Hurricane Irma made landfall in south Florida on Sunday morning, analysts were assessing the potential damage to property/casualty insurer and reinsurance balance sheets and earnings. On Friday, Fitch Ratings noted that if Irma were to produce insured losses greater …

Breaking the Silence: Cyber Physical Cat Models Emerging

A frightened truck driver dodging a barrage of bullets fired from the assault rifles of a drug-smuggling criminal gang doesn’t seem like the obvious description of the final stages of a cyber attack. But the real-life scenario that played out …

Sign of the Times – Brokers vs. Carriers on a Classic Soft Market

Brokers vs. Carriers on a Classic Soft Market Chief executive officers of property/casualty insurance brokers and P/C insurance carriers called each other out in June for engaging in activities they said were “classic signs of a soft market.” During a …

Fearless Brokers on Disruption by Insurtech: ‘Bring It On’

Executives of retail and wholesale property/casualty brokers, who have heard predictions about disintermediation for years, are not worried about the latest wrinkle in the stories of their demise—the rise of insurtech disrupters with digital platforms. Steven DeCarlo, chief executive officer …

In ‘Classic’ Soft Market Battle, Brokers and Carriers Attack Each Other

Chief executive officers of property/casualty insurance carriers and insurance brokers called each other out last week for engaging in activities they said are “classic signs of a soft market.” During a session of the S&P Global Ratings Insurance 2017 conference …

Berkshire Hathaway’s Insurance Keeps Growing and Hiring Despite Auto, Reinsurance Blips

Even though Berkshire Hathaway’s GEICO chalked up an underwriting loss in the fourth-quarter 2016, with full-year profit coming in basically even with 2015, the company is poised to take advantage of competitor fears, according to the company’s earnings release and …

How Digital Distribution Tools from IVANS Marry Agents, Carriers and Appetites

“Looking for a professional agent in the Chicago area who is in good financial shape, wants a long-term relationship, and is seriously into habitational risks. Must be Cubs fan.” Welcome to match.com for the property/casualty insurance industry. The insurance data …

How State Insurance Regulators May Help Insurers Innovate

Three days before the inauguration of President Donald Trump last week, a panel of experts on insurance regulation predicted that state and federal regulators of the financial services sector would refocus their efforts in the year ahead. Changes at the …

NAIC Leader Says Insurer Systemic Risk Process Is Unnecessary

Although the Financial Stability Oversight Council created by the Dodd–Frank Wall Street Reform Act could serve an incredibly useful purpose, FSOC’s activities so far have been misguided, an insurance regulator said last week. Ted Nickel, president of the National Association …