National Section

Weak Profits Leading to Takeovers of Smaller Reinsurers

Weak profitability is likely to leave more reinsurers worldwide vulnerable to takeover in 2017, reinvigorating mergers and acquisition activity as healthier firms seek growth and efficiency savings, according to Fitch Ratings. Consolidation in the sector has stalled after a flurry …

Low Prices Ultimately Could Bite London Market Insurers: A.M. Best, PwC Reports

The business outlook for the London insurance market is a familiar one across other global markets: underwriting profits are under pressure as ongoing soft market prices begin to take a toll. In separate reports on the London market, both A.M. …

Big Box or Boutique?

It’s no secret that the world of insurance is consolidating. The number of insurance agency mergers and acquisitions in the first half of 2016 ranked as the second-most-active six-month period since 2008, according to a new report by Chicago-based investment …

Signs of the Agency Financial Times: 7 Key Trends Producers Should Watch

7 Key Trends Producers Should Watch to Keep from Being Left Behind In “Left Behind,” the first book in an apocalyptic series by Tim LaHaye and Jerry Jenkins, the main characters find themselves scrambling to adjust to the sudden loss …

New York’s Attempt to Subject Surplus Lines Insurers to Insurance Franchise Tax

New York has increasingly asserted that unauthorized insurance companies — including surplus lines insurance companies — are subject to New York insurance franchise tax. However, there are several arguments against these broad impositions of tax. Unlike traditional premium taxes, New …

Business Moves

Arthur J. Gallagher, Blue Horizon Arthur J. Gallagher & Co. has acquired Blue Horizon Insurance Services in San Diego. Terms of the deal were not disclosed. Ronald Zappelli and his team will continue to operate in San Diego under the …

Autonomous Cars to Cut U.S. Auto Premiums by 20% in 20 Years

The rollout of autonomous vehicles in the next few decades could lead to a massive reduction in U.S. motor vehicle premiums in the coming years, Aon Benfield said in a new report. Expectations are that “industry pure premiums” will drop …

New Markets

My New Markets is brought to you by Insurance Journal’s sister website: www.mynewmarkets.com Need a Market? Find it. FAST. Service Contract Reimbursement Insurance for Service Contract Providers Market Detail: Personal Safeguards Group, LLC is focused on the warranty and service …

How Competition Brings Out E&S Market’s Creativity

Emerging risks or traditional lines, innovation makes the difference The surplus lines market is eyeing another year of solid results for 2015. At press time, the final figures for 2015 surplus lines had yet to be released but according to …

Declarations

Insurance-Free Practice “Ninety-nine percent of other doctors said, ‘I don’t blame you.’ … One hundred percent said, ‘You are crazy.”‘ — Dr. Todd Johnson of Lincoln, Neb., on the reaction of his colleagues to his opening the first membership-based, insurance-free …

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