The U.S. property/casualty (P/C) industry reported its largest underwriting loss since 2006 and saw its operating performance deteriorate sharply in 2011, as catastrophe-related losses throughout the year wreaked havoc. Insurers were affected by an unprecedented number of natural catastrophe events …
In 2011, the mining insurance market was not only hit by $2.7 billion in natural catastrophe losses, but over 60 operational losses totaling $835 million. The $3.5 billion total estimate of losses facing mining insurers has prompted a 30 percent …
U.S. communications, media, and technology (CMT) companies can expect their insurance market conditions to further deteriorate in 2012, continuing a trend that began in the second half of 2011, according to a report published by broker Marsh. Large natural catastrophes …
January 1 renewal rates for U.S. property/casualty reinsurance premiums showed firming with changes from -5 percent to +5 percent on an overall basis, with loss-affected property catastrophe business up considerably more. That’s according to reinsurance broker Towers Watson, which cites …
Global economic challenges will make it difficult for insurers to generate growth and profits over the short and long term, however, they might improve their chances for achieving success in 2012 by focusing on new insurance products and on emerging …
