property/casualty insurance cycle News

Re/Insurers Need to ‘Reinvent’ Products to Participate in New Economy: XL’s McGavick

The re/insurance industry needs to innovate and become more efficient. It is facing more risk, but premiums are declining. Some of its products have become shop-worn and less relevant. Competitive pressures are immense. These are just some of the negative …

Everyone Likes a Hard Insurance Market, Right?

What’s the big deal with a hard property/casualty insurance market? Everyone likes one, said Art Davis, president of Colony Specialty, a member of the Argo Group. “You make a lot of money, have good returns.” The problem is, Davis said …