Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Plaintiff Attorneys: The Hard-Market Saviors
Aug 20 2012 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 20, 2012. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....
Ebix Acquires Online Insurance Tech Provider TriSystems
Aug 15 2012 // Atlanta-based Ebix, Inc, a supplier of On-Demand software and E-commerce services to the insurance industry, announced that it has acquired London-based TriSystems Ltd., an online insurance trading hub that facilitates...
Markel Posts $89.7M Q2 Profit, Buoyed by Improved Underwriting Results
Aug 9 2012 // Glen Allen, Va.-headquartered Markel Corp. on Thursday posted $89.69 million net income to shareholders for its 2012 second quarter, a 197 percent increase from $30.31 million income reported a year earlier. Markel...
Workers’ Comp Deal in the Works for California
Aug 9 2012 // In a hush-hush environment over the last several months it appears that those who seek workers’ compensation reform have been given hope, despite the looming close to California’s legislative session. And that...
Insurance Industry Poised to Add Jobs Over Next Year: Survey
Aug 8 2012 // Insurance industry hiring appears to be steady with 54.5 percent of companies saying they intend to increase staff and 77.4 percent expect to grow revenue. If the industry follows through on its plans, there will be a one...
Willis Appoints Vaccaro CEO for Facultative Reinsurance Operations in Chile
Aug 7 2012 // Willis Group Holdings announced the further strengthening of its operations in Latin America with the appointment of Alejandro Vaccaro as CEO of the company’s Chilean facultative reinsurance division. He recently...
Captive Insurance Industry to Gather in Burlington, Vt., This Week
Aug 6 2012 // Vermont will be hosting a major conference this week for the nation’ captive insurance industry. The Vermont Captive Insurance Association will be holding its annual conference from Tuesday through Thursday. Some...
Ernst & Young’s Tony Anderson to Be Honored By City Of Hope
Aug 6 2012 // City of Hope’s National Insurance Industry Council will honor Anthony “Tony” Anderson, retired vice chairman and Midwest managing partner of Ernst & Young LLP, with its 2012 Spirit of Life Award. The...
Conference: Risk, Returns, Regulation and More Regulation
Aug 6 2012 // Coming off a rough few years of recession, then a disaster prone 2011 — and then more global uncertainty in 2012 — the world and the insurance industry have a few things to look forward to in the next year. They also...
Prop. 33 Proponents: Ballot Writers Don’t Understand Insurance Industry
Aug 1 2012 // As proponents of California Proposition 33 await a hearing on a lawsuit they filed to change some wording in voter guide statements for the upcoming November election, they’re hoping to avoid the damage that could be...
Geneva Association’s Fitzpatrick Warns against Mixing Bank and Insurance Regs
Jul 31 2012 // After 39 years of gathering, collating and disseminating the facts and figures relevant to the global insurance industry the world’s leaders and shakers are finally paying attention to the findings and...
Earnings Reports: PartnerRe, Greenlight Re
Jul 31 2012 // Selected earnings highlights from Bermuda-based PartnerRe for the second quarter and the first six months of 2012 are as follows: Q2 2012 Q2 2011 Gross premiums written ———— $1.16324 bn $1.18205...
Conference: Risk, Returns, Regulation, and More Regulation
Jul 26 2012 // Coming off a rough few years of recession, then a disaster prone 2011 – and then more global uncertainty in 2012 – the world and the insurance industry have a few things to look forward to in the next year. They also...
Ernst & Young’s Tony Anderson to Be Honored By City Of Hope
Jul 25 2012 // City of Hope’s National Insurance Industry Council will honor Anthony “Tony” Anderson, retired vice chairman and Midwest managing partner of Ernst & Young LLP, with its 2012 Spirit of Life Award. The...
WEBCETERA® Integrates Editable ACORD® forms within EZLynx®
Jul 25 2012 // Flower Mound, TX, 07/25/12 – WEBCETERA®, the leading provider of insurance industry software solutions and creator of EZLynx®, today announced the integration of fully editable ACORD® forms into the EZLynx product....
Astonish Launches New Website with Insurance Industry Marketing Tools
Jul 24 2012 // Warwick, RI, 07/24/12 – Astonish, a Digital Marketing Company catering to Local Insurance Agencies, Financial Services and Group Benefit firms, MGA’s, Aggregators and Carriers recently launched a new website...
Sprint Offers Usage-Based, Driver Tracking Service for Insurance Industry
Jul 23 2012 // Communications firm Sprint has begun selling driver tracking services to auto insurers. Sprint said its integrated, end-to-end usage-based insurance (UBI) services is designed specifically for the auto insurance industry....
Flood Risks Rampant across Asia’s Factory Zones; Insurers Concerned
Jul 23 2012 // Global insurance companies are struggling to get a grip on their flood exposure in Asia nearly a year after one of the world’s costliest disasters hit Thailand, with executives fearing an even worse event may strike...
Willis ILS Report: Catastrophe Reinsurance Market Nearing Strategic Shift
Jul 23 2012 // A report from Willis Capital Markets & Advisory (WCMA), a unit of Willis Group Holdings, concludes that the “catastrophe reinsurance market may be on the cusp of a strategic shift, with third party capital...
First Quarter Premium Up 4% for P/C Companies
Jul 23 2012 // Homeowners, Private Passenger Auto and Workers’ Compensation Lines Impact Premium Growth Through the first quarter 2012, total direct premium written (DPW) for all property/casualty insurers is up 4 percent compared...
