Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Transparency in a Soft Marketplace
Sep 5 2011 // Seeing something through can have quite a bit of meaning, especially when underwriting margins are thin and policyholders are struggling to pay bills. Transparency is a buzz word of sorts and continues to be a challenge...
What’s in a Name?
Sep 5 2011 // Changes to Terminology Reduce Construction Bond Mystery Preparing for an Insurance Journal Academy of Insurance bonding seminar, I studied the American Institute of Architect’s bond forms again. The first one I eyed...
Woodlands Financial Group Expands
Sep 1 2011 // Texas-based retail and managing general insurance agency, The Woodlands Financial Group Inc. (TWFG), announced it opened 11 new branch locations in three states in August 2011. Among the newly opened branches and added...
English Football (Soccer) Season Kicks Off with Help from Insurance Industry
Sep 1 2011 // English football (soccer) matches resumed at the beginning of August with Manchester United, last season’s Premier League champions, favored to repeat this season. Like its counterparts in the U.S. – major...
Insurer Ratings Unaffected, Stocks Rally As Losses from Irene Look Manageable
Aug 31 2011 // Loss estimates from Hurricane Irene continued to fall and ratings agencies said insurers would have no problem with claims, helping boost insurance industry shares Wednesday. The relatively limited losses that Irene...
Swiss Re Analyzes Effects of Economic Crisis on Nordic Insurance Market
Aug 30 2011 // Swiss Re, as host of its Nordic Risk & Insurance Summit (NORIS™) conference, warned that the “economic environment in the wake of the financial crisis is still very challenging and turbulent.” Swiss Re...
Irene Insured Losses in U.S. at $3-$6 Billion; P/C Pricing Unlikely to Turn
Aug 29 2011 // Hurricane Irene caused $3 billion to $6 billion in insured losses, catastrophe modeling company AIR Worldwide said Monday, affirming the insurance industry’s suspicion the impact was not as bad as feared. In the days...
Irene Insured Losses Significant But Figures Still Uncertain
Aug 29 2011 // Hurricane Irene is expected to have caused substantial property losses, though figures are still hard to come by because of uncertainty about wind damage, catastrophe modeling company Eqecat said Monday. The storm may have...
P/C Industry ‘Adequately Capitalized’ Says Best, Despite Irene Losses
Aug 29 2011 // A.M. Best has begun an assessment of the potential financial impact Hurricane Irene’s passage through the Caribbean and up the East coast of the U.S. might have on the property/casualty industry in the U.S.,...
Insurance Industry Mobilizes for Hurricane Irene Claims
Aug 26 2011 // In addition to advising their policyholders on what to do to protect against Hurricane Irene, property/casualty insurers and brokers are themselves taking precautions—and positioning their claims teams for the...
Insurers Contribute over $17 Billion to UK Economy
Aug 23 2011 // The Association of British Insurers notes that the industry made a “total contribution of £10.4 billion [$17.21 billion] to the Exchequer – which would cover the entire £10.2 billion [$16.9 billion] Home Office...
London’s Marine Insurers Say Libya to Stay on ‘High Risk’ List
Aug 22 2011 // There is no immediate prospect of Libya being removed from a list of areas deemed high risk by London’s marine insurance market. Underwriters will seek a stable period before looking at de-listing, a market official...
Lloyd’s Levene, Marsh’s Duperreault Assess Insurance Industry
Aug 18 2011 // Two industry heavyweights, Lloyd’s Chairman Lord Peter Levene and Brian Duperreault, President & CEO of Marsh & McLennan Companies, got together at the annual Lloyd’s New York City Dinner at the St...
Insurance Australia Group to Acquire Stake in China’s Bohai Insurance
Aug 16 2011 // Insurance Australia Group Limited (IAG) announced it has agreed to acquire a 20 percent strategic interest in China’s Bohai Property Insurance Pty Ltd., a general insurer IAG said it would pay RMB687.5 million...
HARD MARKET RETURNS!!
Aug 15 2011 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 15, 2011. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....
PR Catastrophe
Aug 15 2011 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 15, 2011. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....
Industry Keeps Pace As America Gets Older, Wider
Aug 15 2011 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 15, 2011. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....
Government Reaps Benefit of P/C Insurers’ Excess Profits
Aug 15 2011 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 15, 2011. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....
UK Insurers Welcome PM’s Pledge on Compensation Scheme
Aug 12 2011 // The UK’s insurance industry “has welcomed Prime Minister David Cameron’s announcement that the Riot Act police compensation schemes will operate as normal and has promised to use its expertise to help the...
Do Flat Premums in Q2 Signal Soft Market Is Near Bottom?
Aug 11 2011 // Renewal premiums in the second quarter were essentially flat, suggesting that the soft commercial lines insurance market may be close to its bottom, risk managers report. Premiums for three of four lines tracked by the...
