Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
People
Nov 30 2008 // Willis Group Holdings appointed Phillip Ellis leader of a new division focused on growing the company’s Enterprise Risk Management business for Willis’ Global Retail and Specialty teams. He was most recently...
What the 2008 Election Means for Independent Agents
Nov 30 2008 // With incoming President-elect Barack Obama and major increases in the U.S. House of Representatives and the Senate, the Democrats will now control both chambers of Congress and the White House. The changing of the...
What the 2008 Election Means for Independent Agents
Nov 30 2008 // With incoming President-elect Barack Obama and major increases in the U.S. House of Representatives and the Senate, the Democrats will now control both chambers of Congress and the White House. The changing of the...
Insurance Dollars an Electoral Force in Midwestern States
Nov 30 2008 // Congressional candidates from the Midwestern states of Illinois, Indiana, Iowa, Michigan, Minnesota, Nebraska, North Dakota, South Dakota and Wisconsin pulled in big donations from a variety of insurance industry interests...
Wanted: Agencies Focusing on Hispanic Market
Nov 30 2008 // The brains behind the insurance agency consolidation firm Confie Seguros say they are well-positioned to meet their goal of a $300 million revenue company focused on the Hispanic insurance market within a few years,...
Even Best Practices Agencies Struggle To Grow in Soft Market
Nov 30 2008 // Revenue Growth Proves Challenge; Hiring New Producers Remains Priority The Independent Insurance Agents and Brokers of America (the Big “I”) recently released its annual Best Practices Study. The independent...
Estimating the Credit Crisis Insurance Losses
Nov 30 2008 // On Nov. 5, 2008, the insurance information firm Advisen issued an updated forecast of insurance losses likely to arise from the credit crisis. Advisen is now estimating aggregate directors and officers, and errors and...
Wanted: Agencies Focusing on Hispanic Market
Nov 30 2008 // Texas on the List of States for Agency Acquisitions by Consolidators Behind Confie Seguros The brains behind the insurance agency consolidation firm Confie Seguros say they are well-positioned to meet their goal of a $300...
A Good Win in North Carolina for Experience
Nov 30 2008 // New Chief Plans a Blog, Statewide Agent Meetings and a Solution for Coastal Property Owners and Insurers On Nov. 4, Democrat Wayne Goodwin won election as North Carolina Insurance Commissioner with 52 percent of the vote,...
Insurance Dollars an Electoral Force in South Central States
Nov 30 2008 // Congressional candidates from the South Central states of Arkansas, Louisiana, Oklahoma and Texas pulled in big donations from a variety of insurance industry interests in 2008, according to the Center for Responsive...
What the 2008 Election Means for Independent Agents
Nov 30 2008 // With incoming President-elect Barack Obama and major increases in the U.S. House of Representatives and the Senate, the Democrats will now control both chambers of Congress and the White House. The changing of the...
There’s No Wrong or Right Time for an M&A
Nov 30 2008 // But Finding Financing Has Gotten Tougher When it comes to acquiring an agency or selling, timing is everything. Hard market or soft market, good business environment or bad, the decision on whether to merge, acquire or...
New Catastrophe Bonds on Hold Pending Reinsurance Market Hardening
Nov 30 2008 // Disaster insurance bonds are one of the few assets to make any money this year but new supply is on hold pending expected price rises in the underlying reinsurance market. Market players say demand remains buoyant for the...
Insurance Dollars Influence Western Legislators
Nov 30 2008 // Congressional candidates from the Western states of Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington and Wyoming pulled in donations from a variety of insurance...
Buyers Advised to Prepare Now for Hardening Markets as 2008 Winds Down
Nov 30 2008 // Pressures that could harden the property/casualty insurance market loom in the final weeks of 2008, says a report by the insurance broker Lockton. “In the first half of 2008 insurer profits declined 57 percent, the...
Steady Habits Make for a Stable Market
Nov 30 2008 // Regulator Says Nutmeg State Will Take AIG and Catastrophe Problems in Stride Connecticut Insurance Commissioner Thomas Sullivan considers himself something of an insider when it comes to the insurance industry –...
New Catastrophe Bonds on Hold Pending Reinsurance Market Hardening
Nov 24 2008 // Disaster insurance bonds are one of the few assets to make any money this year but new supply is on hold pending expected price rises in the underlying reinsurance market. Market players say demand remains buoyant for the...
IAG, State Bank of India Agree to Form General Insurance Joint Venture
Nov 24 2008 // Insurance Australia Group Limited (IAG) and State Bank of India (SBI) announced that they have signed a joint venture agreement to establish a general insurance company in India, which is expected to commence trading in...
Health Insurers Back Universal Coverage with Individual Mandate
Nov 20 2008 // The nation’s health insurers have proposed guaranteed coverage for people with pre-existing medical conditions in conjunction with an enforceable individual coverage mandate. Under the industry proposal, health plans...
Has the Declining Economy and Soft Market Affected Your Marketing Plans for 2009?
Nov 19 2008 // Beacon Marketing – “Helping to guide your prospecting needs to new destinations” Orange, CA – November 19, 2008: With the current economic conditions, a lot of agencies have had to reduce and/or cut...
