Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
No Absolutes in Agency Training and Recruitment
Aug 29 2008 // Recruiting and staffing in the insurance industry has never been as “hot” as it is right now, said Susan Henry, senior vice president, The Jacobson Group, an executive search, professional recruiting and...
Soft Market Exposes Value of Risk Control for Golf Insurers
Aug 28 2008 // For the golf industry, 2008 business is at best a bogey — probably worse. And for the agents, carriers and program managers who cater to the golf and country club world, that’s made for a rough market,...
S&P Report Says Oman Insurance Market Still Strong After 2007 Losses
Aug 27 2008 // In its latest report on the insurance market in the Sultanate of Oman, Standard & Poor’s Ratings Services says that despite the heavy losses from Cyclone Gonu in 2007, the sector has much to commend...
Surplus Lines Results Remain Strong, Despite Heightened Competition
Aug 26 2008 // Surplus lines insurers continued to outperform the property/casualty industry in underwriting and operating performance in 2007, despite the softening market and more aggressive competition. Heightened competition along...
Texas Wind Pool Claims Add Up as New Tropical Storm Develops,
Aug 26 2008 // With hurricane season halfway over for 2008, Louisiana has so far dodged the bullet but Texas has taken on two warning shots with Hurricane Dolly and Tropical Storm Edouard. As hurricanes and tropical storms go, neither...
2 University of Alabama Students Earn Insurance Industry Scholarships
Aug 22 2008 // The Derek Hughes/ National Association of Professional Surplus Lines Offices Ltd. Educational Foundation scholarships went to two University of Alabama student. Recipient Aldrich Callins of Birmingham, Ala. has attended...
Insurance Industry Charitable Foundation Awards 2008 Grants
Aug 22 2008 // The Insurance Industry Charitable Foundation based in Walnut Creek, Calif., has awarded its 2008 charitable grants to outstanding nonprofit agencies in California. The following organizations received recognition and...
Declarations
Aug 21 2008 // Declarations Mass. Expansion – Vermont Mutual CEO Thomas Tierney, commenting on his company’s decision to enter the Massachusetts personal auto insurance market. It is the second company this month –...
Obtaining Optimal Catastrophe Coverage
Aug 21 2008 // The complexity of the cat insurance market can make it difficult to keep pace with the coverage options. In the midst of hurricane season, insurance agents and brokers are reminded of the need for forward-thinking...
Japan: Risk and Rewards
Aug 21 2008 // In Japan, agencies write 93 percent of P/C insurance. The Japanese property and casualty insurance market is ripe for opportunities, but there also are significant risks in the country, according to Keiji Fukasawa of...
Obtaining Optimal Catastrophe Coverage
Aug 21 2008 // The complexity of the cat insurance market can make it difficult to keep pace with the coverage options. In the midst of hurricane season, insurance agents and brokers are reminded of the need for forward-thinking...
Entrepreneurs at Heart
Aug 21 2008 // People think and act differently when they’re owners. They take more ability to shape the outcome of the company. Privately-owned companies can be more nimble in the marketplace, and this is very important...
Declarations
Aug 21 2008 // Declarations Bundled Buying “Buyers who use insurance agents are also more likely to purchase bundled auto and homeowner insurance policies. … Despite this trend, insurance providers are steadily enhancing...
Obtaining Optimal Catastrophe Coverage
Aug 21 2008 // The complexity of the cat insurance market can make it difficult to keep pace with the coverage options. The savvy wholesale broker keeps tabs on which surplus lines insurers have the appropriate capacity for In the midst...
Conning Research: Insurers’ Financials Strong Despite Price Deterioration
Aug 21 2008 // The financial condition of the property/casualty industry is strong, and should be able to withstand the current price deterioration, according to a new industry study. “The outlook for the next three years –...
By Charles E. Boyle
Aug 21 2008 // From Novelty to Necessity: Bermuda’s Insurance Market 2008 Bermuda’s insurance industry has grown steadily since it began 50 years ago. It is now a mature market, and, in certain sectors – natural...
Soft Market Hammers Commercial Carriers’ Stocks; M&As Active in Personal Lines Sector
Aug 21 2008 // Stock Prices: The soft market continues to have an effect on insurers’ stock prices. With the inability of insurers to grow in the current market, commercial insurers’ stocks are still falling, down 18 percent...
Conning Research: Insurers’ Financials Strong Despite Price Deterioration
Aug 21 2008 // The financial condition of the property/casualty industry is strong, and should be able to withstand the current price deterioration, according to a new industry study. “The outlook for the next three years –...
Management Group for Insurance Industry Opens Chicago Office
Aug 20 2008 // TNC Management Group, the strategy, project management, and analytics consulting firm focused on the insurance industry, recently announced the opening of its Chicago office and the hiring of Aamer Mumtaz as director of...
Insurance Staffing: Industry Needs “Innovative Mindset”
Aug 19 2008 // Looking into the future of the insurance industry, Julie Davis, executive vice president for Aon Corp. said there are internal challenges to climbing the corporate ladder with an innovative mindset. Speaking at a recent...
