Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
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...
U.S. Insurers’ Exposure to Fannie Mae/Freddie Mac Manageable
Aug 18 2008 // The U.S. insurance industry’s exposure to securities issued by Fannie Mae and Freddie Mac, two government-sponsored enterprises (GSEs) that aid liquidity in the mortgage market, is substantial for a handful of...
Insurance Industry Charitable Foundation Hosts Golf Tournament
Aug 14 2008 // The Insurance Industry Charitable Foundation is hosting its Insuring the Children Golf Tournament on Oct. 27, 2008, at the Santa Ana, Calif., Country Club. Proceeds from the event benefit the Foundation’s Insuring...
Looking to Increase Your Bottom Line During This Soft Market?
Aug 12 2008 // For over 16 years, MGA’s and Carriers have trusted QualCorp for their Rating and Policy Issuance Software. Their flagship product – FormsPlus – automates all lines of business for both admitted and...
Navigators Group Receives Approval for Brazil Reinsurance
Aug 12 2008 // The New York-based Navigators Group announced that its principal insurance company subsidiary, Navigators Insurance Company, has received regulatory approval to underwrite reinsurance in the newly de-regulated Brazilian...
Funding for Texas Wind Pool a Top Issue for Insurance Industry
Aug 4 2008 // Funding, funding, funding. Those are three most important issues for the Texas Windstorm Insurance Association in advance of the 2009 legislative session, according to one industry lobbyist and advisor. There are other...
Agents Weigh Independence, Commissions, Markets When Choosing Agency Networks
Aug 4 2008 // Rising Costs, Soft Market Cause Agents to Consider Network Options Maintaining their independence while gaining access to resources and markets are what independent agents consider when deciding whether to join an...
Willis Net Income Down 50%; Revenues Up 6% in Q2
Jul 31 2008 // Despite a soft insurance market, Willis Group Holdings Limited reported a 7 percent growth in commissions and fees, including 3 percent organic growth for the quarter and six months ended June 30, 2008. However, Willis...
Senate Banking Committee Urged to Back Federal Insurance Regulation
Jul 30 2008 // The U.S. regulatory structure for the insurance industry puts companies at a disadvantage overseas and stifles innovation and competition for consumers, the industry told U.S. lawmakers Tuesday. At a Senate Banking...
Best to Sponsor Australia, New Zealand Insurance Industry Awards
Jul 28 2008 // A.M. Best Co. announced that it will participate as a major sponsor of the Australia and New Zealand Insurance Industry Awards. Best said: “The awards, hosted by the Australia and New Zealand Institute of Insurance...
