Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Deregulation Pushing Banks Into Insurance Industry
Dec 2 2007 // As the financial services industry has evolved since deregulation, there has been a rise in “bancassurance: the joint effort of banks and insurers to provide insurance services to the bank’s customer...
When Selling Their Business, Brokerage Owners Should Not Go Bare
Dec 2 2007 // How hiring an investment banker who specializes in agency mergers can maximize value for a seller Only the most naive person would say it is not necessary to hire an attorney for a civil litigation. It is that same...
S&P Says Saudi Insurance Market Able to Meet Regulatory Challenges
Nov 27 2007 // Standard & Poor’s Ratings Services has said that it considers the Saudi insurance market to possess the “inherent strengths,” which will allow it to “ride out” forthcoming regulatory...
Mayor Bloomberg to be at Insurance Charitable Foundation Dec. 5
Nov 26 2007 // New York City Mayor Michael Bloomberg will be the special guest as the Insurance Industry Charitable Foundation hosts its first annual dinner in New York on Wednesday, Dec. 5, 2007 at the Waldorf Astoria Hotel. The...
Research & Markets Analyzes Climate Change Threat to Insurers
Nov 26 2007 // Dublin-based Research and Markets announced the addition of “Global Warming & the Insurance Industry” to their offering. The study concentrates on the possible effects of the increase in the average...
Defeat for Insurance Industry; Wash. Voters Approve Referendum 67
Nov 18 2007 // Much to many insurance companies’ dismay, Washington voters approved Referendum 67, with 520,667 or 57 percent of voters in favor of the initiative to allow insureds to collect triple damages if their insurer...
Keep the McCarran-Ferguson Act Insurance Exemption
Nov 18 2007 // Federal antitrust laws are intended to ensure a competitive market by prohibiting companies from acting in concert with each other, such as through price-fixing or sharing arrangements that exclude other competitors. The...
Congress Considers Disaster Legislation to Alleviate Coastal Insurance Crisis
Nov 18 2007 // House passes measure opposed by Bush and insurance industry remains at odds on best solution Disaster legislation is hot on the minds of congressional leaders this month as a handful of bills made their way to both the...
S&P Report on Bermuda’s Re/Insurers – Cautious, but Optimistic
Nov 14 2007 // Analysts from Standard & Poor’s Ratings Services have pit together an analytical report on Bermuda’s insurance and reinsurance industry, following what S&P sees as “another excellent...
Lloyd’s Reports on Chinese Market
Nov 13 2007 // Lloyd’s has released a research report on China’s rapidly developing insurance market, which it said “explores the key trends in the Chinese non-life insurance market and the opportunities they present...
XL is Co-sponsor of Second China Leadership Conference
Nov 12 2007 // Bermuda’s XL Capital Ltd. will co- sponsor the China Insurance Industry Executive Leadership Program for the second year. The program is designed to identify and develop future leaders among the People’s...
Earnings Reports Summaries: Allianz, Allied World, CastlePoint, Hannover Re
Nov 9 2007 // The following companies, listed in alphabetical order, have recently reported third quarter and nine-month earnings results. To obtain the complete report, supplemental information, as well as the details of...
Lloyd’s CEO Discusses ‘Mega-Trends, Insurance Industry’s Future
Nov 8 2007 // “The world is changing at an exponential rate but this is not something we should fear. It is something that we should embrace and be prepared for,” Lloyd’s CEO Richard Ward told his audience at the...
Defeat for Insurance Industry; Wash. Voters Approve Referendum 67
Nov 7 2007 // Much to many insurance companies’ dismay, Washington voters approved Referendum 67 yesterday, with 520,667 or 57 percent of voters in favor of the initiative to allow insureds to collect triple damages if their...
Insurance charitable giving leaders to gather in N.Y. on Dec. 5
Nov 4 2007 // The Insurance Industry Charitable Foundation will host its first annual dinner in New York on Wednesday, Dec. 5, 2007 at the Waldorf Astoria Hotel. New York City Mayor Michael Bloomberg will be the honoree and Martin J....
How to Beat the Soft Market Blues
Nov 4 2007 // The market for management liability coverages is soft. Premiums are down, which means revenues are down. Yet there still are tremendous opportunities for proactive agents and brokers to sell the coverages, according to...
News Currents
Nov 4 2007 // Collateral conundrum: To change or not to change N.Y. steps out as first state to deliver level playing field for all reinsurers New York State Insurance Superintendent Eric Dinallo’s proposal that the highest rated...
News Currents
Nov 4 2007 // Catastrophic wildfires sweep across Southern California Industry estimates insured losses at more than $1.5 billion and rising Insured losses are continuing to accumulate from Southern California wildfires that burned in...
States under cover
Nov 4 2007 // Natural catastrophes — and the affordability and availability of property insurance in disaster-prone areas — have been on center stage in coastal states from the Northeast to the Gulf Coast. This fall, the...
Consumer Group Says Calif. Commissioner’s Aide Helped Insurers in Lawsuit
Nov 2 2007 // The Foundation for Taxpayer and Consumer Rights is claiming a former insurance industry lawyer, a senior counsel to California Insurance Commissioner Steve Poizner, covertly assisted insurance companies in a lawsuit they...
