Latest Market Headlines

R&M Reports on Australian Insurers

Jan 29 2007 // Dublin-based Research and Markets announced the addition of Australian Insurance Industry: An Analysis to their offering. “This report is a detailed study about the Australian insurance industry and its various...

Windstorm expected to be major insurance issue for Texas lawmakers

Jan 29 2007 // Funding for the Texas Windstorm Insurance Asso-ciation (TWIA) may not be the only insurance issue on lawmakers’ plates during the 2007 session of the Texas Legislature, but it will likely be the most high profile...

Coping with catastrophe

Jan 29 2007 // Ten things agents and brokers can do to help clients obtain adequate cat coverage When it comes to property catastrophe insurance coverage, many commercial clients are being forced to swallow a bitter pill in the form of...

Private equity market bullish on E&S brokers

Jan 29 2007 // By mid-November more than $500 billion in private equity transactions had occurred in 2006, $100 billion in Oct. 2006 alone, according to Andrew Rosen, a partner with private equity firm HM Capital Partners. Dallas-based...

Now Is No Time to Ease Up on Loss Prevention, Warns Risk Expert

Jan 29 2007 // The insurance industry and its customers must not let down their guard concerning loss prevention despite a mild hurricane season and a quiet time on the terrorism front in the U.S., advises an expert in risk and...

Pricing discipline key to P/C insurers’ repeat performance in 2007

Jan 28 2007 // News Currents Property casualty insurance industry earnings may have peaked in 2006 but that doesn’t mean 2007 will see a reversion to reckless price cutting and relaxed underwriting, according to experts observing...

Jan 28 2007 // People Citizens Property Insurance Corp.’s board of governors voted unanimously to recommend interim President Scott Wallace be appointed to the post permanently. Wallace was selected from more than 70 candidates by...

Private equity market bullish on E&S brokers

Jan 28 2007 // By mid-November more than $500 billion in private equity transactions had occurred in 2006, $100 billion in Oct. 2006 alone, according to Andrew Rosen, a partner with private equity firm HM Capital Partners. Dallas-based...

Cyber liability market is older, wiser, smarter and still growing

Jan 28 2007 // The need for cyber coverage is growing. More companies are growing their revenue through online sales. As a result, they are becoming more exposed. Beginning a New Year provides an opportunity to reflect on challenges and...

How Democratic Congress might approach federal insurance regulation

Jan 28 2007 // News Currents The Professional Liability Underwriting Society (PLUS) held its international conference in Chicago in late 2006. Moderating the panel was television journalist Forrest Sawyer, a 24-year veteran of ABC, CBS...

People

Jan 28 2007 // Lloyd’s of London announced that Julian James, its director-worldwide markets, will be leaving at the end of April to join Lockton International. James has been responsible for all Lloyd’s commercial activities...

There’s lot insurers do not like in Florida’s property insurance fix

Jan 28 2007 // Legislators rolled up their sleeves, ripped off their ties and unbuttoned their collars as a special legislative session on property insurance came to a head in Florida. After six days of conferring, negotiating and...

Windstorm expected to be major insurance issue for Texas lawmakers

Jan 28 2007 // Funding for the Texas Windstorm Insurance Asso-ciation (TWIA) may not be the only insurance issue on lawmakers’ plates during the 2007 session of the Texas Legislature, but it will likely be the most high profile...

Swiss Re Backs Independent European Agency to Assess Nat Cat Risks

Jan 23 2007 // Swiss Re has issued a “focused report,” which assess the growth of the catastrophe bond market and calls for the establishment of an independent agency to “aggregate European claims data and provide the...

Vermont Captive Insurance Industry Continues to Expand

Jan 23 2007 // “Steady and sustained growth,” is how Vermont officials described 2006’s final tally for captive insurance as 37 new captive insurance entities were licensed. New to the nation’s largest captive...

Insurer Trade Group Launches Global Warming Web Site

Jan 18 2007 // The National Association of Mutual Insurance Companies (NAMIC) has unveiled a new website, www.climateandinsurance.org , to help address the increasing concerns about climate change and its impact on the property/casualty...

Industry Charity Names Nazeri as N.Y. Division Leader

Jan 17 2007 // The Insurance Industry Charitable Foundation has named Haleh Nazeri as executive director of its newly launched New York Division. Nazeri is the first executive director of the New York Division. In this full-time position...

Fla. Officials Get to Work as Special Insurance Session Opens

Jan 17 2007 // In the hours leading up to the opening of a special legislative session in Tallahassee aimed at slowing Florida’s rising insurance costs, lobbyists, elected officials and citizens weighed in on ways to resolve the...

Wanna Get Away? See the USA? Insurance Journal Tracks ’07 Meetings

Jan 16 2007 // Looking to rub elbows with industry leaders? Maurice “Hank” Greenberg will be in Atlanta and Lord Peter Levene of Lloyd’s will be in Singapore. Feel like networking among the stars? Fox News commentator...

Casino Magnate Wynn Pokes Lloyd’s Over Damaged Picasso Offer

Jan 15 2007 // The casino magnate who accidentally poked a hole in a Picasso painting said insurer Lloyd’s of London has offered to settle his $54 million claim of lost value, but the talks aren’t going the way he’d...