Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Willis Issues Annual Reinsurance Marketplace Review
Jan 7 2005 // Global insurance broker Willis Group Holdings has released its reinsurance review of the marketplace for the January 1, 2005 renewals. The Willis Re report includes information on rate movements and commentary from...
Best Affirms Singapore Re Ratings
Jan 6 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating of “a-” of Singapore Reinsurance Corporation Limited (Singapore Re) with a...
S&P Issues Report on Latin American Reinsurance
Jan 5 2005 // Standard & Poor’s Ratings Services has issued a report entitled, “The Latin American Reinsurance Industry: Underdeveloped, With Potential,” which points out that the “underdeveloped Latin...
Conning Says P/C Reserve Position Grows in 2003
Jan 4 2005 // Reserve deficiencies, which have plagued property/casualty insurers in recent years, improved dramatically in 2003, according to a new study by Conning Research & Consulting. The Conning Research study,...
Commercial Property Market Survives Extraordinary and Ordinary Catastrophes
Jan 3 2005 // The commercial property market took a huge hit from four major hurricanes that struck the U.S. mainland this past year. The full effects may have yet to be felt, however, it looks like commercial property insurers came...
Mid-Size Brokers Hope to Gain From Industry Stumbles
Jan 3 2005 // While the contingent commissions controversy has been roiling the upper decks of the insurance industry, mid-size brokers and carriers could benefit from increased disclosure, heightened professionalism among its ranks,...
Partnership to Improve Hurricane Preparedness
Jan 3 2005 // Floridians will long remember 2004 as the year of the hurricane. The Atlantic region had 15 named storms, nine of them hurricanes. Of those, four hit Florida in the span of six weeks. Recently, hurricane forecaster William...
From thoughts and words to deeds…
Jan 3 2005 // I am guilty of making New Year’s resolutions and then forgetting about them come March. In fact, in the beginning, my resolutions were only in my head. I guess somewhere along the way, probably back when I was in...
2005 P/C industry in a word: Resilience
Jan 2 2005 // The property/casualty insurance industry reported a statutory rate of return on average surplus of 9.5 percent through the first nine months of 2005, marginally below the 10.5 percent average return recorded during...
Best Reports P/C Industry Maintains Underwriting Profit, Despite “Unprecedented Cat Events”
Dec 28 2004 // A.M. Best Co. has released a year-end report on the U.S. P/C industry, which indicates that, “despite the colossal hurricane losses posted during the third quarter of 2004,” it “reported very strong...
HRH Releases D&O Snapshot and Forecast for 2005
Dec 23 2004 // Hilb Rogal & Hobbs has released its Directors and Officers Liability Snapshot and Insurance Market Forecast for 2005. Legislation, regulatory activity, litigation and corporate governance requirements continue to...
S&P Publishes U.S. P/C Industry ‘Report Card’
Dec 23 2004 // According to a study published today by Standard & Poor’s Ratings Services, the U.S. property/casualty insurance industry has experienced greater ratings stability in 2004, primarily due to improved...
Dallas Industry Day Focuses on Profitability, Tort Reform, Ratings
Dec 20 2004 // Texans like to say everything is bigger in Texas, but economist Robert P. Hartwig came to Dallas to explain that big numbers alone aren’t worthy of celebration. The Texas insurance industry, for example, enjoys big...
New York Agents See Hard P/C Insurance Market Lingering
Dec 20 2004 // Independent agents and brokers in New York see premium rates continuing to increase and coverage choices failing to improve for most lines of property casualty insurance in the state despite industry and press reports to...
Spitzer Investigation Dishes Out Winners, Losers in Financial Services Industry
Dec 20 2004 // The insurance industry continues to make the news even a month and a half after Attorney General Eliot Spitzer filed his lawsuit against Marsh and McLennan for bid rigging and receiving contingent commissions. Contingent...
Fla. Comp Rules Repealed, Little Effect Seen on Insurance Industry
Dec 20 2004 // In early December the Florida Supreme Court decided it lacked jurisdiction and repealed Florida’s workers’ compensation rules it had previously enacted. According to knowledgeable industry experts, the action...
‘Girly Men’ and the Real World: The Public Role in Extreme Risk-Sharing
Dec 20 2004 // The Wharton School professor argued that insurance companies are not “girly men” when it comes to providing coverage for extreme risks such as hurricanes and terror attacks. It’s the federal...
‘Girly Men’ and the Real World: The Public Role in Extreme Risk-Sharing
Dec 17 2004 // The Wharton School professor argued that insurance companies are not “girly men” when it comes to providing coverage for extreme risks such as hurricanes and terror attacks. It’s the federal...
S&P Report Concludes Australian P/C Industry Stable
Dec 14 2004 // The credit outlook on Australia’s nonlife insurance industry will remain stable in 2005, despite moderation in earnings, according to Standard & Poor’s Ratings Services latest industry report card on...
N.Y. Agents’ Survey Sees Lingering Hard Market
Dec 9 2004 // Independent agents and brokers in New York see premium rates continuing to increase and coverage choices failing to improve for most lines of property casualty insurance in the state despite industry and press reports to...
