Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Swiss Re to Host Year-End Economic and Insurance Industry Review 2003/Outlook 2004
Dec 8 2003 // Swiss Re will host is annual conference on this year’s industry results, and the prospects for 2004, in New York City on, Wednesday, December 10, from 8:45 am to 10:00 am at Park Avenue Plaza, located at 55 East 52nd...
Analysts Weigh Travelers Deal, Other Issues
Dec 1 2003 // It’s “inevitable” that the advanced merger discussions between Travelers Property Casualty Corp. and St. Paul Companies succeed, according to one industry analyst. Though most insurance industry...
Profitable or Not’ U.S. P/C Industry Struggles to Get Ahead
Dec 1 2003 // While U.S. property and casualty insurance carriers have worked hard in the past couple of years to follow the “return to underwriting” command, looking critically at the risks they’re insuring and...
How to Develop Program Business Despite Tough Market Standards
Dec 1 2003 // Over the past several years, launching new insurance programs—both from the perspective of potential producers (MGAs, retail agent groups, and wholesalers) and the specialty insurance carriers—has been difficult. The...
Reinsurance in the Program Marketplace
Dec 1 2003 // For the past several years, the reinsurance market has recorded some of the worst results ever. A decline in capacity and exposures to costly losses industry-wide have produced less than desirable profitability results...
How to Develop Program Business Despite Tough Market Standards
Dec 1 2003 // Over the past several years, launching new insurance programs—both from the perspective of potential producers, such as MGAs, retail agent groups and wholesalers, and the specialty insurance carriers—has been...
Analysts Weigh Travelers Deal, Other Issues
Dec 1 2003 // It’s “inevitable” that the advanced merger discussions between Travelers Property Casualty Corp. and St. Paul Companies succeed, according to one industry analyst. Though most insurance industry...
U.S. Marine Insurers Predict Continued Profitability
Nov 24 2003 // U.S. ocean marine insurers expect 2003 full-year results will show continued profit as underwriters maintain their pricing discipline, according to David French, chairman, American Institute of Marine Underwriters...
$1.5 Million, 50,000 Volunteer Hours Donated During IICF Bridgeweek
Nov 21 2003 // The insurance industry in the East Bay put down their pencils and put on their work clothes again this year in celebration of the Insurance Industry Charitable Foundation’s Bridge Week. Teams of volunteers from local...
S&P Gives Italian Insurance Market a Stable Outlook, Cites Good Fundamentals
Nov 19 2003 // A recently published report from Standard & Poor’s Ratings Services notes that it has revised its outlook for the Italian insurance market to stable from negative, citing good business fundamentals in both the...
U.S. P/C Industry’s Profitability Continues Downward Slide Despite Recent Premium Growth
Nov 19 2003 // Despite reported significant premium growth since 1998, the U.S. property/casualty industry’s profitability continues its long downward trend, an industry leader said Tuesday. Speaking at the annual meeting of the...
Insurers Question NAIC Budget Reserves
Nov 17 2003 // Insurance industry representatives are unhappy with a budget proposed by the National Association of Insurance Commissioners, the quasi-governmental body that collects insurers’ annual financial statements and...
Insurers Question NAIC Budget Reserves
Nov 17 2003 // Insurance industry representatives are once again unhappy with a proposed budget of the National Association of Insurance Commissioners (NAIC), the quasi-governmental body that collects insurers’ annual financial...
IIAD’s All Industry Day to Feature Town Hall Meeting on Terrorism
Nov 12 2003 // The Independent Insurance Agents of Dallas announced it will hold the annual All Industry Day on Nov. 25. The event, “Confronting Terrorism, Not If, But When,” is sponsored by state and local insurance...
Best Affirms Korean Re ‘A-‘ Rating
Nov 7 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of A- (Excellent) of Korean Reinsurance Company (KRIC) with a stable outlook. “The rating reflects the company’s significant...
Commercial Buyers Report Hard Market May Be Softening; Recent Jumps Subside in Q3
Nov 5 2003 // Commercial insurance buyers say the skyrocketing increases in costs of many insurance policies showed signs of stabilizing in the third quarter, according to the RIMS Benchmark Survey, an industry survey of market...
Speare & Company Entertains a Successful Business Approach
Nov 3 2003 // In our continuing series on Agency Insights, we look at Calif.-based Speare & Company, which offers property/casualty and employee benefits insurance brokerage services and risk management solutions to a wide variety...
Professional Liability/E&O Here Today, Gone Tomorrow
Nov 3 2003 // Professional liability and errors & omissions (E&O) are two coverages that just aren’t yet seeing the impending softening of the hard market—and are unlikely to anytime soon. These days, the professional...
The Reinsurance World 2003 – Capacity, Profitability and ‘The Cycle’
Nov 3 2003 // A year ago the reinsurance world had an optimistic side most companies had survived their exposures to 9/11 and premiums were rising. A pessimistic side reflected a 25 percent decline in capacity, thus limiting new...
NAII’s Annual Meeting Features Celebrity Speakers, Wheeling and Dealing
Nov 3 2003 // Where do you go to see a best-selling business author, a folksy economist, wisecracking political pundits, a college football star turned ex-Congressman and a bona fide American military hero? The National Association of...
