Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
SLSOT Using Data to Better Communicate with Surplus Line Market Stakeholders
Aug 4 2016 // Surplus lines may not be the most widely understood segment of the property/casualty insurance industry but for risk managers of large organizations it’s often the go-to market for complicated risks for which...
McConnell, Anderson Join Hub International Midwest
Aug 4 2016 // Hub International Midwest, a division of global insurance brokerage Hub International Limited (HUB), has added Edward W. McConnell and Clint W. Anderson in Chicago. McConnell joins as senior vice president, national...
New York Regulator Has ‘Significant Concerns’ About Anthem-Cigna Merger
Aug 4 2016 // New York’s insurance regulator has “significant concerns” about Anthem Inc.’s proposed $48 billion acquisition of rival health insurer Cigna Corp. and will hold a hearing to address them before...
Brokers Assess Current Construction Insurance Market: Thumbs Up
Jul 29 2016 // Amid ups and downs, the construction market has nevertheless enjoyed steady growth over the past four years. Now construction insurance specialists believe the market is really heating up. The competition has carriers...
P/C Insurers Face Tough Sledding in 2016, Warns S&P
Jul 26 2016 // This year could be a tough one for U.S. property/casualty insurers as catastrophe losses, private passenger insurance woes and declining bond yields erode underwriting results and profitability, according to a report by...
SLSOT’s Essary Intent on Using Data to Better Communicate with Stakeholders
Jul 25 2016 // Surplus lines may not be the most widely understood segment of the property/casualty insurance industry but for risk managers of large organizations it’s often the go-to market for complicated risks for which...
Millennials Don’t Rule the World – Revisited
Jul 20 2016 // Recently I wrote an article about Millennials, at least that’s what many assumed. The article actually focused on the mistakes being made in our attempts to entice Millennials to join the insurance industry. Some...
Bermuda Insurance Industry Expected to Grow by 10.3% Annually Until 2019
Jul 14 2016 // The Bermuda insurance industry is projected to grow at a steady pace as a result of new regulations and consistent growth in external business, such as offshore and captive, according to a new report published by...
Zurich’s Kevelighan to Succeed Hartwig as Insurance Information Institute CEO
Jul 13 2016 // The Insurance Information Institute (I.I.I.) announced that Sean Kevelighan, most recently with Zurich Insurance, has been named president and chief executive officer, effective Aug. 8. Kevelighan brings with him 18 years...
Cyber Liability Expert Holmes Joins ID Experts in Oregon
Jul 13 2016 // Portland. Ore.-based ID Experts has named Kimberly Holmes senior vice president and counsel in cyber insurance, liability and emerging risks. Holmes will be responsible for overseeing cyber and insurance litigation...
Florida Agents Putting New Law to Work to Attract Millennials to Insurance Careers
Jul 11 2016 // Florida insurance agents are trying to bolster the industry’s track record in attracting college graduates by employing a new state law that aligns college courses with the state’s licensing requirements. The...
Velosurance Takes Cycling to the Specialty Insurance Market
Jul 11 2016 // Cycling enthusiasts everywhere are watching what might be the world’s most famous bicycling event – the Tour de France – this month. They are also watching some of the world’s most expensive bicycles, which...
London Re/Insurance Market Will Weather Brexit Storm: Execs
Jul 1 2016 // Brexit has created great uncertainty for the UK, the European Union and perhaps the world. Pretty much everyone agrees on that. But there is less agreement about how an EU exit will affect London’s financial...
Brexit Would Create Extra Burden for Reinsurers, Caution CEOs
Jun 22 2016 // While insurers and reinsurers will be able to deal with the aftermath of an exit of the U.K. from the European Union, the time and cost involved are unwelcome intrusions to the business, executives suggested here. Plan B...
Don’t Expect Surge of Private Flood Insurance Products: S&P
Jun 21 2016 // Opening U.S. flood insurance to private insurers won’t lead to a surge of new market entrants, Standard & Poor’s asserts in a new report. Even if Congress passes legislation to make the change as it is...
What Do You Get When You Combine Drones and Self-Driving Cars?
Jun 20 2016 // That’s one small step for drones, and no steps needed for mankind. Autonomous drone transport for humans. Why not? We’re eventually getting autonomous cars so you don’t have to do the driving, and drones...
Brokers Dealing with Soft Market, ‘Market Fatigue’ in Medical Professional Liability
Jun 20 2016 // Are insurance brokers experiencing “market fatigue” in the medical professional liability line of insurance right now? Could be, according to Daniel Nash, senior vice president of Field Operations and Business...
California’s Commissioner is Asking U.S. to Stop Anthem-Cigna Deal
Jun 17 2016 // California’s insurance commissioner wants the U.S. Department of Justice to block health insurer Anthem Inc.’s acquisition of Cigna Corp, saying he is concerned it will raise premiums in the state. California...
BHSI Opens German Office, Fills Key Roles in Northern Europe
Jun 16 2016 // Berkshire Hathaway Specialty Insurance Co. (BHSI) in coordination with its affiliate Berkshire Hathaway International Insurance Limited (BHIIL), announced it has opened an office in Düsseldorf, Germany, and filled key...
Persistent Soft Market Begins to Hit Reinsurer Stock Prices: A.M. Best
Jun 15 2016 // While global reinsurers are continuing to withstand challenging market conditions, their stock prices, on average, are starting to take a hit as a result of the persistent soft market and its negative effect on top line...
