Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Lloyd’s Seeks to Open Reinsurance Branch in Mumbai, India
Apr 1 2016 // Lloyd’s announced it intends to file an application to open a reinsurance branch in Mumbai, following the publication of regulations governing the Lloyd’s market earlier this week by the Insurance Regulatory...
Climate Change Easy Bet to Be Hot Topic at Insurance Regulators’ Meeting
Mar 31 2016 // Mark down the Climate Change and Global Warming Working Group as the odds-on favorite committee to produce the most interesting chatter during the National Association of Insurance Commissioners meeting next week in The...
Ideas, Innovation and Mentorship Mix at Global Insurance Accelerator
Mar 30 2016 // Iowa, and Des Moines in particular, in the 1980s fostered a business climate that enabled insurance and financial institutions to prosper there. Today, the focus is on creating an environment that supports innovation and...
March 31: Deadline for Early Registration for Global Insurance Symposium
Mar 28 2016 // The early bird registration deadline for the third annual Global Insurance Symposium is Thursday, March 31. The Global Insurance Symposium will be held on April 26-28, 2016 in Downtown Des Moines, Iowa. It is hosted by the...
Prepare for Disruption in High Net Worth Insurance Segment
Mar 28 2016 // ACE’s $28.3 billion purchase of Chubb will create a major disruption in the luxury insurance market. When the integration of the two insurers is complete, the new company is anticipated to control approximately $6...
The Final 2: Bragg, Hager Last Men Standing for Florida Commissioner Job
Mar 25 2016 // For the first time in 13 years, Florida is preparing to appoint a new insurance commissioner. The pool of 55 candidates has been whittled down to just two. Per recommendation of the Florida Cabinet, Jeffrey Bragg and...
PartnerRe’s $6.9B Sale to EXOR Completed; Fitch Issues Downgrade
Mar 21 2016 // PrtnerRe’s new owner EXOR has closed its $6.9 billion acquisition of the Bermuda-based reinsurer, and Fitch Ratings quickly responded with a ratings downgrade that reflects some pessimism over the transaction and the...
Commentary: Florida’s Failure to Pass AOB Reforms Will Impact State Insurance Market
Mar 21 2016 // Following the 2016 Florida Legislative Session’s failure to pass essential assignment of benefit (AOB) reforms, the insurance industry and Citizens Property Insurance Corp. are working in tandem with the Florida...
D&O Marketplace Continues to See Softening Rates
Mar 21 2016 // The directors and officers (D&O) liability marketplace continues to find softening rates and intense competition especially in excess layers, according to industry executives. The industry is also seeing a continuing...
HOT Markets: Drones, Cyber and More
Mar 21 2016 // Looking for new sales and opportunities in 2016? Here are a few of the top market sectors that just might deliver hot opportunities for agents and brokers in the property/casualty insurance industry this year. Sky’s...
Tennessee Reports 37% Growth in Captive Insurance Industry
Mar 21 2016 // The Tennessee Department of Commerce & Insurance (TDCI) announced that 57 new captive insurance companies domiciled in the state in 2015 – a 37 percent increase over 2014. The new captives are comprised of 47...
How Will Paris Agreement Change The Insurance Industry?
Mar 17 2016 // The sweeping agreement to reduce carbon emissions and battle climate change hammered out by world leaders last year could be greatly transformative for the insurance and reinsurance industry, according to industry experts...
Penn. Hails House Committee Passage of Private Flood Insurance Bill
Mar 17 2016 // Pennsylvania Insurance Commissioner Teresa Miller hailed a recent vote by the U.S. House of Representatives Financial Services Committee approving the Flood Insurance Market Parity and Modernization Act (H.R. 2901). Miller...
Munich Re Expects Profit Drop in 2016 on Soft Market, Low Interest Rates
Mar 16 2016 // Munich Re, the world’s second-biggest reinsurer, expects profit to decline this year as falling prices for its products and low interest rates weigh on investment earnings. The company plans to repurchase 1 billion...
2 Instech Startups Target Small Business Insurance Market
Mar 15 2016 // Small business insurance providers will soon have two new competitors from the technology world. Next Insurance, an online shopper for small businesses, today announced a $13 million seed investment led by investors Zeev...
What About Cuba as an Insurance Market?
Mar 15 2016 // There may be opportunities for some businesses including insurers in Cuba as the U.S. restores diplomatic ties but there are also significant cultural and regulatory challenges, according to a report from the...
Arizona Insurance Council Now Arizona Insurance Institute
Mar 9 2016 // The board of directors of the Arizona Insurance Council has changed the name of its property/casualty insurance trade association. The group will now be operating as the Arizona Insurance Institute. The name change is to...
How Insurance for Nonprofits Has Changed for the Better
Mar 9 2016 // When Pamela Davis started in the insurance industry 26 years ago, there were few insurance markets willing to take on the unique risks of nonprofit organizations. Back then, says Davis, who is now president and CEO of the...
Untested Cyber Coverage Remains ‘Volatile,’ Experts Say
Mar 4 2016 // With cyber insurance premiums expected to grow from around $2 billion in 2015 to an estimated $20 billion or more by 2025, insurers and reinsurers are continuing to work out underwriting requirements, and the market can be...
H.W. Kaufman Financial Group Promotes Daniel J. Kaufman to Sr. VP
Mar 4 2016 // Michigan-based H.W. Kaufman Financial Group announced that Daniel J. Kaufman has been promoted to senior vice president and appointed to its board of directors. He represents the third generation of Kaufman family...
