Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Embrace Diversity
Oct 5 2015 // Willis Great Britain CEO Nicolas Aubert issued a call to the re/insurance industry to embrace diversity. Challenging the status-quo, he said the industry needs to employ a truly meritocratic approach to hiring. Aubert was...
IICF Week of Giving About Helping, Hope and the Future Starts Oct. 10
Oct 2 2015 // Giving can go well beyond being a mere act of philanthropy. That’s the thinking behind the upcoming Insurance Industry Charitable Foundation event from Oct. 10 through Oct. 17. The IICF Week of Giving, formerly known...
UK Insurers Call for Collective Action to Address Climate Change
Oct 1 2015 // Lloyd’s of London and other UK insurers called for collective action to address climate change on Thursday, after a report from the UK regulator this week highlighted risks to their industry from global warming. In...
How P/C Mutual Insurers Perform Compared to P/C Industry
Sep 30 2015 // Mutual property/casualty insurers tend to underperform the property/casualty insurance industry as a whole in several areas of performance, a new report says. However, the A.M. Best report notes, the mission of a mutual...
Willis GB CEO Tells Insurance Industry It Must Embrace Diversity
Sep 29 2015 // Willis Great Britain CEO Nicolas Aubert issued a call to the re/insurance industry to embrace diversity. Challenging the status-quo, he said the industry needs to employ a truly meritocratic approach to hiring. Aubert was...
Treasury Names 9 to Panel on Private Insurance Market for Terrorism Risk
Sep 24 2015 // The U.S. Department of the Treasury today announced the appointment of nine people to serve as members of the Advisory Committee on Risk-Sharing Mechanisms (ACRSM) to spur the private market for terrorism insurance. The...
The Hartford’s Nelligan Named Chairman of IICF’s Texas/Southeast Division
Sep 22 2015 // The Insurance Industry Charitable Foundation (IICF) has named Tim Nelligan, central division executive for The Hartford, as chairman of its Texas/Southeast division board of directors. Nelligan assumes the chairmanship...
Californians Pushed by Wildfires into High-risk Insurance Market
Sep 21 2015 // There are lots of reasons people live in California’s Modjeska Canyon. Nestled against the mountains and abutting the Cleveland National Forest, the area has abundant wildlife and access to nature, yet is just a 20...
Monte Carlo 2015: Reinsurers Reexamine How They Do Business
Sep 21 2015 // The annual Rendez-Vous de Septembre in Monte Carlo, Monaco traditionally focuses on one or two signatory concerns within the industry. This year, things were different. The 2,700 registered attendees were faced with...
Why Now Is Time to Privatize Flood Insurance: A Candid Conversation with Hiscox USA CEO Walter
Sep 21 2015 // The private insurance industry is ready and anxious to take on flood risk, and politicians should reform the federal program now to take advantage of this interest, according to the U.S. executive of a leading specialty...
Former Microsoft Executive Hartnett Named ACORD Innovation Chief
Sep 17 2015 // The insurance industry’s standards organization, ACORD, announced that Bill Hartnett, former financial services and insurance head at Microsoft, has been named its head of innovation, charged with bringing new ways...
Guy Carpenter Report Examines Major Emerging Risks Facing Re/Insurers
Sep 16 2015 // A report published by Guy Carpenter & Co., released Sept. 2015, identified four key areas of emerging risk for re/insurers: cyber risk, technology risk, casualty catastrophe and reserving, and life, health and...
Why Now Is Time to Privatize Flood Insurance: a Candid Conversation with Hiscox USA CEO Walter
Sep 14 2015 // The private insurance industry is ready and anxious to take on flood risk, and politicians should reform the federal program now to take advantage of this interest, according to the U.S. executive of a leading specialty...
“Biggie Award” Winners Announced at Big Minivention
Sep 9 2015 // BIG Independent Group Awards Accolades at Annual Northern California Event Rancho Cucamonga, CA, September 9, 2015 – The BIG Independent Group (www.biginsusa.com), an association of independent insurance agents and...
Pending Mergers Will Harm Health Insurance Competition: AMA
Sep 8 2015 // The nation’s doctors say the proposed mergers among four of the nation’s largest health insurance companies would violate federal antitrust guidelines and seriously erode health insurance competition. According...
Xuber Survey Finds London Insurance Execs Fear ‘Brexit’
Sep 8 2015 // Xuber, Xchanging’s insurance software business, has published a survey, which concludes that almost three-quarters (71 percent) of insurance executives believe a UK exit from the European Union would be bad for...
BHSI Enters Australia Construction Insurance Market; Appoints Team Execs
Sep 8 2015 // Berkshire Hathaway Specialty Insurance Company (BHSI) announced it is providing comprehensive insurance and services for the construction industry in Australia and named a team of executives to oversee key areas of its...
Hurricane Katrina: Every Number Tells a Story
Sep 7 2015 // In a 25-year span leading up to 2005, homeowners insurers in Louisiana wrote a total of $13 billion in homeowners insurance premium, from which they earned $1 billion in profit, according to the chief actuary at the state...
10 Drivers of Surplus Lines Growth
Sep 7 2015 // Times are good for surplus lines professionals. The surplus lines industry reached new heights in 2014, growing direct premium written (DPW) in 2014 to $40.2 billion – the highest point in history, reports A.M....
Lloyd’s and its Syndicates 2015 – Adapting to Changing Times
Sep 7 2015 // If one word could describe Lloyd’s of London, it would be “change.” There are very few business enterprises that have stayed in business as long as Lloyd’s – 327 years. It has survived wars,...
