Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Brokers See No Change in Sight for Apartment Market
Jun 20 2011 // Rates Remain Competitive Despite Fewer Carriers, More Catastrophe Losses For apartment owners, the insurance market remains as competitive as it gets. Despite the sometimes heavy exposures that encompass the habitational...
Willis’ Plumeri Cites ‘BRIC Growth’ as Potential Insurance ‘Golden Age’
Jun 17 2011 // Joe Plumeri, Chairman and CEO of Willis Group Holdings, told delegates at the Insurance Day Conference in Bermuda that the insurance industry is entering a “golden age” of opportunity. He cited the fact that...
New Zealand Quakes Drive Insurance Market Changes
Jun 16 2011 // A string of earthquakes in New Zealand is sending tremors through the global insurance market with some companies delaying underwriting policies and others turning to capital markets to offset the risk of pile-on damage...
Porrino to Join XL Group as Executive VP, CFO
Jun 16 2011 // The XL Group plc has announced the appointment of Peter R. Porrino as Executive Vice President and Chief Financial Officer. He will join the Company in late August. He has more than 30 years of experience working in and...
Vietnam Insurance Market Readies for Foreign Insurers, New Regulations
Jun 14 2011 // The Vietnamese insurance industry is expected to experience significant change within the coming years as it continues to open up to foreign insurers, and the country’s regulatory framework evolves. Vietnam’s...
Insurers Meet in Canada on United Nations Sustainability Principles
Jun 13 2011 // Canada is this week hosting the third of seven United Nations conferences to develop a set of sustainability principles for the insurance industry. Insurance industry CEOs and other senior executives from Bermuda, Canada...
P/C Insurance Industry Wins, Loses in Scott’s First Session
Jun 10 2011 // It is axiomatic in Florida that when it comes to the legislature and insurance issues, the power brokers play for the last 72 hours. No matter how many committee meetings, no matter how many press conferences, no matter...
Will New Legislation Help Florida’s Property Insurance Market?
Jun 7 2011 // Florida hasn’t been hit by a hurricane since the disastrous years of 2004 and 2005, but the state’s property insurance companies say they are still losing money despite collecting billions in premiums. That has...
Need for Global Insurance Standards Driven by Financial Crisis, Solvency II
Jun 7 2011 // While the European Union is primarily focused on the approach of the Solvency II regulations in 2013, there are two additional regulatory bodies who are also considering some new rules that will affect not only the EU, but...
Declarations
Jun 6 2011 // The Final Straw? “It’s only a large U.S. event that can turn things around. The U.S. is the biggest insurance market with the biggest exposures.” —Amit Kumar, an analyst at Macquarie in New York. The...
Declarations
Jun 6 2011 // The Final Straw? “It’s only a large U.S. event that can turn things around. The U.S. is the biggest insurance market with the biggest exposures.” —Amit Kumar, an analyst at Macquarie in New York. The...
Declarations
Jun 6 2011 // Compromise on Lawsuits “You can be assured that you can go to the courthouse and not face the prospect of ruination by pursuing a constitutional right.” —Texas trial attorney Mike Gallagher comments on a...
Declarations
Jun 6 2011 // A Bomb on Every Floor “It truly was like a bomb went off almost on every floor.” —Gary Pulsipher, chief executive at St. John’s Regional Medical Center in Joplin, Mo., describes the damage caused to the...
From Bad to Worse
Jun 6 2011 // When people think unpleasant events are over, they remember them as being less painful or annoying than when they expect them to happen again. That is due to the power of expectation, a power that helps people brace for...
Mobile Food Vendor Market Explodes as Insurance Market Evolves
Jun 6 2011 // In just about every metropolitan area nationwide hungry customers can appease their appetites by visiting the neighborhood taco truck. The traditional taco truck sells more than just tacos these days – a lot more....
Living with Solvency II; A Top Regulator Gives His Views
Jun 3 2011 // Solvency II, the European Union’s imminent imposition of new and more sophisticated risk based regulation of its insurers, may not be the only elephant in the room It is, however the main focus of a great deal of...
Will Next Big Nat Cat Turn Cycle? ‘Maybe’ Say Reinsurance CEOs
May 31 2011 // The reinsurance world has always been a bit arcane, but rarely to the extent it appears to be right now. Henry Keeling, the president and CEO of Guy Carpenter’s international operations, noted at the European...
S&P Sees High Growth Potential for India’s P&C Market
May 26 2011 // Standard & Poor’s Ratings Services has published a report, which concludes that the Indian non-life insurance sector has “substantial growth potential because market penetration remained low–leaving...
Insurance Industry Charitable Foundation Names Midwest Directors
May 25 2011 // The Insurance Industry Charitable Foundation approved the Midwest division board of directors and executive committee. Twelve senior executives representing companies operating in the Chicago area serve on the...
National Interstate Enters Ambulance Insurance Market
May 18 2011 // National Interstate Insurance Co., a provider of transportation insurance, has entered the ambulance insurance market through a relationship with McNeil & Company, Inc.. The Ambulance Services Insurance Program (ASIP)...
