Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Arch Capital Closes Acquisition of CMG Mortgage Insurance, PMI Operating Platform
Jan 31 2014 // The Bermuda-based Arch Capital Group Ltd. (ACGL) announced that its “U.S.-based subsidiaries (Arch U.S. MI) have completed the acquisition of CMG Mortgage Insurance Company (CMG MI) and the mortgage insurance...
Expect P/C Industry to Be Stable in 2014: Wells Fargo
Jan 30 2014 // Following a profitable year for the property/casualty insurance industry, the P/C market will be stable and competitive in 2014, according to a report issued Thursday. The Wells Fargo Insurance 2014 Insurance Market...
N.Y. Regulator Talks About Insurance Markets, 2014 Agenda
Jan 30 2014 // A top official from New York State’s Department of Financial Services (DFS) recently spoke about the state’s property/casualty insurance markets, calling it overall very good but “a bit more of a mixed...
Austin Insurance Professionals Hike Fundraising Goal; State Auto Offers Challenge
Jan 29 2014 // With an original goal of raising $300,000 for the United Way of Greater Austin, the response from area insurance professionals was so successful during the first six months of the campaign that the Insurance Industry...
Oasis’ ‘Open Source’ Cat Model – a User Friendly Game Changer?
Jan 29 2014 // “We’ve been working on the development of an open source framework for catastrophe models for the last three years, but the idea for the project originated well before,” said Trevor Maynard, Head of...
Oasis Consortium of 21 Insurers, Brokers Launches Independent Cat Model
Jan 28 2014 // The Oasis Loss Modelling Framework has unveiled what it describes as “the most significant development in the modelling of natural catastrophe losses for 20 years”— the launch of an independent, global, open...
Part II – Reinsurance: Emerging Markets and Risks – the Road Ahead
Jan 27 2014 // As detailed in Part I, the reinsurance industry faces the task of partially reinventing itself to expand in those sectors where it can achieve growth. Property catastrophe coverage isn’t off the table, but it’s...
P/C Insurance Joint Industry Forum: Insurers Say 2014 Will Not Be As Good as 2013
Jan 27 2014 // The U.S. property/casualty insurance industry reported strong performance in 2013, but in 2014, the industry may find it difficult to match last year’s results as insurers begin to face more headwinds, according to...
McKinsey Report Gets It Wrong on Independent Agents
Jan 27 2014 // For decades the experts have been betting against independent insurance agents, yet they keep winning. Why? The consultants, finance guys, and others who populate the skyscrapers on Wall Street discount the power of the...
Insurance Industry Trends for Agencies to Exploit in 2014
Jan 27 2014 // In order to be a step ahead of the competition it is best to be proactive. One can do this by understanding and exploiting current and future trends. It is easy to predict trends by understanding recurring cycles and...
Surplus Lines in 2013: A Stable Market with Moderate Growth
Jan 27 2014 // The Trend Is Expected to Continue The excess and surplus lines insurance industry was in a good place last year, characterized by a stable market and moderate growth, according to one executive who is bullish on the...
Reinsurance at Crossroads As New Factors Sweep Away Old Habits
Jan 23 2014 // Part I – The Market in the Developed Economies A significant number of reinsurance treaties were renewed this month, heavily concentrated in property catastrophe coverage. It’s become apparent, however, that this...
Ex-Treasury Official Wolin Urges Federal, State Collaboration to Improve Regulation
Jan 17 2014 // To make continued improvements in the U.S. insurance regulatory system, it’s imperative for state and federal officials to work collaboratively and share information and perspectives, said former Deputy Treasury...
Online Platform Bolt Solutions Wins Patent for Systems Incompatibility Fix
Jan 16 2014 // Online property/casualty insurance systems provider Bolt Solutions Inc. said it has been issued a patent for its “apparatus and methods” for facilitating compatibility between different computer systems and,...
P/C Insurers Face Challenge to Match 2013 Results in 2014
Jan 15 2014 // The U.S. property/casualty insurance industry reported strong performance in 2013, but in 2014, the industry may find it difficult to match last year’s results as insurers begin to face more headwinds, according to...
Iowa to Host Global Insurance Symposium in 2014
Jan 13 2014 // Iowa officials say a new insurance symposium set for next year in Des Moines is aimed at bringing top industry experts to the area. Iowa Insurance Commissioner Nick Gerhart said the two-day Global Insurance Symposium will...
Lloyd’s Underwriters Warn of Rising Danger from Cyber Terrorism
Jan 3 2014 // An article on the Lloyd’s website notes that “industrial facilities from nuclear plants to dams are increasingly coming under attack from cyber terrorists bent on causing physical damage and disruption from...
Iowa to Host Global Insurance Symposium in 2014
Dec 31 2013 // Iowa officials say a new insurance symposium set for next year in Des Moines is aimed at bringing top industry experts to the area. Iowa Insurance Commissioner Nick Gerhart said the two-day Global Insurance Symposium will...
Check-Up Service Helps Insurance Industry Navigate Licensing Maze
Dec 24 2013 // Some insurance professionals and agencies have been known to fall behind on the paperwork required for licensing and, in some cases, not even know what licenses they have in effect at any given time. It’s...
P/C Insurers Boost Bottom Line on Big Gain in Underwriting Through 9 Months
Dec 23 2013 // Private U.S. property/casualty insurers’ net income after taxes rose to $43 billion in nine-months 2013 from $27.8 billion in nine-months 2012, with insurers’ overall profitability as measured by their...
