Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Recruiting and Retention in the New Economy
Oct 21 2013 // We made it! We survived the economic instability of the past few years and have more than rebounded. The insurance industry is well ahead of the greater economy; and the picture painted by our labor market is much...
Members of Aon Benfield’s Analytics Team Explain Cat Models
Oct 18 2013 // “Our remit at Aon Benfield Analytics is really to do the risk quantification part of reinsurance transactions,” said John Moore, the head of International Analytics operations. He’s responsible for...
IICF, Cookie Monster Promote Early Childhood Literacy
Oct 17 2013 // It’s hard to conceive of taking a step farther away from the topic of insurance than having a big, hairy blue monster drive home your point. But that’s just what the Cookie Monster did when he walked into the...
MAPFRE Enters Indonesian Market with 20% Stake in ABDA
Oct 17 2013 // Spain’s MAPFRE announced that it has acquired a 20 percent stake in the Indonesian insurance company Asuransi Bina Dana Arta (ABDA), and “has established a partnership in which MAPFRE becomes the industrial...
Best’s Report on Latin America Insurance Market Highlights Growth
Oct 16 2013 // A newly issued report from A.M. Best cites International Monetary Fund (IMF) statistics, showing that “Latin American countries had an estimated population of 581 million in 2012 and a combined gross domestic...
IICF Teams Up With Sesame Street to Promote Early Childhood Literacy
Oct 11 2013 // Research shows that prior to starting school, children from high-income families benefit from 400 hours more literacy-related activities than children from low-income families. Furthermore, by age four, a high-income child...
The Next Generation of Leaders
Oct 7 2013 // The insurance industry is facing a crisis. Twenty percent of the insurance workforce is near retirement age, compared to only 15 percent of the broader financial services workforce. By 2018, the number of the insurance...
Insurance Industry Changes to Follow Wicked Colorado Weather
Oct 7 2013 // As the sun peeked out of the normally bright blue Colorado sky, homeowners and businesses began to assess the damage done by the 100-year flood, as weather experts have labeled the devastating rain that pummeled the...
Lloyd’s CEO Richard Ward Reflects on ‘Nearly 8’ Eventful Years
Oct 6 2013 // Lloyd’s CEO Richard Ward is stepping down from the post at the end of the year. Despite the catastrophes of 2005 and 2011, the two costliest years in the industry’s history, as well as the financial crisis, he...
Insurers Respond to Risk Managers at FERMA Forum – Part 2
Oct 4 2013 // After the risk managers expressed their views on how re/insurance carriers were handling such matters as innovation, new policies and claims handling at the Federation of European Risk Management Associations’...
FERMA Offers Trialogue between Risk Managers, Carriers and Brokers – Part 1
Oct 4 2013 // The insurance industry may have given the world a new word – “trialogue,” meaning a three way conversation. Oddly enough the first person to use it at the Federation of European Risk Management...
Underwriting, Investment Gains Boosted P/C Insurers’ Bottom Line in First Half 2013
Oct 3 2013 // Private U.S. property/casualty insurers’ net income after taxes rose to $24.5 billion in first-half 2013 from $17.2 billion in first-half of last year. Insurers’ overall profitability as measured by their...
Insurance Volunteers: Spot Opportunities With Week of Giving ‘Project Finder’
Oct 1 2013 // Many people in the insurance industry want to help in their communities by serving as volunteers in their communities. But many simply don’t know how to find the right place to volunteer. Problem solved. IICF (the...
Federal Government Shutdown Effect on P/C Insurance Industry
Sep 30 2013 // If Congress fails to agree by midnight tonight on a resolution to continue funding the federal government, the property/casualty insurance industry should not be seriously affected by the resulting shutdown. The insurance...
Attorney Jeff Kingsley on ‘Post Event’ Regulatory Changes, Cyber Liability
Sep 29 2013 // Jeff Kingsley, a partner in the law firm of Goldberg Segalla, specializes in the emerging and highly complex field of cyber liability and security, which requires explaining the difficult process of applying the long held...
Insurance Law, Regulation – Jim Wrynn’s Experience Covers It All
Sep 29 2013 // James J. Wrynn, Esq. served as New York’s Superintendent of Insurance from 2009 to 2012, when he joined the law firm of Goldberg Segalla LLP, which specializes in insurance law. His knowledge and experience are both...
Industry Pioneer Catlin on Insurance and Environmental Concerns
Sep 27 2013 // Stephen J.O. Catlin has led the company/group that bears his name since 1984. He’s seen it grow into the biggest syndicate at Lloyd’s with gross premiums written of $5.5 billion. He was the first to move the...
Profits Steady, GWP Up, But Investments Still Low: Lloyd’s CFO Luke Savage
Sep 27 2013 // Lloyd’s first six months results, released yesterday, were generally good. Profits were down slightly at £1.38 billion [[$2.222 billion] from £1.53 billion [$2.463 billion] for the first half of 2012, while gross...
Moody’s: Moderate Reserve Releases in U.S. P/C Industry to Continue
Sep 26 2013 // U.S. property and casualty (P/C) insurers continue to release reserves to support earnings, said Moody’s Investors Service in two recent reports. U.S. P/C insurers released $9.0 billion of reserves during the first...
Xchanging Launches New wifi service for London Insurance Market
Sep 26 2013 // Xchanging, the business process, procurement and technology services provider, has launched a free wifi service for the London Underwriting Center (LUC), home to many insurance businesses. The service will support the...
