Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Fla. Insurers See Hurricane Insurance Market on the Mend
Feb 25 2008 // The insurance market in Florida is adjusting to changing conditions – some man-made, others resulting from forces of nature – all of which make property insurance for Florida homeowners more available and more...
Munich Re 2007 Profit Rises 11.9% to $5.835 Billion
Feb 25 2008 // The Munich Re Group announced consolidated profits for 2007 of €3.937 billion ($5.836 billion), surpassing its increased profit guidance of €3.5 to €3.8 billion ($5.18 to $5.63 billion) announced in August. The...
Medi-Spas: Industry Growth Has No Limits
Feb 24 2008 // The anti-aging and medi-spa revolution is here to stay some experts say. Just look at celebrities such as 70-year-old actress Jane Fonda or 68-year-old singer Tina Turner to see what transformations can be achieved through...
‘Managing the Cycle’ Remains No. 1 Priority, Lloyd’s Survey Finds
Feb 24 2008 // Lloyd’s of London has published its fourth annual underwriting survey, which reveals that “managing the insurance cycle” remains the most important issue for the industry in 2008 with 93 percent of...
Quarterly Profit Down 62% at Marsh; 2007 Revenues Up 8%
Feb 24 2008 // Quarterly profits at Marsh & McLennan dropped 62 percent, as fourth quarter and annual revenues rose 8 percent. The giant insurance brokerage reported that fourth quarter net income dropped to $85 million, or 16 cents...
Public Broker Stocks Down in Dec. as 2007 Closes With 205 M&A Deals
Feb 24 2008 // Stock Prices: Brokerage stocks mimicked the overall uneasiness of the stock market during January. Hilb Rogal & Hobbs (NYSE:HRH) traded down 11.2 percent while Arthur J. Gallagher traded up 5 percent. Overall the...
Munich Re Sets Up $1.5 Billion Pandemic Risk Cat Bond Facility
Feb 21 2008 // Munich Re announced the establishment of a bond program amounting to $1.5 billion for the transfer of extreme mortality risk to the capital markets. The placement marks the first time that Munich Re has set up a cat bond...
Survey: Industry CEOs Overlook Potential of Technology
Feb 21 2008 // A new survey by New York research firm found that property casualty insurer CEOs tend to focus more on the benefits of using technology to enhance distribution and service of their products, but have shortchanged how...
RMS and ImageCat Report on Costly 2007 Wildfire Season
Feb 21 2008 // Risk Management Solutions (RMS) and ImageCat, Inc., issued a joint research report Wednesday on the 2007 U.S. wildfire season. With a potential $2.5 billion in insured losses in California alone, last year ranks as one of...
Oil Companies May be Under Insured as Prices Rise, Notes Marsh
Feb 20 2008 // In a bulletin released in advance of Marsh’s National Oil Companies Conference to be held next week, the broker warned that oil companies run the risk of being under insured as world oil prices reach record...
Inspectors Survey Site of Tornado Damage in Fla. Panhandle
Feb 20 2008 // Inspectors were surveying damage in southern Alabama and the Florida Panhandle on Monday from a tornado that destroyed at least seven homes but didn’t cause any reported injuries. Investigators now believe that a...
‘Managing the Cycle’ Remains #1 Priority Lloyd’s Survey Finds
Feb 19 2008 // Lloyd’s has published its fourth annual underwriting survey, which reveals that “managing the insurance cycle remains the most important issue for the industry in 2008 with 93 percent of underwriters believing...
Colorado Auto Rates Down, Study Shows
Feb 19 2008 // Car insurance rates for Colorado drivers on average have dropped 35 percent since the state changed its auto insurance system nearly five years ago, according to an independent study released today by Gov. Bill...
Experts: Heavy Snowfall Increases Flood Risk in Idaho
Feb 15 2008 // The persistent snows of January and early February have increased the risk of flooding in low-lying areas of north and central Idaho this winter and spring, even while water shortages remain possible this summer in the...
Accenture Solvency II Survey: Europe’s Insurers Expect Manageable Costs
Feb 12 2008 // According to findings from a recently released survey conducted by Accenture, “more than three-quarters of large European insurers expect to spend less than €25 million [$36.27 million] through 2012 on Solvency II...
S&P Revises Outlook on AIG
Feb 12 2008 // American International Group Inc. may be quite sanguine about its financial outlook (See related article), but Standard & Poor’s Ratings Services isn’t quite as confident. S&P announced that it has...
Survey: Wealthy Americans Still Fret Over Financial Stability, Security Issues
Feb 12 2008 // High-net-worth Americans with investment assets in excess of $1 million believe having money brings overall peace of mind, yet these wealthy Americans still have a variety of financial and security concerns, according to...
S&P Finds Bermuda Insurers Face Rising Competition
Feb 11 2008 // Standard & Poor’s Ratings Services has published an article which states that Bermuda-domiciled insurance companies will face increasing competition from other regions of the world. The article –...
Commerce Insurance Reports Earnings Decline for 4Q, 2007
Feb 4 2008 // The Commerce Group, Inc. reported 2007 fourth quarter net earnings were $19.6 million, or $0.32 per diluted share, compared to net earnings of $59.4 million or $0.87 per diluted share for 2006. Commerce is in the process...
Everest Re Earnings Report – $839 Million Full Year Net Income
Feb 4 2008 // The Bermuda-based Everest Re Group, Ltd. reported fourth quarter 2007 after-tax operating income, which excludes realized capital gains and losses, of $63.2 million, or $1.00 per diluted share, compared to after-tax...
