How to Operate in Today’s ‘Bananas’ Casualty Insurance World February 19, 2025 By Susanne Sclafane Leaders of the casualty insurance practices of a global insurance carrier and a North American specialty brokerage offered insights for...
Net Income at Selective Insurance Drops on Unfavorable Casualty Reserve Development January 30, 2025 By Chad Hemenway Selective Insurance Group reported a 24% drop in fourth quarter 2024 net income as its chief executive admitted the year...
FTC Has Bipartisan Support for Merger Cases, Outgoing Chief Says January 27, 2025 By Leah Nylen The US Federal Trade Commission is likely to have bipartisan support to keep filing cases to block anticompetitive mergers under...
Marsh: US Commercial Insurance Rates Up 3% on Hikes in Casualty October 24, 2024 By Chad Hemenway Commercial insurance rates during the third quarter in the U.S. increased 3%, with casualty rates up 10%. According to Marsh’s...
Viewpoint: Reinsurers Reach Peak Performance as Market Stabilizes; M&A on Hold September 9, 2024 By Brian C. Schneider The reinsurance market has reached an equilibrium, with increased capital supply from accumulated earnings meeting higher demand for reinsurance protection...
Liability Reinsurance Crisis Could Be Looming, TransRe CEO Says June 7, 2024 By Susanne Sclafane “There could be a liability crisis in reinsurance in a couple of years,” a reinsurance executive predicted this week. Ken...
Social Inflation Fix: Insurers Can’t Be Out Front, Chubb’s Greenberg Says June 6, 2024 By Susanne Sclafane Although insurers can help to stop the growth of social inflation, they can’t lead the effort, an industry executive said...
AM Best: Social Inflation Key Factor in Rise of Loss Severity May 13, 2024 Loss severity for many U.S. casualty lines of insurance business has exceeded economic inflation over the past decade, indicating other...
Reserve Strengthening for Casualty Lines Not Over: Moody’s May 9, 2024 If personal auto insurance loss reserves are developing adversely, can commercial general liability be far behind? That’s the gist of...