economic conditions News

Nationwide to Take Actions to Limit Risk in Personal, Commercial Portfolios

Add Nationwide to a growing list of insurers making changes to deal with losses in some areas of the country. In a June 12 “business actions update” Nationwide announced moves “to mitigate risk and manage the personal and commercial lines …

Best’s Report on Latin America Insurance Market Highlights Growth

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 product (GDP) of $5.4 trillion.” In addition the …

Insurance Australia Group to Review UK Business

Insurance Australia Group’s Managing Director and CEO Mike Wilkins has indicated that it is an “appropriate time to assess the options for the UK business, given the improvement in its performance and the current UK economic conditions.” IAG reported that …