While aggregate U.S. commercial insurance price hikes continue to moderate, most lines are still producing robust price increases, according to Willis Towers Watson. Excess/umbrella produces significant price increases during the 2021 second quarter. As well commercial auto, property, and directors …
While Aon and Willis Towers Watson were trying for many months to land their merger, their competitors were able lure away some of their producer talent – capitalizing on the “distraction and uncertainty” that existed for both brokers. Aon’s proposed …
The original property/casualty insurance industry reaction that business interruption losses may be modest may have been too optimistic, according to a leading insurance analyst. KBW’s Meyer Shields believes that the “combination of an aggressive trial bar, legitimately suffering insureds, and …
The American International Group Inc. chief executive officer has posted three straight quarterly losses and will probably report Tuesday that profit in the three months ended June 30 fell 32 percent, according to analysts surveyed by Bloomberg. Hancock has presided …
American International Group Inc.’s plan to spin off a portion of its mortgage insurance unit is “almost pointless” given the challenges that Chief Executive Officer Peter Hancock faces to fix the much larger property/casualty business, an analyst at Keefe, Bruyette …
Analysts at two rating agencies, Fitch and Moody’s, believe property/casualty insurers’ prior-year loss reserve takedowns will continue to outpace reserve additions in 2013. The analysts spoke about P/C industry reserving trends as they reviewed their year-end outlooks and 2013 forecasts …
