National Underwriter P&C July-05, 2010
Cover Story
Reinsurers, Cedents At Odds Over Future Loss Trends, U.S. Exec Says
Reinsurers are increasingly questioning the sustainability of a good casualty claims environment, and their dimmer views of future profit margins on primary business are putting them at odds with potential cedents.
Opinion
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Is It Time To Vote For Risk Managers?
I think it's time for states, cities and other municipal governments to have their public risk managers elected by popular vote, rather than appointed by those who might see the post as something of a non-entity, politically speaking.
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Editorial On Disclosure Draws Fire From Readers
Reader response to my June 14/21 column about the latest brouhaha over disclosure of producer compensation ("Don't Ask, Don't Tell?") was fast and furious.
News
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Financial Services Reform Bill Ready For Final Passage When Senate Returns
Financial services regulatory reform legislation establishing a Federal Insurance Office with limited authority was passed last week by the House of Representatives, setting the stage for Senate action after the July 4 recess.
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Financial Crisis Plus Domicile Layoffs Create Obstacles For Captive Launches
After weathering the financial disaster and seeing a growing interest in captive formations, the alternative risk-transfer industry has hit new stumbling blocks that can triple the time it takes to set up a new facility.
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Property Terrorism Insurance Purchases Continue To Climb
The property insurance take-up rate for terrorism coverage continues to rise, with 61 percent of companies surveyed by Marsh--a record high--buying the additional protection against catastrophic risk.
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AIG's Former Executives Defend Due Diligence On Credit Default Swaps
The former CEO of AIG's Financial Products Division said the collateralized debt obligations that undermined the company's financial foundation and prompted a government bailout should not have caused the losses they did.
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AIG Outlines New Plan For Executive Compensation
American International Group has outlined a plan meant to retain and attract executives as it works to repay its obligation to the federal government, which owns about 80 percent of the company.
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Oil Spill-Driven ILW Price Hikes Could Spread To Re Market, Exec Warns
Although reinsurers cut prices for June 1 renewals, one Bermuda-based executive speculated that price hikes in the insurance loss warranty market--fueled by the Deepwater Horizon disaster--could eventually spread to the reinsurance market.
Market Report
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Excess Capacity, Economic Decline Keeps Market Soft For U.S. Reinsurers
A spate of disasters early this year, the ongoing oil spill in the Gulf of Mexico and predictions of an active hurricane season have reinsurers on edge.
Buyers Report
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How Sound Is Your Firm's Disaster Contingency Plan?
Risk managers preparing for disasters can learn a lot from the very first known practitioner of catastrophe mitigation.
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Recession Prompts Gov't Budget Cuts, Jeopardizing Risk Management Efforts
Public entity risk managers both here and in the United Kingdom are being subjected to drastic budget cuts that can compromise their effectiveness.
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Latin American Opportunities Booming, But Risk Managers Face New Exposures
Although Latin America is not the largest regional trading partner with the United States, it is the fastest growing one.
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