The specialty lines insurance industry has been a hotbed of merger-and-acquisition activity over the past year, with deals for niche specialty brokers and managing general agents getting the most attention. PropertyCasualty360 takes a look back at some of the observations dealmakers and consultants have shared this year about the abundance...
In spite of the fact that two Bermuda players are engaged in a heated battle over a global-casualty reinsurer, the intensity of the contest in no way suggests that the casualty market is hardening, according to one of the potential acquirers.
Catastrophe-loss hits—and the added potential price-moving impetus of a catastrophe model change—were front and center as management teams for half of the players in the Bermuda market disclosed first-half losses and strategies for preserving capital to take advantage of a Jan. 1 pricing upturn.
Two-thirds of the top 100 insurance groups saw net premiums written increase in 2010, but combined ratios worsened for just about as many, according to the latest midsummer NU’S Top 100 P&C Ranking. NU looks past $17 billion in reserve takedowns for the industry, a $5 billion boost for Chartis,...
The common assertion that the level of prior-year loss-reserve releases declined last year is not entirely correct, according to a recent compilation of reserve changes that excludes the impact of one large carriers reserve hike.
Copper thieves have fueled a huge spike in claims for insurers of vacant and idle properties, but increased loss potential has not deterred competition in the residential and commercial property markets, experts say.
Underwriting and risk-engineering experts give tips for insuring and securing vacant property, and also provide the insurance and risk definitions of “vacant” and “idle” properties.
Underwriting and risk-engineering experts give tips for insuring and securing vacant property, and also provide the insurance and risk definitions of “vacant” and “idle” properties.
Commercial prices continued to fall in the first-quarter of 2011, according to a pricing index based on reports from risk managers, but overall pricing remains 15 percent higher than levels recorded at year-end 2000.
Although reinsurance executives report that U.S. midyear renewal prices rose by at most low double-digits for catastrophe business, momentum is building for a new—and lasting—elevation of U.S. prices next year, they say.
