Commercial Lines

Zurich Financial Services Group has named Thomas Huerlimann CEO of Global Corporate to take the place of Mario Vitale, who moved to Aspen Insurance Holdings.

As more evidence accumulates that insurers are using less reserves to augment earnings, pressure will mount on underwriting and force carriers to begin raising rates by near double-digit figures in 2012, according to a financial analyst.

As political unrest continues to roil the Middle East, Willis Re today announced the appointment of Atish Suri as Divisional Director of Dubai.

Industry groups continue to press for a legislative fix of the health insurance reform law to save the commission-based compensation model for producers,…

Warren Buffett bemoaned the continued competition of the soft market, making a critical assessment of chief executives who pursue market volume over underwriting profit as Berkshire Hathaway’s insurance business produced a profit of 38 percent.

Buyers of directors and officers liability are worried about regulatory claims, according to results of a recently released survey in which more than three-quarters of participants ranked such claims among their top three claims concerns.

While debate rages over the future direction of the overall property and casualty insurance market, one recent broker survey of a niche market—architects and engineers professional liability—indicates rates could see upward momentum this year.

The latest New Zealand earthquake is “absolutely not” the type of event to harden the reinsurance market, said the global head of business intelligence for Guy Carpenter.