While many observers have pointed out that the property and casualty industry is overcapitalized, Advisen has put a ballpark number on how much excess capital must be drained before a market turn: $74 billion.
Moodys Investor Service said recent reports that show a record high in securities lawsuits are credit negative for writers of directors and officers liability.
Recent statistics show declines in securities lawsuits relating to the subprime mortgage crisis in 2010, but directors and officers liability insurers should prepare to see more of those cases in 2011, a plaintiffs’ attorney warned last week.
Recent statistics show declines in securities lawsuits relating to the subprime mortgage crisis in 2010, but directors and officers liability insurers should prepare to see more of those cases in 2011, a plaintiffs’ attorney warned last week.
While average 2010 fourth-quarter commercial lines renewals were relatively flat compared to the same period a year ago, analysts at Advisen Ltd. said a turn in the market is not imminent.
With the pace of economic recovery slow in mature insurance markets, property and casualty carriers have set their sights beyond the United States and Western Europe.
Will a weak economy continue to keep the limit demand in 2011, or will a slow recovery bring insurance customers back to personal and commercial lines insurers?
With each new year, there is the hope that the previous year's problems will fade into the distant past. Often, however, the reality is that those issues remain present challenges.
The soft market is expected to continue unabated into 2011, but there are signs that insurers are beginning to hedge risks and become more circumspect about those that they accept, according to a group of experts.