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Current market conditions may be the "new normal"--lasting for several years-- industry leaders predicted recently, with one attributing the continued softness to the absence of American International Group's historical price leadership.

Vertafore Inc. has been purchased by private global investment firm TPG Capital LP for $1.4 billion, Vertafore announced.

With $100 billion in excess capital, the property and casualty insurance market is not turning, a Wall Street analyst said Thursday, and a carrier executive attributed existing conditions to the absence of AIG's historical price leadership.

Sedgwick Claims Management Services, Inc., has announced funds affiliated with Stone Point Capital and Hellman & Friedman together with management, have signed an agreement to acquire ownership of Sedgwick.

Sedgwick Claims Management Services Inc. announced that it will be acquired for $1.1 billion by investment funds affiliated with Stone Point Capital LLC and Hellman & Friedman LLC.

Premium rates for commercial property and casualty insurance continued to fall in the fourth quarter of 2009, the latest Market Index Survey by the Council of Insurance Agents and Brokers found.

Premium rates for commercial property and casualty insurance continued to fall in the fourth quarter at the same 6 percent rate as in the third quarter, the Council of Insurance Agents and Brokers said today in a new survey.

Insurance experts at an industry conference said the property and casualty sector had performed remarkably well between 2007 and 2009, three of the most challenging years for the economy in decades.