AIG would weigh acquisitions to bolster high-priority businesses, even as CEO Peter Hancock exits other units, the head of the companys commercial insurance operation said.
The 2014 outlook for the global P&C industry is stable thanks to expected premium growth from the economic recovery and stable-to-rising penetration rates, says Moodys Investors Service.
Arthur J. Gallaghers 2013 third-quarter net earnings increased to $74.6 million compared to $61.7 million a year ago as a $185.4 million jump in revenues more than offset a $176.2 million increase in expenses.
Looking to restructure some debt stemming from acquisitions and to fund the buyout of its majority owner, Tex-Cap Concord Insurance Servicesa Dallas-based insurance agency that places commercial, personal and employee-benefits businesstapped Oak Street Funding for a multimillion-dollar loan.
With the New Year upon us, PC360-NU spoke with top brokerages, carrier executives, agency associations and Main Street agents in local markets to discover where the greatest challenges and opportunities lie in 2013.