FM Global, one of the globe's leading business-property insurers, reports that its net income for 2012 was $774 millionand that the mutual posted a profitable combined ratio of 85.7 percent, despite the impact of Superstorm Sandythe insurer's single largest net aggregate natural disaster loss to date, which resulted in approximately...
A report from consulting firm Deloitte says the insurance industry appears to be primed for significant merger and acquisition activity following a 20 percent year-over-year drop last year.
A report from consulting firm Deloitte says the insurance industry appears to be primed for significant merger and acquisition activity following a 20 percent year-over-year drop last year.
With economic, interest-rate and competitive challenges expected to persist through 2013, the title of Connings latest report aptly sums up the firms recipe for insurance-industry success in a year marked by numerous headwinds: Nothing to Be Gained by Waiting for Things to Get Better.
Traditionally dominated by tropical offshore domiciles such as Bermuda and the Cayman Islands, the captives industry in recent years has been shifting its focus to U.S. shoresa trend that is expected to continue and perhaps accelerate in 2013 as more companies recognize some of the distinct advantages of domiciling domestically.
Given the breadth of its client baseand the complexities of Environmental exposuresits inevitable that Marshs clients will encounter risks for which no insurance solution exists. In these situations, the Environmental practice, which prides itself on its innovation, will work to develop a risk-transfer product that addresses the gap and then...