As regulation has prompted banks to move toward consolidation, one insurance executive here at the PCI Annual Meeting is calling for the same in his industry.
As regulation has prompted banks to move toward consolidation, one insurance executive here at the PCI Annual Meeting is calling for the same in his industry.
InformationWeek recently released its top 500 business-technology innovators across multiple industries, and 24 property and casualty-related companies made the cut. Eight of those companies were ranked in InformationWeek's Top 250. Click to see the industry's top tech innovators.
InformationWeek recently released its top 500 business-technology innovators across multiple industries, and 24 property and casualty-related companies made the cut. Eight of those companies were ranked in InformationWeek's Top 250. Click to see the industry's top tech innovators.
A group of 18 reinsurers belonging to the Reinsurance Association of America reported a combined 2013 first-half net income of just under $4.8 billion, up from $3.6 billion for the same companies a year ago, as improved underwriting income more than offset a slight drop in net premiums written.
A group of 18 reinsurers belonging to the Reinsurance Association of America reported a combined 2013 first-half net income of just under $4.8 billion, up from $3.6 billion for the same companies a year ago, as improved underwriting income more than offset a slight drop in net premiums written.
Although headquartered in New York, Transatlantic Reinsurance Company (TransRe) lives up to its name, writing business on both sides of the Atlanticand the Pacific as well. Being domiciled in the U.S. gives the company significant advantages that offshore reinsurers cant offer, according to President and CEO Michael Sapnar.
Reinsurers are adapting to the threat posed by alternative capital by expanding their presence in the capital markets themselves, especially with sidecars and insurance-linked securities, according to two recent reports.
See charts and analysis breaking down the 2013 performance of five P&C subsectors: commercial diversified, regionals, specialty commercial, personal writers and reinsurance.