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By Chad Hemenway, PropertyCasualty360.com |
May 9, 2012
The head of American International Group’s commercial-insurance division says the bailed-out insurer’s reputation is not an issue, and, in fact, competitors may have erred by not working harder to take AIG’s insurance business when it was on the verge of collapse.
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By Mark E. Ruquet, PropertyCasualty360.com |
November 17, 2011
After bearing the effects of a sluggish economy and substantial weather-related losses in 2011, carriers are well aware that they need to increase rates in order to balance their books.
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By Chad Hemenway, PropertyCasualty360.com, Phil Gusman, PropertyCasualty360.com |
November 4, 2011
While executives on third-quarter-results conference calls say they are seeing improvements in the rate environment, Insurance Information Institute President Robert Hartwig believes the stars are not quite aligned yet for a market turn—and a recent report suggests the impact of rate increases in 2012 could be tempered by expectations of...
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By Chad Hemenway, PropertyCasualty360.com, Mark E. Ruquet |
November 4, 2011
Third-quarter results are rolling in, and the theme remains the same as it has been throughout the year: Catastrophe losses are dragging down profits.
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By Chad Hemenway, PropertyCasualty360.com |
November 2, 2011
Investment yields, low interest rates, less-favorable reserves and high catastrophe losses are working together to create a market hardening, according to reinsurance and specialty-insurance executives on various earnings conference calls this quarter.
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By Chad Hemenway, PropertyCasualty360.com |
October 27, 2011
ACE Ltd. Chief Executive Officer Evan Greenberg says September was the best month for pricing this year, and a statement by Fitch says it is seeing “positive” rate increases, but as Greenberg says, whether the trend continues “remains to be seen.”
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By Allison Bell |
October 28, 2010
ACE Ltd. has agreed to pay about $425 million in cash for the New York Life Insurance Company life insurance businesses in Hong Kong and Korea.
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By Susanne Sclafane, PropertyCasualty360.com |
September 14, 2010
ACE Ltd. announced it plans to spend $1.1 billion to buy the 80 percent of Rain and Hail Insurance Service that it doesn't already own.
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By Chad Hemenway, PropertyCasualty360.com |
August 11, 2010
While American International Group is the only property and casualty insurer expected to be deemed "systemically important" under financial services reform, that designation is expected to diminish over time, Moody's said in a recent report.
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By Staff Writer |
May 10, 2010
They say that he who pays the piper calls the tune. So why don't more risk managers just pay their brokers a set fee, rather than complain about contingent commissions corrupting the insurance placement process?
