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By Arthur D. Postal, PropertyCasualty360.com |
February 14, 2012
The Obama administration today reinstated its call for a new tax on offshore insurers, but under a formula greater than that proposed by the administration in past years.
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By Mark E. Ruquet, Chad Hemenway, PropertyCasualty360.com |
February 9, 2012
Allstate Corp. saw its fourth-quarter net income jump 145 percent, while W.R. Berkley, ACE Limited, CNA and Validus reported Q4 net-income decreases along with global reinsurer Munich Re.
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By Mark E. Ruquet, PropertyCasualty360.com |
February 1, 2012
Greenwich, Conn.-based insurer W.R. Berkley says 2011 fourth-quarter net income was down 7 percent, but its chief executive says rate increases are taking hold and 2012 should be a better year.
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By Phil Gusman, PropertyCasualty360.com |
January 6, 2012
The soft-market cycle has come to an end, at least according to Dallas-based insurance exchange
MarketScout—which declared so in its November Market Barometer.
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By Chad Hemenway, PropertyCasualty360.com |
December 22, 2011
An examination of some of the top U.S. property and casualty insurers by Fitch Ratings has found Farmers Insurance, W.R. Berkley, Old Republic and Fireman’s Fund will be the most affected by weak new money yields.
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By Phil Gusman, PropertyCasualty360.com, Chad Hemenway, PropertyCasualty360.com |
December 15, 2011
Insurance-company executives, a global broker and analyst firms are weighing in on whether the market is hardening—and their responses include “yes,” “maybe,” and a debate over whether the traditional hard- and soft-market cycles are even relevant anymore in the marketplace.
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By Phil Gusman, PropertyCasualty360.com |
December 12, 2011
The pricing cycle is entering a phase that is “not in any way a traditional hard market,” according to analyst firm Keefe, Bruyette & Woods, as prices have bottomed and even risen in some cases, but capital remains plentiful.
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By Chad Hemenway, PropertyCasualty360.com |
December 8, 2011
The insurance industry, with its increased use of better tools to assess risk and allocate capital, might see shortened market cycles than it is used to, according to an executive from Chartis.
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By Phil Gusman, PropertyCasualty360.com |
December 7, 2011
The insurance industry is now “definitively in a hardening market,” according to W.R. Berkley CEO William R. Berkley.
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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...
