NEW YORK–American property-casualty insurers may see more takeovers by European insurers as the dollar falls in value, industry executives said at a conference here yesterday.
Their remarks came during a panel discussion at the 19th Annual Executive Conference for the Property-Casualty Industry, sponsored by the National Underwriter Company. Among other issues, the session touched on catastrophe management, federal market intervention and growth in a soft market.
Vincent J. Dowling, managing partner at Dowling & Partners Securities LLC, said that in the current environment of double-digit capital growth in the insurance industry, helping spur falling rates and stagnant premium growth, carriers still have a number of strategic options.
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