American property-casualty insurers may see more takeovers by European carriers as the U.S. dollar continues to fall in value on world markets, industry leaders warned during the recent 19th Annual Property-Casualty Executive Conference.
Their remarks came during a CEO panel discussion to lead off the conference, which was sponsored by the National Underwriter Company. Among other issues, the session touched on catastrophe management, federal market intervention and the challenge of how to grow 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, resulting in falling premium rates and stagnant premium growth, carriers still have a number of strategic options.
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