Agency Management

Any agent or broker who hasn't been auditing workers' compensation claims is missing a great opportunity to lower their clients' premiums and foster long-term relationships that can build their business.

Merger and acquisition activity for insurance agencies and brokerages has slowed dramatically since October 2008, when our economic meltdown began.

With layoffs and lower sales volume decreasing demand for insurance coverage, the recession continues to deeply depress renewal rates for property and casualty insurance programs, according to the RIMS Benchmark Survey.

While warning against imposing additional laws and new federal overseers on the insurance industry, Maurice Greenberg says rating agencies need government supervision, while credit default swaps should be regulated as insurance.

While insurance for merger and acquisition risks is commonplace in the industrialized nations, Asia is just beginning to understand the value of risk transfer for these financial transactions.

The private equity firm Aquiline Capital Partners LLC, headed by former Marsh & McLennan Companies Chief Executive Jeffrey Greenberg, has invested in TigerRisk Partners LLC.