Traditional reinsurers have taken defensive actions against alternative-capital competition, meaning the increased supply of capital created through insurance linked securities (ILS) is chasing slower growth in demand, especially in the U.S. Property Catastrophe insurance market, a new report says.

Commercial underwriters are less optimistic about their future than they were 10 years ago.

Commercial underwriters are less optimistic about their future than they were 10 years ago.

Insurance broker Brown & Brown says it has completed its $336.5 million transaction to acquire insurance broker Beecher Carlson.

Insurers can drive down their claims costs by $36 billion if they embrace technology innovations allowing them to better manage their information assets, says an industry analyst.

Insurers can drive down their claims costs by $36 billion if they embrace technology innovations allowing them to better manage their information assets, says an industry analyst.

Progressive says it is entering into a licensing agreement with USAA for intellectual property related to usage-based car insurance programs.

Progressive says it is entering into a licensing agreement with USAA for intellectual property related to usage-based car insurance programs.