Mutual insurance executives need to express their passion for the industry by telling their stories and pointing to the mission that the protection of policyholders is the backbone of insurers business, says the outgoing chairman of the National Association of Mutual Insurance Companies.

Mutual insurance executives need to express their passion for the industry by telling their stories and pointing to the mission that the protection of policyholders is the backbone of insurers business, says the outgoing chairman of the National Association of Mutual Insurance Companies.

With global gross-written premiums (GWP) for the P&C insurance industry standing at $1.15 trillion, the United States still ranks No. 1 in premium volume, but expansion of the marketplace remains a challenge for insurers, according to Aon Benfield.

A beleaguered Texas continues to battle new outbreaks of wildfires across the state, and the Insurance Council of Texas says losses could reach a quarter-billion dollars as the number of homes lost rises to close to 2,000.

To say the past few years have been a challenge for mutual insurers would be an understatement with as theyve dealt with an almost decade long soft market, a prolong economic downturn and record catastrophe numbers this year.

A recent survey of commercial insurers indicates rates are beginning to harden, but brokers speaking at the Reinsurance Rendezvous in Monte Carlo paint a picture of an uncertain market, particularly for reinsurers, and of executives searching for direction on how to be profitable.

Ruud H. Bosman, vice chairman of business property insurer FM Global, will retire in November after 40 years with the company where he worked his entire career.

Ruud H. Bosman, vice chairman of business property insurer FM Global, will retire in November after 40 years with the company where he worked his entire career.