MarketScout's barometer of U.S. property and casualty market shows minus-5 percent composite rate for the fourth straight month, with general liability still the most aggressively priced coverage.

MarketScout's barometer of U.S. property and casualty market shows minus-5 percent composite rate for the fourth straight month, with general liability still the most aggressively priced coverage.

Zurich Financial Services Group has named Thomas Huerlimann CEO of Global Corporate to take the place of Mario Vitale, who moved to Aspen Insurance Holdings.

Briarcliff Manor, N.Y.-based insurance broker USI Insurance Services said it has acquired The Amerisc Corp., Atlynx Surety Brokers LLC and its principal affiliates.

Progressive is planning to launch a new marketing campaign within the next 90 days aimed at upgrading its current company icon.

As more evidence accumulates that insurers are using less reserves to augment earnings, pressure will mount on underwriting and force carriers to begin raising rates by near double-digit figures in 2012, according to a financial analyst.

Zurich Financial Services Group said the insurance industry is undergoing changes at a pace rarely seen as a combination of factors are no longer producing the benefits the industry has enjoyed in the past.

If there were any questions about what happened to some former executives at Brown & Brown that appeared to abruptly leave the company, those questions were answered this week by the private equity firm GTCR.