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A private catastrophe bond has been listed on the Channel Islands Stock Exchange, the first time such a deal has been made fully tradable in the secondary market.
Willis Chairman and CEO Joe Plumeri sees "smaller, localized waves" replacing the the "rising tide that lifts all boats" when it comes to the insurance-pricing cycle. Willis sees a leveling off in commercial-property pricing in 2013, while casualty risks will likely see more increases.
Property and casualty insurers saw their six-month streak of employment gains broken in August, as the sector shed 1,200 jobs in the month compared to July.
Cat adjusters embody the insurer's promise to the policyholder in times of great need. To excel in this crucial role and speed the road to indemnity, they need to cultivate certain skills and education.
From corporate jets to international airports, aviation presents unique risks and opportunities. A veteran broker specializing in the niche shares tips on how to tap into this lucrative market.
Scott H. Smith, president of S.H. Smith & Co. Inc., offers a simple explanation for why his specialty-insurance brokerage continues to gain new clients while retaining previous ones: We make it easy to do business with us.
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