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Fourth quarter results were mixed for some insurers that reported their results this past week, with four insurers reporting increased combined ratios that did not necessarily translate into a loss of net income.
Fourth quarter results were mixed for some insurers that reported their results this past week, with four insurers reporting increased combined ratios that did not necessarily translate into a loss of net income.
Aon Corp. said its fourth-quarter profit increased 17 percent over the previous year with positive organic growth coming in at the highest rate in three years for its brokerage segment.
QBE Insurance Group Ltd., of Australia, continued its buying spree in the U.S. Thursday by acquiring most of the insurance portfolio of Balboa Insurance Group from Bank of America.
North American insurers are beginning to feel a sense of urgency to leverage technology as “brutal competition” persists in the industry and IT strategies are being re-adjusted to reflect the new “sober realities” of the marketplace, according to a recent Celent report.
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