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Two major East Coast insurance brokers said they have acquired West Coast insurance brokerage firms while an Ohio-based firm expects to expand in Cincinnati with its deal.
Keefe, Bruyette & Woods (KBW) said it expects weakening returns on equity and continued soft pricing for the property and casualty industry, but the financial analyst said a hard market could emerge "sooner than many anticipate."
Last year was an active one for insurance linked securities as placements for 2010 rose 28 percent over the previous year, according to a report by Aon Benfield Securities.
American International Group completed a critical step in its effort to again become a completely private company, exchanging more of its government support for common stock owned by the Treasury Department and paying off its debt to the Federal Reserve Board in cash.
American International Group completed a critical step in its effort to again become a completely private company, exchanging more of its government support for common stock owned by the Treasury Department and paying off its debt to the Federal Reserve Board in cash.
Celent is seeing similar spending patterns to last year, but Craig Weber, senior vice president and head of the insurance practice, believes carriers will be investing in areas of growth and IT spending.
If there is any segment of the property and casualty insurance industry to worry about when it comes to investments in municipal bonds, it would be small regional companies, an industry analyst said recently.
Celent is seeing similar spending patterns to last year, but Craig Weber, senior vice president and head of the insurance practice, believes carriers will be investing in areas of growth and IT spending.
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