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The international markets present a number of opportunities for an industry that is rich in capital and looking for growth, a Guy Carpenter executive said here.
Three insurance trade groups are telling federal regulators that insurance investment activities are far less risky than those of banks and should be left to state regulators to oversee.
With U.S. property and casualty insurance rates falling 4 percent in October 2010, the industry may be experiencing a "new normal" in terms of market conditions, according to an executive.
Employment in the P&C insurance industry declined in September 2010 compared to August, and declined by 2.9 percent compared to September 2009, casting doubt on hopes that industry employment trends were turning around.
Hamilton, Bermuda-based Catlin Group Limited, an international specialty property and casualty insurer and reinsurer, reported a 13 percent increase in net premiums earned for the first nine months of 2010 compared to 2009.
Arbitration Forums, a provider of arbitration and subrogation services, said its web-based communication, document and claim management system will be available in all 50 states in 2011.
Even though enterprises large and small are losing the battle against cyber attacks, specialty insurers are expanding coverages triggered by computer privacy breaches as rapidly as new enemies emerge to pursue new targets, experts said here.
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