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"Barring a catastrophic wind season or other natural catastrophe, 2007 will be a tough year [for insurers], with rate decreases continuing throughout the year," said Richard Kerr, chairman and chief
In his first public address to a U.S. audience, Lloyd's Chief Executive Officer Richard Ward guaranteed a transformation in the world's oldest insurance market by year's end--promising greater
There needs to be more meat put on the bones of a skeletal proposal to reform alien collateral reinsurance requirements by applying them on a basis that does not take into account the country of
The National Conference of Insurance Legislators has put off a vote on an explosive resolution accusing state attorneys general of evading the legislative process by negotiating settlements banning
Lloyd's of London will benefit from having someone with no previous insurance experience--and no sacred cows to protect--lead a technological revolution at the paper-intensive market, says NU Editor In
The latest global risk briefing released from London by the Economist Intelligence Unit and sponsored by ACE European Group found one in three global businesses see loss of data as a significant threa
BISYS said the soft market affected its insurance wholesale business as the company reported a 17 percent decline in its insurance services segment for the first half of the fiscal year after the rele
Legislation passed during the recent Special Session of the Florida Legislature required the Office to calculate "Presumed Factors," related to reductions in the cost of reinsurance for primary carrie
In 2004, RMS published a report on the issues and need for the formation of a technically sound and commercially viable market for earthquake insurance in China. It published a 30-year retrospective
With signs on the rise for recession late this year or next, the property-casualty industry can take comfort from the fact that it is fairly immune to traditional business cycles, said a Swiss Re econ
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