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Driven by a sharp decline in catastrophe losses, the U.S. property-casualty industry posted a $24.4 billion net gain on underwriting through the first nine months of 2006. The figure stands in stark c
Montvale, N.J.-based wholesaler Jimcor Agencies said it has acquired Federico & Associates, based in Lansdown, Pa. Terms of the deal were not released.A regional wholesaler, ...
They say politics makes strange bedfellows, but now that Democrats are poised to take control of Congress next week, insurance lobbyists might actually find a more receptive crowd on at least one key
In a recent note to investors, Bear Stearns analyst David Small said the primary insurance market is more competitive than was previously estimated, especially in the areas of nonproperty catastrophe
The National Association of Insurance Commissioners has disbanded a working group on class action litigation, apparently satisfied that such suits against the insurance industry do not pose a serious
"The past four years have been marked by unrelenting regulatory scrutiny, unparalleled catastrophic losses and an incredibly vibrant hard market," said Pete Porrino, global director of insurance, Erns
Look for the insurance industry to produce returns on equity of between 10- and 12 percent, said one investment bank analyst this week. Morgan Stanley property-casualty analyst William Wilt said that
Folksamerica Reinsurance Company has completed its acquisition of Mutual Service Casualty Insurance Company, a Minnesota-domiciled runoff insurer formerly affiliated with Illinois-based Country Insura
The Dec. 14 storm caused widespread damage from falling trees. Days of rain loosened the root system of many towering trees. The trees were easily torn up when hurricane-force winds of close to 100 mp
The industry's exceptional results illustrated the dramatic turnaround from the same period in 2005, when catastrophe-fueled losses led to a $2.8 billion underwriting loss, the Oldwick, N.J.-based rat
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