Commercial Lines

Whether considering market dynamics or organizational functions, transformation may be the most important word for insurers in 2014, according to a Deloitte analysis. See six transformational questions that could shape insurers fortunes in the New Year.

Whether considering market dynamics or organizational functions, transformation may be the most important word for insurers in 2014, according to a Deloitte analysis. See six transformational questions that could shape insurers fortunes in the New Year.

This year should see more negative rating actions than positive due in large part to the likelihood of insurers taking reserve charges, A.M. Best says.

British insurer RSA blamed a handful of executives for accounting irregularities at its Irish division, attempting to draw a line under a scandal that left it with a $329 million hole in its finances.

British insurer RSA blamed a handful of executives for accounting irregularities at its Irish division, attempting to draw a line under a scandal that left it with a $329 million hole in its finances.

Britain's insurers are preparing to pay out hundreds of millions of pounds in claims following a run of winter storms that have flooded homes and disrupted travel, though the absence of major damage should limit the impact on their 2013 results.