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Progressive Corp. reports a 14 percent decrease in 2011 fourth-quarter net income and a 32 percent drop in December, compared to the same periods the year prior.
Although property and casualty insurers will benefit from rising prices in 2012, economic, regulatory and other challenges mean carriers will have to find other ways to generate growth during the year, according to a Deloitte report.
Chartis has reassigned some of its top executivesthe second such shakeup for the American International Group subsidiary in less than a yearin conjunction with a geographic restructuring to hone in on growing economies.
Chartis has reassigned some of its top executivesthe second such shakeup for the American International Group subsidiary in less than a yearin conjunction with a geographic restructuring to hone in on growing economies.
Aon Benfield says the fourth quarter proved to be another active one for catastrophe bond transactions despite the size of the transactions slightly being off from the previous year.
Global investment bank Keefe, Bruyette & Woods says property and casualty insurance industry investors may not see improvements in earnings per share or return on equity in fourth-quarter earnings, but there is a silver lining for some companies.