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Organizations from a number of states representing various industries formed 69 captive insurance companies in Utah in 2011. Of the states new formations, all were pure captives with one sponsored captive. Most were micro-captives formed for a variety of coverages including Supply Chain, Cyber Liability, Legal Defense and Large Deductible....
Mark E. Ruquet
While the month of January delivered no single major catastrophe loss, there were enough weather events to cause close to a half-billion dollars in losses worldwide, according to a report released by Aon Benfield.
James Murdock
In an effort to maintain or boost their attendance, museums are trying new strategies that range from pushing the envelope with exhibition content to generating revenue by utilizing their real estate in creative ways. These gambits are keeping insurance carriers on their toes, placing even greater importance on loss-control programs...
Mark E. Ruquet
Covering the risks for high-net-worth (HNW) clients requires an agent to be well-educated in what these customers need, says Lee Roth, president of the private-client group division of North America for Chartis. A limited number of agents specialize in dealing with these individuals, whose personal-insurance needs go beyond just...
Chad Hemenway
The government of Thailand is looking to establish what would be the largest excess-of-loss property-catastrophe treaty in the worlda catastrophe fund equipped to cover losses of up to $16.2 billion.
Mark E. Ruquet
Insurance-brokerage fees for bank-holding companies were up more than 14 percent over the first three quarters of 2011, but the two major bank-owned P&C brokers saw their fees drop over the period.
Bryant Rousseau
We like to think at NU that our coverage of individual insurance lines has long been one of our greatest strengths.
Chad Hemenway
For a while, Insurance Information Institute President Robert Hartwig has been telling anyone wholl listen that we will not experience a double-dip recession and that global crises would not derail recovery in the economy.
James Murdock
Both insurers and museums routinely overlook risks like criminals who hack into databases to learn details about a museums plans for transporting artwork, in order to intercept and steal them.
Mark E. Ruquet
Whether its a company seeking to cut manufacturing costs for goods sold in the United States or an overseas company expanding here, agents and brokers need to be prepared to help their clients make the proper choices. Here are a few brokers who have managed to develop a viable structure...
Caroline McDonald
JONES LANG LASALLE is a global real estate services firm that helps commercial-property owners buy, sell, lease and manage buildings in 70 countries around the globe. It also advises major corporations on their real estate and workplace strategies, with clients in a range of industries, including pharmaceutical, automotive and technology.
staff Writer
In spite of continuing soft-market conditions, both median organic growth and earnings before interest, taxes, depreciation and amortization (EBITDA) for privately held insurance agents and brokers were up slightly from 2010. Median organic growth totaled 3.7 percent, and median EBITDA profitability was up slightly at 18.2 percent, according to Reagan...
Mark E. Ruquet
Clients quickly realize when they have claims in another country how much they want someone in close proximity to the problem at hand.
Paul Delbridge, Joseph Calandro
Another year of costly natural catastrophesincluding the worst U.S. tornado season in 50 years, massive insured losses arising from the floods in Thailand, the Japan earthquake and consequent tsunami, and further seismic activity in New Zealandis causing many insurance-industry stakeholders to wonder just how many more unexpected levels of loss...
Mark E. Ruquet
Rates on Commercial All Risk Property policies saw across-the-board increases in January, climbing by nearly 6 percent in some cases, says insurance broker Marsh.
Chad Hemenway
Catastrophe losses from Q4 2011 and prior quarters significantly weighed on earnings for three Bermuda specialty insurance and reinsurance companies.
Mark E. Ruquet
The near-depression-level economic depths that were reached following the financial meltdown of 2008 were so severe that even the super-rich were badly hurt.
Chad Hemenway
XL Group says it took a 2011 fourth-quarter net loss of $515.5 million on a large impairment charge and catastrophe losses.
Chad Hemenway
Negotiations between Louisiana Citizens Property Insurance Corp. and plaintiffs attorneys over more than $100 million are off to a rocky start following a U.S. Supreme Court decision to not delay the execution of the class-action judgment against the last-resort insurer.
Chad Hemenway
International filming locations, motorcycle riding by its Oscar-nominated actress and highly physical scenes made The Girl with the Dragon Tattoo the riskiest film for Firemans Fundto insure in 2011.
Mark E. Ruquet
If there wasnt already enough tension between Allstate agents and the company, a memo about a glitch in agents compensation may have added some more fuel to the fire.
Terry C. Pfeifer
Economic challenges have altered the landscape of every industryand the public-transit sector is no exception.
Mark E. Ruquet
The wealth that high-net-worth (HNW) individuals accumulate allows them to indulge in interests that most people can only dream about. The high-profile purchases, highlighted in celebrity interviews, of pieces of art, car collections grand homes and private aircraft are just a few of the indulgences the public gets a glimpse...
staff Writer
While clarity has begun to emerge in some of the countries affected by the Arab Spring, the resulting tension has spurred or intensified protests in dozens of countriesand this remains a concern for businesses operating in those nations, says Aon.
Mark E. Ruquet
As the economy shows signs of improvement in the aftermath of the Great Recession of 2007-2009, insurance executives say high-net-worth clients are beginning to spend againand it remains an underserved market that independent agents should be taking advantage of.
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