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Susanne Sclafane
If you own an underwriting agency with a very specialized, quality book of business—and have no plans to sell it—then Stephen Way, CEO of Houston International Insurance Group, may want to talk about making a deal.
Mark E. Ruquet, Phil Gusman
As rating agencies recently affirmed their negative outlook on commercial lines due in part to soft-market pricing, a new Towers Watson survey shows that rates have been flattening for nine months.
Mark E. Ruquet
One major issue facing global risk managers is the increased demand for information from carriers. “We tell risk managers to be ready: the information…
Chad Hemenway
More earthquakes have struck Christchurch, New Zealand, and catastrophe-risk modeler EQECAT says the damage could cause an additional $3 billion to $5 billion in insured losses.
Chad Hemenway, Phil Gusman
The Travelers Cos. says it expects after-tax catastrophe losses of about $1 billion from numerous weather events in April and May, coming in with the largest of four recent loss estimates for spring U.S. storms that spawned numerous deadly tornadoes.
Kenneth A. Shapiro
While the upsides are both obvious and enormous, the countless attempts to integrate P&C and life agencies usually fail. Here are some suggestions for pulling off the combination.
Sam J. Friedman
Is “strategic risk management” just a new semantic spin in the profession’s ongoing evolution? Or does SRM represent a genuine leap beyond standard enterprise risk management?
Susanne Sclafane
For the CEO of Crum & Forster, Doug Libby, who voluntarily describes himself as “a contrarian,” there is little not to like about the $294 million deal, closed in February, that adds First Mercury Financial Corp. to his group’s specialty-insurance operations.
Susanne Sclafane
The CEO of Fortegra Financial believes he has a distinct edge as he competes to acquire property and casualty wholesale brokerages and regional specialty agencies to add to his firm’s suite of insurance-service operations: Being a New York Stock Exchange-listed public company.
Mark E. Ruquet
Multinational corporations are still enjoying the benefits of a competitive marketplace, but underwriters are taking a closer look at certain risks impacted by recent catastrophes For example, the earthquake/tsunami in Japan and floods in Australia are having an impact on certain programs, primarily catastrophe property and business interruption.
Susanne Sclafane
An overriding theme of the latest wave of mergers and acquisitions in the insurance industry: strategic buys of specialty-flavored books is specialization.
Chad Hemenway
When David H. Long first sat down at his desk at Liberty Mutual to work as a financial analyst, he thought it was a good job to keep him busy for a few years before heading to graduate school.
Arthur D. Postal
Individuals may not sue lawyers, accountants and investment advisers under securities laws for alleged false or misleading statements made by others, the Supreme Court ruled last week.
Bryant Rousseau
The phrase “the new normal” has suddenly become ubiquitous—it’s getting hard to open a newspaper, turn a TV channel or click around the Web (is there an app?) without bumping into those words.
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Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.
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