National Underwriter Property & Casualty-June 20, 2011

Issue Gallery ›

  • Picky HIIG Seeks Unadvertised Specials

    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.

  • Commercial Lines Soft, But Flattening

    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.

  • Quakes Again Hit Christchurch, NZ

    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.

  • Companies Report April/May Cat Losses Of Between $75M And $1B

    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.

  • Building Life Into A P&C Agency

    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.

  • Global Market Remains Largely Buyer-Friendly For Multinationals

    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.

  • Specialty Lines Spice Up M&A Deals

    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.

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