Breaking NewsHouse passes $2.2 trillion coronavirus relief bill
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Susanne Sclafane
The industry should “stay tuned” as the revised catastrophe model from Risk Management Solutions rolls out, the CEO of RenaissanceRe told NU, describing the model changes and potential market impacts as meaningful.
Caroline McDonald
If there is a trend in captive formations, it’s health care—and that Cayman is still the go-to domicile for that industry.
Caroline McDonald
With a new insurance commissioner and the governor standing behind Tennessee’s captive insurance program, all the state needs to be a leader in the region is passage of some proposed captive statutes, according to an industry expert involved in formulating the changes.
Mark E. Ruquet
As more evidence accumulates that insurers are using less reserves to augment earnings, pressure will mount on underwriting and force carriers to begin raising rates by near double-digit figures in 2012, according to a financial analyst.
Caroline McDonald
The captive insurance market in the “Show Me” state is seeing rapid growth with double the number of captives: 12 licensed in 2010 compared to six on the books in 2009, according to the state’s captive program manager.
Chad Hemenway
Property and casualty carrier employment is at its lowest level in more than 20 years, according to data published by the U.S. Labor Department’s Bureau of Labor Statistics and compiled by the Insurance Information Institute (I.I.I.).
Chad Hemenway
Florida Senate President Mike Haridopolos opened the 2011 State Legislative Session late last week, beginning a new round in the reform fight for the insurance industry.
Mark E. Ruquet
The soft market continues unabated, but at least it is showing some indication of stabilizing itself as a monthly composite barometer of rates held steady for a fourth month at minus-5 percent.
Bryant Rousseau
In last week’s editorial, I expressed an eagerness to start meeting NU’s readers and to engage in conversation with you about the industry.
Chad Hemenway
The district attorney in Travis County, Texas, is now involved in an investigation of the state’s last-resort insurer, the Texas Windstorm Insurance Association (TWIA).
Caroline McDonald
While the types of captives formed and the coverages may vary, one point regulators agree on is that business is up and more captives are in the pipeline for 2011.
Susanne Sclafane
RenaissanceRe CEO Neill Currie explains why his company decided to sell its U.S. insurance businesses late last year
Susanne Sclafane
Bermuda-based Aspen Insurance Holdings Limited is positioning its U.S. specialty insurance operation for an inevitable market turn by hiring experienced professionals, according to CEO John Cavoores. Mario Vitale, an alumnus of Zurich and Willis, joined the leader board as president last week, bearing the battle scars of prior soft markets.
Arthur D. Postal, Phil Gusman
Shortly after industry lawyers called conflicts over the scope of the Financial Stability Oversight Council the “cutting-edge issue” for insurance regulation, an industry report labeled the Federal Insurance Office the “biggest wildcard” in regulatory reform.
Susanne Sclafane
Although the Bermuda market experienced heavy catastrophe which drove down underwriting profits, top lines were up or stable for most with one-time deals and longer-term strategic moves driving the numbers.
Arthur D. Postal
Reinsurers have let it be known that the reinsurance market would be prepared to take on some flood risk if Congress decides to pursue that option.
Chad Hemenway
American International Group Inc. (AIG) said it repaid nearly $7 billion to the Department of the Treasury, using money raised from the sale of its equity stake in MetLife Inc. earlier this month.
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