PartnerRe Ltd. says it expects around $63 million in net after-tax losses in its North American Agriculture portfolio due primarily to drought conditions in the U.S.

The Council of Insurance Agents & Brokers challenged members to think about innovation in a general session at its annual conference that deviated from the norm.

Reinsurance brokers can no longer rely on the traditional means of commission compensation for placing risks, and must begin charging fees similar to other professionals billing for services, says a business professor studying the industry.

For the International Association of Insurance Supervisors, achieving globally acceptable principals for insurance supervision continues to be a work in progress, but members say they are closer than theyve ever been to realizing that goal.