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First Mercury Financial Corporation announced one its subsidiaries will buy Valiant Insurance Group for roughly $55 million, expanding its ability to write admitted specialty business and allowing it to enter the marine insurance market.

Veteran surplus lines insurance industry executives say they'll know a market turn when they see one, but so far, all the barometers they check to predict the proximity of a turn are stuck in soft market territory.

Veteran surplus lines insurance industry executives say they'll know a market turn when they see one, but so far, all the barometers they check to predict the proximity of a turn are stuck in soft market territory.

It will take guts for executives of excess and surplus lines carriers to get through 2010, especially those who head up publicly traded operations, experts said at an investment analysts' conference recently.

Insurance revenue at U.S. banks was off by $100 million in the first six months at $23.6 billion compared to $23.7 billion during the first half of 2008, a consulting firm reported.

The insurance industry has traditionally been ahead of the curve when it comes to anticipating important trends, getting out in front of large-scale behavioral shifts and rapidly adapting to evolving societal realities.

The insurance industry has traditionally been ahead of the curve when it comes to anticipating important trends, getting out in front of large-scale behavioral shifts and rapidly adapting to evolving societal realities.

The Americas Division of Australian insurer/reinsurer QBE announced the appointment of Stephen Fitzpatrick as president of QBE Specialty Insurance, replacing Susan Rivera, who resigned in June.