The U.S. property/casualty insurance industry reported strong performance in 2013, but in 2014, the industry may find it difficult to match last year’s results as insurers begin to face more headwinds, according to executives who spoke at the Insurance Information …
In a year-end report on the U.S. excess and surplus lines market, data compiled by Fitch Ratings revealed that the top growing E&S writers in recent years were not necessarily the biggest. The report, published in Dec. 23, 2013, based …
Business interruption (BI) and supply chain, natural catastrophes and fire/explosion top the list of company risks in 2014, according to the third annual Allianz Risk Barometer, which surveyed some 400 insurance experts from 33 countries. The survey conducted by Allianz …
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While deal flow was calm for most of the year, fourth quarter merger and acquisition (M&A) activity was lively and momentum was strong going into 2014. With 74 transactions announced in the last three months of 2013, total announced deal …
In 2013, there were 296 separate natural disaster events that produced total economic losses of $192 billion – four percent below the 10-year average of $200 billion, but above the average 259 events, according to a report by global reinsurance …
Brown & Brown, The Wright Group Daytona Beach, Fla.-based national insurance broker Brown & Brown Inc. is acquiring for $602.5 million The Wright Insurance Group LLC from Aquiline Capital Partners, Wright’s lead equity partner. The Wright Insurance Group (TWIG), with …
In the days of ole, insurance professionals knew at a glance the type of business that best fit into the excess and surplus lines market. Today, the definition of a traditional E&S account has become somewhat blurred, according to one …
Flood insurance has been a staple of development since 1968 when it was created by the federal government. There are more than 20,200 communities, and as of June 30, 2011, the program had nearly 5.6 million policies in force with …
The chronic gap between the incomes of the richest and poorest citizens is seen as the risk that is most likely to cause serious damage globally in the coming decade. That’s according to more than 700 global experts contributing to …
