Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
UK’s Flood Re Secures $3B Reinsurance Program; Scheme to Launch in April
Feb 4 2016 // Flood Re, the UK’s new flood reinsurance scheme, has successfully secured a £2.1 billion ($3 billion) multi-year reinsurance program. Flood Re, based in London, will begin operating in April. In an oversubscribed...
Why Google’s Not So Smart or Fast and Insurance Agents Aren’t Dead… Yet
Feb 2 2016 // Insurance agents aren’t dead yet, but even underwriters participating in the personal automobile insurance market may be looking for another line of work within the next two decades, industry observers said at a...
Tennessee Captive Industry Grew by 37% in 2015
Jan 29 2016 // The Tennessee Department of Commerce & Insurance (TDCI) announced that 57 new captive insurance companies domiciled in the state 2015, which represents a 37 percent increase over 2014. The new captives are comprised of...
Ace Westchester’s Rubel: Future Trends and the Insurance Industry
Jan 28 2016 // What will the insurance industry be like in 15 years? The future will arrive whether the industry is ready or not. And while even so-called experts are no better than the average person in predicting it, what’s most...
Inspiring Innovation an Aim of Iowa’s 3rd Global Insurance Symposium
Jan 25 2016 // Iowa will hold its third annual Global Insurance Symposium April 26-28, 2016, in downtown Des Moines. This year’s symposium is themed “Inspiring Innovation in the Insurance Industry.” Planners say...
Vaidyan Appointed to Lead GIC Re as India’s 1st Insurer Chairwoman
Jan 25 2016 // Alice Vaidyan has been appointed as chair and managing director of General Insurance Corp. of India (GIC Re), the national reinsurer. She is the first woman to be appointed as chair in the history of Indian insurance...
Something to Consider: Future Trends and the Insurance Industry
Jan 25 2016 // What will the insurance industry be like in 15 years? The future will arrive whether the industry is ready or not. And while even so-called experts are no better than the average person in predicting it, what’s most...
Report: Mississippi Insurers Not Overcharging Coastal Residents
Jan 25 2016 // Results of Mississippi’s Clarity Act Data Call are in and they confirm what insurance experts in the state say they already knew: insurers are not overcharging coastal residents in Mississippi. In fact, many...
China’s Insurance Marketplace Explained in California Symposium
Jan 25 2016 // Few people in the world could probably offer the sort of perspective on China’s developing insurance industry as economist Qixiang Sun. Sun is the dean of the school of economics at Peking University, and director of...
8 Industry Trends to Exploit for 2016
Jan 25 2016 // It is time to put on the thinking cap and roll up the sleeves to determine what needs to be done to put the firm in a great position for growth and profit in 2016. Those that like to be proactive by being strategic and...
5 Trends Driving Change in Insurance Distribution
Jan 25 2016 // The property and casualty (P/C) industry is in a great position for further growth in the upcoming year. Robust economic recovery along with the entry of new products and services have enhanced the industry’s...
P/C Execs Predict Cyber Growth, Democrat in the White House
Jan 25 2016 // Leaders of the property/casualty insurance industry expect 2016 to be a profitable year much like 2015 but do not see any increase in profitability this year for most lines of insurance, and they expect the economy to stay...
A Look Back and Ahead with Nationwide Ventures’ Michael Miller
Jan 25 2016 // Michael Miller, the longtime president and chief operating officer of Scottsdale Insurance Co., has stepped into a new executive role with corporate parent Nationwide where he’ll manage and spearhead strategic...
Insurance Noodle Expands Quoting to Homeowners Insurance Market
Jan 22 2016 // Insurance Noodle, a membership-based online platform for insurance agents, has rolled out its new homeowner’s insurance quoting capabilities. Agents who join Insurance Noodle can now access homeowner’s quotes...
Florida Group Calls for Transparency in McCarty Replacement Search
Jan 22 2016 // The Florida Association of Insurance Reform has asked Gov. Rick Scott and his Cabinet, which consists of Chief Financial Officer Jeff Atwater, State Attorney General Pam Bondi, and State Agricultural Commissioner Adam...
XL Catlin Applies for License to Open Reinsurance Branch in India
Jan 21 2016 // XL Catlin announced it has begun the licensing process to establish a reinsurance branch in India. The decision to pursue market entry into India aligns with XL Catlin’s strategy of establishing a presence in...
Florida’s Citizens Policy Count Reaches Lowest Level on Record
Jan 21 2016 // Florida’s Citizens Property Insurance Corporation announced Jan. 20 that it has reduced its policy count to under 500,000. The company said in a statement that its policy count on Jan. 19 was 484,788, the lowest...
Liberty Mutual Completes Chile M&A; Cámbara Named CEO of Chile Operations
Jan 15 2016 // Liberty Mutual Insurance named Fernando Cámbara Lodigiani as CEO of its Chile operations following its acquisition of approximately 99.6 percent of Compañía de Seguros Generales Penta Security S.A. (Penta...
China’s Insurance Marketplace Explained in California Symposium
Jan 13 2016 // Few people in the world could probably offer the sort of perspective on China’s developing insurance industry as economist Qixiang Sun. Sun is the dean of the school of economics at Peking University, and director of...
60% of P/C Execs See 2016 Much Like 2015; 55% Expect Democrat to Win White House
Jan 13 2016 // Leaders of the property/casualty insurance industry expect 2016 to be a profitable year much like 2015 but do not see any increase in profitability this year for most lines of insurance, and they do not expect the economy...
