I have a second, unpaid job. It’s seasonal. Each year during the last two weeks of October, I field a lot of calls from reporters. You see, I’m the world’s leading authority on poisoned Halloween candy. I acquired this distinction …
Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, announced the launch of “its first tool to understand the financial impact of riots by developing an analysis of the threat within Indonesia.” The bulletin explained that the …
The XL Group announced net income and operating net income of $135.6 million and $154.6 million, respectively, compared to net income and operating net income of $171.9 million and $188.0 million, respectively, in Q3 2012. The decrease was “primarily due …
David Howden, the chief executive of the London-based Hyperion Insurance Group, founded the company in 1994, “as a business to take on wholesale products in the international market,” he explained in a telephone interview with the IJ. Howden, however, had …
Zurich Insurance Group AG, Switzerland’s biggest insurer [3rd largest in Europe], said it is still “confident” its non-life unit can improve a profitability target with cost cutting after it announced in August it may miss the goal relative to peers. …
Swiss Re Ltd., the world’s second-biggest reinsurer, estimates $43 trillion in infrastructure investments related to urbanization in emerging markets through 2030 may translate into $68 billion in premiums for insurance policies that cover construction risks. Rising income and asset ownership …
Bob Rusbuldt, president and CEO of the Independent Insurance Agents and Brokers of America – the Big “I”- takes issue with a McKinsey report that claims local independent agents will soon be extinct. In this fourth installment from an interview …
On the anniversary of Superstorm Sandy, New Jersey Gov. Chris Christie toured the state Tuesday to celebrate New Jersey’s progress in recovering from the devastating storm, but he also heard from residents whose lives are still in tatters.Visiting a flood-damaged …
A new survey of New Jersey residents who have been displaced from their homes because of Superstorm Sandy shows many of them are not happy with their insurers. The Monmouth University Polling Institute in West Long Branch, N.J., conducted a …
Buyer demand for available independent agencies is greater than the supply and it’s been that way for years, according to Rick Bondurant, director of management services for the Independent Insurance Agents of Texas. “Even the smallest book has a wide …
