P/C Industry News

Reinsurance Rates Falling or Flat, Except on U.S. Wind Exposures, Willis Reports

Reinsurance rates for the property casualty industry are falling or flat, except for insurers with major property wind exposure along the Gulf and East Coasts in the U.S., whose rates are still rising. That is one key finding from an …

TRANSACTION BOOM … AND BUSTS OF THE PAST YEAR

The year 2006 was a boom year for mergers and acquisitions within the property casualty insurance world. An Insurance Journal Special Report: 2006 Mergers & Acquisitions in the P&C Insurance Industry shows that almost 200 deals were reported and/or completed …

New Markets Report

New insurance products seemed to be in great supply in 2006 as the market for most lines continued to turn toward softer times. No market was as robust as professional and management liability lines, according to a review of new …

2006: a big year for P&C buyers and sellers of all shapes and sizes

The year 2006 was a boom year for mergers and acquisitions within the property casualty insurance world. An Insurance Journal Special Report: 2006 Mergers & Acquisitions in the P&C Insurance Industry shows that almost 200 deals were reported and/or completed …

2006 New Markets Report

New insurance products seemed to be in great supply in 2006 as the market for most lines continued to turn toward softer times. No market was as robust as professional and management liability lines, according to a review of new …

Can the stand-alone market withstand TRIA ending?

The market of last resort may soon become the only option for thousands of policyholders if the Terrorism Risk Insurance Act (TRIA) sunsets and property/casualty carriers stop offering terrorism coverage. With a recent government report suggesting that TRIA should not …

Can the stand-alone market withstand TRIA ending?

The market of last resort may soon become the only option for thousands of policyholders if the Terrorism Risk Insurance Act (TRIA) sunsets and property/casualty carriers stop offering terrorism coverage. With a recent government report suggesting that TRIA should not …

Flying solo now, former Zurich exec ‘gooses’ independent agents

A retired insurance industry executive turned turbo-charged speaker told a group of independent insurance agents that they are the greediest people he has ever met. Ray Thomas, a former Zurich North America Small Business CEO, meant his remark as a …

SPECIAL REPORT: Surplus Lines

The insurance industry’s excess and surplus lines (E&S) sector has experienced a pronounced reversal of position in the last 20 years. Once considered a mere adjunct, a safety valve for risks that were too hard to cover in the standard …

Flying solo now, former Zurich exec ‘gooses’ independent agents

A retired insurance industry executive turned turbo-charged speaker told a group of independent insurance agents that they are the greediest people he has ever met. Ray Thomas, a former Zurich North America Small Business CEO, meant his remark as a …