P/C Industry News

Excess, Surplus & Specialty

Speculations for surplus lines market in 2006 Experts agree. The surplus lines market remains alive, healthy and stable. Who can argue with the success of this niche-based market that has risen from 4 percent in 1984 to almost 15 percent …

Personal lines looking fine, thanks to fewer accidents and price changes

I.I.I. JOINT P/C FORUM: Outside Looking In – Left to right: V.J. Dowling, Dowling & Partners Securities; Mark Puccia, Standard & Poor’s; David Schiff, Schiff’s Insurance Observer; Brian P. Sullivan, Auto and Property Insurance Reports and Franklin Nutter, Reinsurance Association …

Personal Lines Doing Fine, Even Without Price Changes, Suggest P&C Analysts

The year 2005 is looking like it was a relatively good one with solid financial news for property casualty insurers overall, despite record catastrophe losses, and 2006 could bring even better news, according to analysts at a recent New York …

Guy Carpenter Issues Report on U.S. Reinsurance Renewals

Global risk and reinsurance specialist Guy Carpenter & Company, a unit of the Marsh & McLennan Companies, has published “U.S. Reinsurance Renewals at January 1, 2006,” its “annual review of pricing, retentions and limits, capacity and terms and conditions covers …

S&P, Swiss Re Predict More Securitization, M&A’s in Life Market

It’s hard to get anything close to a consensus from financial analysts, but one forecast seems to be gaining almost universal credibility. The life sector is set for further consolidation in 2006. This appears to be the case in the …

S&P Maintains Stable Outlook on Italian Insurance Industry

In a recently issued study “Insurance Industry Risk Analysis: Italy (Republic of),” Standard & Poor’s Ratings Services said it is maintaining its stable outlook on the Italian insurance industry. S&P notes that as a consequence “insurer financial strength ratings on …

2005 P/C industry in a word: Resilience

The property/casualty insurance industry reported a statutory rate of return on average surplus of 9.5 percent through the first nine months of 2005, marginally below the 10.5 percent average return recorded during calendar year 2004. The results were released by …

New McKid on the Block

The purpose of this editorial is a simple hello to all of you. I am the new kid on the block at the Insurance Journal. I may be the new kid at the IJ, but not to the insurance industry. …

Alternative Products Changing P/C Landscape

“Convergence products,” or alternative insurance products such as catastrophe bonds and finite reinsurance products, will play a critical part in the competitive landscape of the P/C industry in coming years, said Clint Harris, vice president of research and publication at …

Editor’s Note: New McKid on the Block

The purpose of this editorial is a simple hello to all of you. I am the new kid on the block at the Insurance Journal. I may be the new kid at the IJ, but not to the insurance industry. …