A new report from Standard & Poor’s notes that “Hurricane Katrina, followed closely on its heels by Hurricane Rita, wound up revealing the flaws in many insurance-industry assumptions.” The article, titled “Katrina Opens Pandora’s Box For Insurance Industry,” says that …
With Gulf Coast residents and the insurance industry trying to recover from the country’s worst natural disaster ever, two Insurance Journal reporters set out to see for themselves the effects of Hurricane Katrina. During the last week of October, Insurance …
Andreas Beerli, CEO of Swiss Re’s Property & Casualty business in the Americas, recently hosted the company’s annual year-end economic and insurance industry review and outlook and led the discussion about current reinsurance landscape in light of this year’s hurricane …
Like Arnold Schwarzenegger, today’s biggest and strongest insurance programs started out as scrawny kids, yet many carriers remain reluctant to take a chance with fledgling programs for niche markets, reports Insurance Journal in its Dec. 5, 2005 issue. For reasons …
Barbara Carey ACE USA announced two appointments in its ACE Casualty Risk Unit. William Hazelton has joined as senior vice president and underwriting manager for ACE Environ-mental Risk, and Mitchell Schmidt is now senior vice president and underwriting manager for …
ACE USA announced two appointments in its ACE Casualty Risk Unit. William Hazelton has joined as senior vice president and underwriting manager for ACE Environ-mental Risk, and Mitchell Schmidt is now senior vice president and underwriting manager for the Custom …
Property casualty insurance industry results should be relatively strong from 2005 through 2007, despite 2005’s hurricane activity and an increasingly competitive market, according to a new report by Conning Research and Consulting, Inc. “While the effects of the 2005 hurricane …
Cherry Hill, NJ: The McIntyre Group announced today a new strategic partnership with Seattle-based, Robert Callard & Associates, LLC. The partnership enhances the international risk management skills of The McIntyre Group by adding the international insurance experience of Robert Callard …
A.M. Best Co announced that it has begun to assess the potential financial impact of Hurricane Wilma on the property/casualty and reinsurance industry, following the storm’s landfall in South Florida. Best said its “initial focus will be on those rated …
With more than 3,200 people in attendance, the National Association of Professional Surplus Lines Offices’ annual convention convened in San Francisco, Calif., last month to address the “changing tides” in today’s insurance industry. While the conference’s theme focused on the …
