A.M. Best Co.’s special report on the P/C industry features a tried-and-true warning: “Expect the best, plan for the worst, and prepare to be surprised,” which it points out is “sage advice for an industry that bases its business on …
E&S Industry Returns to Familiar Ground Neither wind, nor rain nor the dark cloud of standard carriers returning to the marketplace will keep excess and surplus insurance writers from maintaining profitability. From coast-to-coast the E&S industry is going back to …
Today, Friday, Jan. 14, marks the long anticipated official takeover of regulatory responsibility over the U.K.’s insurance industry by the Financial Services Authority. There should be no major surprises, as the FSA’s insurance division, headed by David Strachan, has been …
Reserve deficiencies, which have plagued property/casualty insurers in recent years, improved dramatically in 2003, according to a new study by Conning Research & Consulting. The Conning Research study, “Property-Casualty Loss Reserves: As Good as It Gets?” estimates P/C reserve deficiency …
Nestled amidst the snow-capped peaks surrounding Colorado’s Vail Mountain Resort, a select group of insurance professionals will be gathering Jan. 26-29 to develop the strategy and means to generate higher profits, greater income and new available markets/programs. The annual Peak …
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 …
A.M. Best Co. has released a year-end report on the U.S. P/C industry, which indicates that, “despite the colossal hurricane losses posted during the third quarter of 2004,” it “reported very strong nine-month 2004 operating results, propelled by underwriting income …
According to a study published today by Standard & Poor’s Ratings Services, the U.S. property/casualty insurance industry has experienced greater ratings stability in 2004, primarily due to improved earnings. The study, entitled “Industry Report Card: U.S. Property/Casualty Insurers,” indicates that …
Texans like to say everything is bigger in Texas, but economist Robert P. Hartwig came to Dallas to explain that big numbers alone aren’t worthy of celebration. The Texas insurance industry, for example, enjoys big premium volume but profits are …
The credit outlook on Australia’s nonlife insurance industry will remain stable in 2005, despite moderation in earnings, according to Standard & Poor’s Ratings Services latest industry report card on Australia’s P/C insurance sector. “Advances in underwriting quality, operational efficiencies, and …
