By Anthony Dickson The retirement of Rodger Lawson, executive vice president of the Property Casualty Insurers Association of America (PCI) and former president of the Alliance of American Insurers (AAI), marks a milestone in the history of the U.S. property …
The insurance industry has difficulty convincing Congress about the significance of its business and some of its own leaders about the pitfalls of overly-aggressive price competition, according to one of the world’s leading insurance executives. Citing trouble renewing the nation’s …
Virtually every consumer-level prospect that you wish to insure already does business with somebody else. This common fact presents a permanent hindrance that agencies have to continually overcome. As you well know, it isn’t always easy to convince people to …
As she closes out her term as president of the Independent Insurance Agents and Brokers of America (IIABA), Louise “BeBe” Canter has spent more than a fair amount of time in airports on her way from one meeting to another. …
A special report released by A.M. Best Co. concludes that at the end of 2003, direct premium volume for the surplus lines industry increased by about 28 percent over the prior year, which followed an estimated 62 percent increase in …
The Netherlands’ ING Group and Germany’s Allianz announced that they have concluded a definitive share purchase agreement for the acquisition of Allianz’ property and casualty (P&C) insurance operations in Canada, except for its Canadian industrial lines business, which is part …
A special report released by A.M. Best Co. concludes that at the end of 2003, direct premium volume for the surplus lines industry increased by approximately 28 percent over the prior year, which followed an estimated 62 percent increase in …
According to a new special report from A.M. Best Co., the U.S. P/C industry recorded an underwriting profit of nearly $9 billion during the first six months of 2004, a substantial gain from the comparable period of 2003. Best said: …
First Responders Once upon a time, the excess and surplus line market was the safety valve of the insurance industry—the more lightly regulated, more financially shaky little brother to the admitted market. It was said to release the pressure on …
Kelley Touts Innovation as Core Competitive Advantage Lexington Insurance Co., the excess and surplus line subisidiary of the American International Group, has been the leader in the domestic E&S market for decades now. The company has leveraged its astounding financial …
