Content from L.S. Howard
Insurability Challenges Hamper Cyber Market Development: Geneva Assoc. Report
While insurance against cyber risk represents a tremendous new business for the insurance industry, numerous problems with the insurability currently impede the development of the market," according ...Rising Risks Could Cost Global Cities $1.17 Trillion of GDP in 2017: Cambridge Study
The costs of major shocks to the global economy from natural and manmade threats could put at risk $1.17 trillion of the total projected GDP of the world's major cities in 2017, according to the ...
AIG’s Schimek Sees Continued Combined Ratio Improvement in 2017
AIG has made good progress toward achieving its strategic goals of creating "a leaner, more focused, highly profitable commercial insurance organization," according to Robert S. Schimek, executive ...
Zurich Insurance’s Reunderwriting Starts to Bear Fruit
Zurich Insurance Group's reunderwriting program is starting to bear fruit—as evidenced by the company's improved third-quarter results—but CFO George Quinn readily admits there is still work to ...
XL Catlin CEO McGavick: Some P/C Industry Products Now ‘Shop-Worn’
The insurance/reinsurance industry needs to innovate and become more efficient. It is facing more risk, but premiums are declining. Some of its products have become shop-worn and less relevant. ...
“Danger Phase” May Be Next for P/C Industry Loss Reserves
Property/casualty insurers and reinsurers have released redundant liability reserves into their earnings for the past eight years as a result of favorable loss development. This practice has worked ...
Has the Reinsurance Cycle Reached Bottom? Opinions Vary at the Rendez-Vous
It may be wishful thinking – but some major reinsurers are hoping the bottom of the reinsurance cycle is at hand. Both Swiss Re and Hannover Re told journalists at this year's reinsurance ...
Low Prices Ultimately Could Bite London Market Insurers: A.M. Best, PwC Reports
The business outlook for the London insurance market is a familiar one across other global markets: Underwriting profits are under pressure as ongoing soft market prices begin to take a toll. In ...