Underwriting
ACE CEO Greenberg Cautions on Wall Street Draining Reinsurance Pond
ACE Limited Chief Executive Officer Evan Greenberg said the influx of Wall Street capital into the reinsurance industry is pressuring rates and that he is prepared to cut sales of backstop coverage. ...
ACE CEO Greenberg Looks to Mexico to Grow as Brazil Slows
Evan Greenberg, the chief executive officer of Ace Ltd., said the insurer is looking beyond Latin America's largest economy as he seeks growth in the region. "It's obviously slowed down a lot in ...
Is Travelers’ Price-Cutting a Sign Rate Increases Have Peaked?
Travelers Cos. Inc. said it would cut jobs and reduce prices of auto insurance, steps investors took as an indication that rates had risen too far and competition was increasing. The company's shares ...
W.R. Berkley Rates, Profit Up; CEO Comments on Berkshire Specialty
W.R. Berkley Corp. reported $116 million net income for its 2013 second quarter, up more than 6 percent from $109 million net income posted one year ago. The net income for the first six months of ...Travelers’ Q2 Profit Up Due to Continued Rate Hikes
Travelers Cos., the lone property/casualty insurer in the Dow Jones Industrial Average, said second-quarter profit climbed 85 percent as price increases helped improve margins. Net income increased ...
Electronic Aggression: Uncovering Expensive Coverage Gaps
It used to be bullies were restricted to the playground—but not anymore. Cyberbullying is at epidemic levels. Facebook, YouTube and other social media have become platforms for bullying, and ...
Managing, Not Excluding, New Risks Key To Long-Term P/C Growth: Actuaries
Property/casualty insurers must learn how to manage new risks like nanotechnology, not just exclude them, if they want to survive and grow long-term, according to speakers at the spring meeting of ...
P/C Industry Told TRIA Extension Will Not Pass In Time For January Renewals
The property/casualty insurance industry should not count on Congress reauthorizing the federal terrorism reinsurance program this year or in time for January renewals, according to a key insurance ...