Content from Susanne Sclafane
Risk Readiness Declines Worldwide—Even For Insurers
Risk decision makers from 1,400 companies around the globe report that the 10 biggest risks facing their companies wiped away 42 percent of their income, on average, during the last 12 months, a new ...
Cyber Risk Still Not Insured By Most RMs: Towers Watson Survey
Carriers offering cyber insurance may have seen an increase in demand for their specialty insurance policies over the past year, but more than 60 percent of risk managers surveyed say they still ...
Fitch Commercial Lines Analysis: Workers’ Comp Weak; Med Prof Deteriorating
Accident-year loss ratios for all major commercial insurance lines except medical professional liability insurance improved in 2012, but none of them produced an accident-year underwriting profit ...Insurance Salesman By Choice: PHLY’s Robert O’Leary
For Robert O'Leary, the new CEO of Philadelphia Insurance Company, the days when he peeled himself out of the driver's seat of an unairconditioned car to sell casualty insurance policies around ...
Upcoming Cat Model Change, Capital Markets Pressuring Prop-Cat Rates, Execs Say
As first-quarter earnings reports started trickling in from property/casualty insurers and reinsurers carriers last week, two executives confirmed that property-catastrophe pricing is coming under ...
Back-To-Back Drought Years Statistically Likely, Platinum CEO Says
When Platinum Underwriters Holdings, Ltd. reported a 6.2 percent drop in first-quarter net premiums last week, CEO Michael Price attributed a small part of the drop to an intentional cut in the ...
O’Leary Set To Lead PHLY’s High Achievers & Loyal Soldiers
Although the name of the senior-most officer of Philadelphia Insurance is changing, just about everything else is going to stay the same at the 51-year old specialty insurance company, according to ...
Alternative Re Capital Wave Lowering Traditional Re Prices Too
If April 1 is an accurate barometer for U.S. property/casualty insurers with June and July 1 reinsurance renewal dates, then those primary carriers can look forward to lower prices for both ...