Leadership & Strategy
P/C First-Half Results Improve on Premium Growth, Lower Cats
The only major component of net income moving downward for property/casualty insurers during the first half of 2013 was investment income, according to a compilation of aggregate industry figures ...
FASB to Hold Roundtable Meetings on Insurance Proposal
The Financial Accounting Standards Board (FASB) will host public roundtable meetings on its Proposed Accounting Standards Update, Insurance Contracts (Topic 834). The meetings will provide an ...
Surge in Firms Based in Emerging Markets to Reshape Corporate World: McKinsey
The number of large emerging market companies will surge in coming years and they will become competitors but also customers for rich-country firms, according to a new study. Almost three-quarters of ...
Moody’s Cuts Endurance Specialty Ratings Down to A3
On Wednesday, Moody's Investors Service announced that the rating agency lowered the insurance financial strength ratings of the principal operating subsidiaries of Endurance Specialty Holdings Ltd. ...
Allied World Europe Acquires Renewal Rights to Markel’s Aviation Business
Allied World Europe will acquire the renewal rights to a book of aviation business written by Lloyd's Syndicate 1400 and Markel Europe plc, Allied World and Markel International announced on ...
Meadowbrook Says Surplus Relief Re Deal with Swiss Re No Longer Needed
Meadowbrook Insurance Group, Inc. announced Wednesday that the company and Swiss Re have mutually agreed to terminate a quota-share reinsurance agreement that was put in place late last year. In ...
Monsanto Acquiring Weather Data Modeler, Farm Insurer Climate Corp. for $930 Million
Monsanto Co., the world's largest seed company, agreed to buy The Climate Corp. for about $930 million to provide farmers with weather data and agronomic modeling to boost yields and manage risk. ...Guy Carpenter Targets E&S Carriers with Specialty Practice
Guy Carpenter & Co., a global risk and reinsurance intermediary specialist and member of Marsh & McLennan Cos., announced the launch of its new Excess & Surplus Lines Specialty Practice. ...