Markets
P/C Insurers Among Fortune’s Fastest Growing Companies
Even though growth seems hard to come by for property/casualty insurers, five made the top 25 of Fortune's 100 fastest growing companies published late last month. One of the five—Federated ...
Drought’s Economic Damage Went Global in August: Aon Benfield
Severe drought in the western U.S. caused economic losses in August of at least $3 billion, mostly from agricultural damage in California, Aon Benfield's Impact Forecasting said in a new report. ...
Tier 1 Reinsurers More Resilient than Smaller Firms in Current Market: Fitch
Major tier 1 reinsurers stand to benefit most from a changing reinsurance market and mounting competitive pressures, while small monoline companies will be the hardest hit, according to a reinsurance ...
Report: Zurich Pulling Together $8.4B Financing For RSA Bid
Zurich Insurance Group AG has arranged 5.5 billion pounds ($8.4 billion) in financing for the takeover of smaller rival RSA Insurance Group Plc, according to people with knowledge of the plan, ...
Insurance Losses From Tianjin Explosion Could Hit $3.3B: Guy Carpenter
The two massive explosions which hit China's Port of Tianjin last month could generate insurance losses of up $3.3 billion, according to a report published by Guy Carpenter. The report estimates ...
Reinsurance M&A Intensifies in Competitive Market Environment
The reinsurance industry is in a state of transition as unutilized capital and the threat of alternative reinsurance providers, combined with slowing premium growth and sagging investment yields, ...
AIG Aims for Couture Crowd With Designer Clothing Coverage
American International Group is aiming for more high net worth policyholder business with new coverage for couture and other designer clothing – items than can be worth thousands of dollars. AIG is ...
Actuaries, Analytics Pros in Hottest P/C Insurance Talent Markets: Labor Study
In spite of fading carrier optimism about revenue growth and increasing activity on the M&A front, unemployment in the insurance industry remains near an all-time low. For carriers, that means ...