Markets
Alternative Capital Softening P/C Re Market: Towers Watson CFO Survey
A new survey from Towers Watson confirms that more than half (55 percent) of property/casualty insurance chief financial officers believe the property reinsurance market is softer than the primary ...
Emerging Economies Holding Back Global Recovery: OECD
The recovery in developed economies is on track, although slowing activity in big emerging markets means global growth will be only moderate at best in the near term, the Organisation for Economic ...
Workers Comp Needs to Catch Up With Health Care Changes: Economist Gruber
Workers compensation must align itself with the rest of the changing health care system to avoid increased cost-shifting by workers and medical providers, according to an economist involved in the ...
Industry Alliance Formed Promoting Value on High Net Worth Specialists
The Private Risk Management Association (PRMA) on Tuesday announced its formation as a nonprofit, independent, member-owned organization committed to supporting the specialist high net worth ...
Markel’s Michael Crowley: Former Broker COO Deepening Carrier Sales Culture
Michael Crowley had been in the chief operating role of property/casualty insurance organizations for nearly two decades when he signed on to be an executive for Markel Corp. in 2009. But for all of ...
Consumer Group Offers Fix for Uninsured Motorist Problem
Most uninsured motorists in the U.S. are responsible, safe drivers who simply cannot afford to purchase liability coverage with their income but who still need to drive for their work, according to a ...
Private Equity, Insurance Execs Team Up on Earthquake Insurer Startup
Genstar Capital Management, LLC, a middle market private equity firm announced Wednesday that it has partnered with insurance industry veteran David M. "Mac" Armstrong to set up an earthquake ...
Top 5 States for Auto, Homeowners Rates Hikes Revealed: Perr&Knight
Personal auto insurance companies increased their rates by an average of 2.5 percent countrywide in 2013, according to insurance consulting firm Perr&Knight's RateWatch reports. The 2013 increase ...