Industry News
Heard at PCI: Re Brokers See Changes Beyond Rate Drops at Jan. 1
Insurance carriers are not sitting around looking forward to lower-priced reinsurance contracts on their Jan. 1, 2014 renewals. For some, the renewal negotiations are done. Others are locking in ...
MetLife May Challenge If Designated Systemically Important
MetLife Inc., the largest U.S. life insurer, said it will weigh challenging any designation as a systemically important financial institution after smaller rival Prudential Financial Inc. abandoned ...
Liberty Mutual Q3 Profit Up 3.4% to $481M; Core Underwriting Results Improved
Liberty Mutual Holding Co. Inc. reported net income of $481 million for its 2013 third quarter, a 3.4 percent jump from $465 million profit reported one year ago, reflecting improved core ...
Florida Eyes Effect of Lower Reinsurance Costs on Homeowners Rates
Florida Chief Financial Officer Jeff Atwater wants to know why home insurers are not passing along to insureds apparent savings they are realizing on reinsurance. The state's insurance regulator says ...
Zurich Insurance ‘Confident’ About Reaching Improved Profitability Target
Zurich Insurance Group AG, Switzerland's biggest insurer, said it is still "confident" its non-life unit can improve a profitability target with cost cutting after it announced in August it may miss ...
Swiss Re Sees Emerging Market Infrastructure Construction Boosting Premiums
Swiss Re Ltd., the world's second- biggest reinsurer, estimates $43 trillion in infrastructure investments related to urbanization in emerging markets through 2030 may translate into $68 billion in ...
S&P Ups XL Rating to A+; 3Q Earnings Fall on Large Losses
Standard & Poor's boosted the financial ratings of the operating subsidiaries of XL Group to A+ on Tuesday, providing external affirmation of positive progress made over the last five years. ...
Oklahomans Urged to Buy Earthquake Insurance
Oklahoma's insurance commissioner is advising residents to purchase earthquake insurance after a national report suggested that seismic activity in the central part of the state is here to stay. ...