Underwriting & Pricing
Swiss Re Reports Net Gain But Underwriting Loss Due to Disaster Claims
Swiss Re Ltd., the world's second- biggest reinsurer, reported its first quarterly underwriting loss since 2011 after a surge in claims from natural catastrophes and man-made disasters. The combined ...
Hannover Re Quarterly Net Rises 29% on Investment Income
Hannover Re, the world's fourth- biggest reinsurer, said second-quarter profit rose 29 percent, beating analysts' estimates, helped by higher investment income. Net income advanced to 186.3 million ...
Commercial Lines Rate Increases Slowed in July: MarketScout
After four months of going up at 5 percent, commercial property/casualty insurance rates have moderated. The July 2013 rate increase was plus 4 percent, according to MarketScout's market index. Rate ...
Insurer Challenges In ‘Adapting’ To The Climate Change Resilience Gap
The frequency and severity of natural catastrophe impacts to built assets are increasing. Governments and their taxpayers are taking increasing shares of disaster relief from such events, creating an ...
Axa, Allianz Report Improved P/C Results; Axa CEO de Castries to Stay On
Axa SA, Europe's second-largest insurer, said first-half operating profit gained 14 percent, beating estimates on higher property/casualty earnings. Axa jumped as much as 3.9 percent to a three-year ...
Wall Street Brokers Support Removing Liability Shield for Stock Exchanges
The government should strip U.S. stock exchanges of the legal status that protects them from most lawsuits, a trade group for brokers said. In a letter to the Securities and Exchange Commission, the ...
Provider Excess Insurance in High Demand: Survey
Evolving reimbursement models for healthcare providers are fueling a surge in demand for provider excess insurance with industry experts forecasting a jump in premiums of 15-30 percent in 2013, ...
Workers Compensation Market: Challenges Remain Despite Recent Improvements
The market for workers compensation insurance is in a recovery phase of the underwriting cycle after several years of poor results. In particular, premium rates continued to increase meaningfully ...