Underwriting & Pricing
W.R. Berkley Q4 Profit Declines 21%; Underwriting Improves
W. R. Berkley Corp. reported $130.38 million in net income for the 2013 fourth quarter, a 21 percent decline compared to $165.49 million reported during the prior-year fourth quarter. The net income ...
Hiscox, Beazley Join Forces to Offer $50M of D&O Capacity
Lloyd's of London insurers Beazley and Hiscox have partnered to offer brokers and clients a D&O consortium through which the syndicates will provide materially higher limits and offer additional ...
Reinsurance at Crossroads Part 2: Emerging Markets and Risks; the Road Ahead
As detailed in Part 1, "The Market in the Developed Economies" the reinsurance industry faces the task of partially reinventing itself to expand in those sectors where it can achieve growth. Property ...
Lifting of Sanctions Brings Uncertainty Over Iranian Oil Tanker Insurance
Insurance for tankers to export Iranian crude may be unusable even after the U.S. and the European Union eased sanctions against the Persian Gulf state, a group covering vessel owners said. Ship ...
Securities Class Actions Up in 2013 But Less Than Average
Plaintiffs filed 166 new federal securities class actions in 2013, a nine percent increase over 2012, however, the 2013 total is still 13 percent below the average from 1997 to 2012 despite being ...Analysts Say Travelers Results Signal Pricing Trend; CEO Fishman Not So Sure
The Travelers Cos.' earnings, one of the first major insurance earnings to be reported each quarter, are often closely observed by industry participants as a bellwether for marketplace trends. And ...
How Past Experience Heightens Perceptions of Disaster Risks
People who have experienced a disaster such as an earthquake, flood, or terrorist attack have a heightened perception of the risks posed by these and, in some cases, unrelated risks, according to a ...
Oil Train Catastrophe Risk Weighs on Insurers: Kemp
In the event of a mass-casualty accident involving the derailment of a crude-carrying train in a densely populated urban area, who would be responsible for the compensation for deaths, injuries, ...