NU Online News Service, Jan. 25, 3:28 p.m. EST
Despite record losses for the insurance industry in 2011, low interest rates and continued economic volatility affecting insurers' earnings, there is no indication that the commercial-insurance marketplace is making a hard-market turn, says the chief executive of Marsh.
Speaking today during Marsh's webinar series, The New Reality of Risk, Dave Bidmead, chief executive officer, U.S. of Marsh said clients have benefited from the ample capacity of the insurance marketplace for years, primarily because of an overall benign period of catastrophe losses. However, in 2011, insurers dealt with the impact of approximately $105 billion in insured losses, a historic figure of loss for the industry.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
