High losses from 2011 are producing greater underwriting discipline among reinsurers when it comes to catastrophe-exposed renewals, according to a major insurance broker.
Arthur J. Gallagher says it acquired a healthcare broker in Colorado while the private equity firm Genstar Investors says it acquired a program administrator in Texas.
Arthur J. Gallagher says it acquired a healthcare broker in Colorado while the private equity firm Genstar Investors says it acquired a program administrator in Texas.
As the year comes to a close, Marsh issued a report saying current insurance rates are on a two-speed track, with loss affected accounts experiencing steep increases while good risks can still benefit from decreases on renewal.
As the year comes to a close, Marsh issued a report saying current insurance rates are on a two-speed track, with loss affected accounts experiencing steep increases while good risks can still benefit from decreases on renewal.
Grahame Millwater, the president of Willis Group Holdings, will retire at the end of the year and his responsibilities will be split between two senior executives.
In what may amount to a little holiday reprieve for Allstate agents, the company says it will not cut base commissions as deeply as it originally announced, but the head of an agents group says the rank and file is still not pleased with the companys move.
In what may amount to a little holiday reprieve for Allstate agents, the company says it will not cut base commissions as deeply as it originally announced, but the head of an agents group says the rank and file is still not pleased with the companys move.
The airline-insurance industry should be profitable this year if there are no major losses. Additionally, soft-market pricing and ample capacity should continue into 2012, according to Aon Risk Solutions.
The airline-insurance industry should be profitable this year if there are no major losses. Additionally, soft-market pricing and ample capacity should continue into 2012, according to Aon Risk Solutions.