The upward climb in property insurance rates has suddenly reversed course thanks to abundant capacity and continued light catastrophe losses, says Willis North America.
Selective Insurance Group Inc. reports strong second-quarter results that executives say have surpassed projections and are the result of improved pricing and underwriting.
Selective Insurance Group Inc. reports strong second-quarter results that executives say have surpassed projections and are the result of improved pricing and underwriting.
Meadowbrook Insurance Group Inc. reports a second-quarter net loss of more than $11 millionan increase in net loss of 49 percent over the same period last year.
PartnerRe Ltd. reports a second quarter loss of $174 million as the combination of catastrophe losses, restructuring charge and a drop in investments took a toll on earnings.
Willis Group Holdings new chief executive has provided a sign of continuity, following the principals of former CEO Joe Plumeri on the issue of contingent commissions--on a case-by-case basis.
I sometimes wonder if there isnt an insurance executive or two who ponders whether the industry struck a Faustian bargain when it agreed to partner in the Write-Your-Own program.
I sometimes wonder if there isnt an insurance executive or two who ponders whether the industry struck a Faustian bargain when it agreed to partner in the Write-Your-Own program.
Insurance broker Aon says the cost of a restructuring plan put in place when it bought Hewitt Assoc. in 2010 is $86 million higher than its initial estimate and the company is eliminating 1,100 more jobs than its initial estimate.