Marsh, a wholly owned subsidiary of Marsh & McLennan Cos., says it has acquired Cosmos Services (America) Inc., the U.S. insurance-brokerage subsidiary of global trading firm Itochu Corp.
Property & casualty insurers could see a drop in the value of their fixed-income securities investments if interest rates climb as expected, according to Moodys Investors Service.
Rates are rising, multiple studies agreeeven global-property rates in non-catastrophe-exposed areas. But at least one firm, ALIRT Insurance Research, maintains the industry has not yet reached its tipping point for a hard-market turn.
Global-reinsurer capital declined 3 percent in 2011 over the previous year as first-quarter catastrophes and reduction in capacity from government programs took a big chunk out of the total, says reinsurance broker Aon Benfield.
The break-up of Ariel Re finished with both Arch and Goldman Sachs saying they have completed their purchases of Ariel Re Credit and Surety and Ariel Reinsurances Bermuda operations.
Risk managers seeking to control the cost of workers compensation coverage can find an effective weapon by utilizing claims data and performing analyses that will help them deal with the most expensive claims.
Wildfires in New Jersey and New York are prompting warnings of an active fire season because of unusually dry conditions along the East coast coupled with record high temperatures in March.
An earthquake registering magnitude 8.6 earthquake off the Northern coast of Sumatra stirred fears of the horrendous events of almost three years ago, but appears to have produced little significant damage.