Professional services firm Marsh & McLennan Cos. reports 2011 fourth quarter net income increased 26 percent, as both its risk and insurance and consulting divisions reported positive growth.
If there wasnt enough tension between Allstate agents and the company already, a memo about a glitch in agents compensation may have added some more fuel to the fire.
Insurance brokers Arthur J. Gallagher and Hub International Ltd. recently announced a total of four acquisitions in the Midwest and Western United States.
Insurance brokers Arthur J. Gallagher and Hub International Ltd. recently announced a total of four acquisitions in the Midwest and Western United States.
Rates on commercial all-risk property policies saw across-the-board increases in January, climbing by close to 6 percent in some cases, says insurance broker Marsh.
Rates on commercial all-risk property policies saw across-the-board increases in January, climbing by close to 6 percent in some cases, says insurance broker Marsh.
In an environment of rapidly evolving risks, merely anticipating risk is not enough: Organizations also need to focus on building resilience to effectively manage risk and to position themselves for long-term sustainability, says the chief executive of Willis Group Holdings.
Allstate Corp. saw its fourth-quarter net income jump 145 percent, while W.R. Berkley, ACE Limited, CNA and Validus reported Q4 net-income decreases along with global reinsurer Munich Re.
Catastrophe losses in 2011 led to the U.S. P&C industrys largest underwriting loss since 2002, according to A.M. Best. And while the latest MarketScout barometer shows that 2012 began with another month of commercial-lines rate increases, Best maintains that a true hard market is likely at least a year or...