Asbestos-related losses are not likely to create any severe capital shocks for property and casualty insurers, but those losses will continue to bleed through insurers earnings, and asbestos reserves may be deficient by as much as $9 billion as of year-end 2013, a new analysis says.
Arthur J. Gallagher says 2014 first-quarter net earnings were $49.3 million and reported revenues were $915 million, up from $40.5 million and $674.1 million respectively in 2013s first quarter.
February was another strong hiring month for property and casualty insurers and agents and brokers, according to an analysis of the latest U.S. Labor Departments Bureau of Labor Statistics figures.
Nomura analysts compare and contrast the different management styles of Willis CEO Dominic Casserley and his predecessor, Joseph Plumeri, concluding that Casserley's calm approach best suits the Willis of today.
Nomura analysts compare and contrast the different management styles of Willis CEO Dominic Casserley and his predecessor, Joseph Plumeri, concluding that Casserley's calm approach best suits the Willis of today.
The National Governors Association expressed concern in a letter to Treasury Secretary Jacob Lew about Decembers Federal Insurance Office regulatory modernization report and its role in the larger state vs. federal regulation debate.
The National Governors Association expressed concern in a letter to Treasury Secretary Jacob Lew about Decembers Federal Insurance Office regulatory modernization report and its role in the larger state vs. federal regulation debate.
Uncertainty and risk aversion trumped other, more favorable mergers and acquisitions factors present in 2013 to drive U.S. property and casualty M&A activity to its lowest level since 2008-09.
Many property and casualty CFOs agree with what large brokers, analysts and industry observers have been saying: Alternative capital is holding down reinsurance rates, contributing to a market that is softer than the primary market.