Rating analysts at Standard & Poor's are concerned about loss reserving activities of commercial insurers, and insurance executives are eyeing the same troubling actions, speakers at a recent conference said.
In addition to the near-bankruptcy of American International Group, 2008 will stand out as a year when turmoil in global financial markets cut the property and casualty insurance industry's investment gains in half.
For only the second time in five-and-a-half years, average directors and officers liability insurance prices for all types of buyers may show an uptick for second-quarter 2009, a broker predicted.
For only the second time in five-and-a-half years, average directors and officers liability insurance prices for all types of buyers may show an uptick for second-quarter 2009, a broker predicted.
An executive involved in the bidding war for IPC holdings said after that battle ends the merger and acquisition landscape will likely heat up further in Bermuda.
NU's listings rank individual reinsurance companies rather than groups, using information from annual statements filed with U.S. regulators and compiled by Highline Data, an NU affiliate.
The U.S. reinsurance segment posted better results than its domestic property and casualty industry counterpart last year, according to National Underwriter's annual review of financial results.
At a time when charges of age discrimination are soaring, the U.S. Supreme Court may have given a break to employers and their employment practices liability insurers.
Members of corporate boards increasingly recognize that financially ailing carriers can topple directors and officers liability coverage towers, but they also need to structure strong programs in the event their own firms enter bankruptcy.
Reinsurance executives believe a higher level of discipline by reinsurance underwriters gives the group a more favorable outlook than would be the case for primary carriers in 2009.