Listing market pressures for reinsurers that distinguish the current soft market, Elizabeth Mitchell, president of Platinum Underwriters Reinsurance in New York, noted that ceding companies are
Some standard markets that jumped into the excess and surplus business in recent years have already gotten out, an executive of a large E&S carrier said recently, going on to predict that the
Insurers writing the bulk of their business in specialty lines saw declines across the board in the first quarter of 2008, with income and premiums dropping, while combined ratios ticked up for most
Three program administrators expressed their concerns about revolving door personnel during a panel discussion at the Target Markets Program Administrators Association midyear meeting in April, after
First, program administrators responded to an on-site poll during the midyear meeting of the Target Markets Program Administrators Association about their strategies for dealing with the soft market
"At the end of the day, that's really the key--having knowledgeable, flexible, experienced staff" who know how to shift gears and respond to changing conditions, said Euclid Black, president of
Mr. Berkley--responding to questions during a recent media briefing about his leadership of a 17-member coalition seeking changes in taxes for offshore entities--said it would not surprise him if the
Elizabeth Mitchell, president, Platinum Underwriters Reinsurance in New York, who is also a fellow of the Casualty Actuarial Society, made the observation during the opening session of the CAS Seminar
BOSTON--While there are differences between the current soft market and previous periods of rate declines, some destructive insurer behavior never seems to change, a group of reinsurance actuaries sugg
Accounting rules that contributed to recent problems at American International Group and other giant financial institutions have made financial statements less clear and less transparent for