Is there an $82 billion capital hole in the property-casualty insurance market? If so, who will fill it? Those were some of the troubling questions raised by catastrophe modeler Peter Nakada,
Unlike static factor-based models, dynamic models--such as the one Fitch will use to rate insurers and reinsurers--assess the ability of companies to withstand multiple stresses to underwriting and
"We're going to fight this one. We're going to resist it. We're going to try to kill this one. It deserves to be killed," Ernie Csiszar, president and chief executive officer of PCI, told executives g
NEW YORK--Irresponsible competition is the biggest risk facing the insurance industry, and Eliot Spitzer is a shoe-in to become New York's next governor, according to a recent poll of insurance industr
Two major rating agencies revealed details of their latest efforts to revise their capital models this week, with both assuring insurers they evaluate that the changes will not immediately impact rati
The questions--and the $82 billion lack of surplus estimate--came from by Peter Nakada, managing director of Newark, Calif.-based RMS Consulting, who admitted that the figure he spoke of was a "back of
The questions--and the $82 billion lack of surplus estimate--came from by Peter Nakada, managing director of Newark, Calif.-based RMS Consulting, who admitted that the figure he spoke of was a "back of
NEW YORK--Industry leaders need to get the message to front-line underwriters to maintain pricing discipline, but even that won't prevent inevitable soft markets--or a potential competitive pricing 'blo
Mr. Thaler admitted that this was unusual advice for a broker to deliver. He said the message for brokers was a by-product of his concern that business will be driven out of the market, never to retur
Allied World Assurance Group reported a 52 percent jump in first-quarter net income yesterday, attributing the result to a better combined ratio and a boost in net investment income over last year's f