Commercial Lines

Insurance chief financial officers say current market conditions will result in increased mergers and acquisitions, according to data from a Towers Watson survey.

Nearly all homeowners affected by the most recent wildfires in Texas have been contacted by their insurers and are in the recovery process, according to the Insurance Council of Texas.

Inland-marine insurers are faced with a thinning and aging talent pool in a line of insurance that requires highly specialized industry and insurance knowledge, according to a recent Conning Research & Consulting report.

Typhoon Roke weakened before striking Japan today near Hamamatsu City in Shizuoka Prefecture, but has still caused damage and deaths.

Rating agencies will have their eyes on how mutual insurers manage risk and capital through the current soft-market, two rating-agency executives say.

Lloyds today announced an interim loss before tax of 697 million ($1.12 billion at current exchange rate) for the 2011 first half, compared to 628 million ($980.3 million) in profit for the same period a year ago.