ICAT Holdings announced the creation of a new underwriting syndicate at Lloyd's of London late last week, explaining that the syndicate will have $200 million of gross capacity for U.S. catastrophe-ex
Greg LaCost, assistant vice president and regional manager for Property Casualty Insurers Association of America (PCI), said the group is concerned about a variety of legislative initiatives expected
"The three agencies receiving the designation at this year's Summit exemplify the standard we are setting for program business," said Mr. Seifert, who is also president of The Lighthouse Companies, an
"The three agencies receiving the designation at this year's Summit exemplify the standard we are setting for program business," said Mr. Seifert, who is also president of The Lighthouse Companies, an
A.M. Best Co. has assigned debt ratings to the two classes of loan obligations issued by Panther Re Bermuda Limited, a newly created reinsurance sidecar financial vehicle for Hiscox, a Lloyd's syndica
A market survey by Texas independent insurance agents has found Gulf Coast property insurance costs have risen up to 20 percent this year but slightly lower premium rates are available elsewhere in th
Five major insurance brokers will find it difficult to grow revenues through 2007, as they continue to be challenged by the soft market while adjusting to life without contingent commissions, Bear
Maine Insurance Superintendent Alessandro Iuppa will cut short his term and leave his appointive post on Jan. 13, 2007, a few weeks after concluding his presidency with the National Association of
New York Attorney General Eliot Spitzer's office has notified four major insurers they can no longer pay contingent commissions to agents and brokers that sell auto, homeowners, boiler and machinery,
Connecticut Attorney General Richard Blumenthal is considering whether to seek legislation banning insurers from paying contingent commissions to brokers and agents for commercial insurance--an