The commercial transportation insurance market is far from hard and in some segments, first-quarter 2010 prices were lower than they were last year, according to a just-published survey of market participants.
Less than a week after announcing completion of a domicile change, Flagstone Reinsurance Holdings, S.A. announced that co-founder Mark Byrne will step down from his role as chairman of the board.
A leader's ability to communicate effectively means more than just giving instructions; it also means inspiring and gaining commitment from others, and there are steps that can lead to that goal.
Joseph Peloso, a veteran of the program business segment, remembers a time when unsolicited program proposals flooded the desks of property and casualty underwriters, offering more business than they could possibly handle.
The three biggest insurance brokerages reported mixed results for the first quarter, with Aon seeing a big drop in net income, Marsh & McLennan reporting a substantial gain, and Willis a more modest jump.
A soft market hasn't stopped excess and surplus lines industry veterans from building and launching businesses--and wholesale brokerages have been as active as carriers in the early part of 2010.
Signs of life may be returning to the residential construction industry, but the recession has left banks and developers suffering an unpleasant hangover.