Continuing in its effort to beat out Max Capital with a rival bid for Bermuda-based IPC Holdings, Validus Holdings has upped its offer to shareholders of the targeted property-catastrophe reinsurer.
Duck Creek Technologies, a provider of software and services for the insurance industry, announced the release of its new Duck Creek billing solution, a Web-based .NET system designed to support the
Independent agencies that do an outstanding job selling insurance and providing risk management services for their clients are urged to enter the 2009 NU "Commercial Insurance Agency Of The Year" award program, with entries due July 13.
Property-casualty insurers will emerge from the recession with distaste for equity investments and a renewed focus on underwriting, the industry's leading economist predicts.
Producers at the educational session of this year's annual meeting of managing general agents were advised on bottom line improvements including captive creation and better internal communication.
The struggling economy will spur mergers and crimp insurers' profits in the short term, but down the road it offers them opportunities to achieve efficiencies and greater growth, the head of the Life Office Management Association said.
With independent agencies struggling to survive in this anemic economy, many are looking to join with a bigger operation to bolster their leverage with carriers, gain access to new markets and achieve economies of scale.