Lloyd's has had success with its recent foray into Brazil, but has doubts about a few other locations, Caroline McDonald reports from the Risk and Insurance Management Association Conference in Orlando.
Despite a premium price increase push by insurers, rates remain competitive, especially for new accounts with good risk profiles, the chief executive of Brown & Brown said as the firm reported a 7 percent first-quarter decrease in net income.
Putting its money where its mouth is with support of risk management education, FM Global handed out the first of a series of grants yesterday so two universities can develop course curricula for students studying loss prevention and insurance.
Insurers bracing for potential losses from the installation of defective Chinese drywall in homes in the Southeast may find themselves named directly in lawsuits, according to legal experts.
American International Group announced today it was accelerating the spin-off of its major property-casualty insurance units into a separate company so that it can sell off a minority share to the public.
Insurance broker BB&T Insurance Services said its first-quarter revenue grew by 19 percent, helped by a combination of acquisitions and new market activity, according to the company's chief executive.