Three-quarters of executives surveyed at the Insurance Information Institute's Property/Casualty Insurance Joint Industry Forum in New York said they expect an improvement in profitability in 2012. III conducted the survey at the forum,...
Insurance buyers are continuing to be affected by fluctuating economic conditions, with unfavorable repercussions on the P&C industry, according to Ernst & Young's Property-Casualty Insurance Industry Outlook. Low premium growth is expected to...
2011 was one of the most active on record for natural catastrophes, with 253 events generating an economic loss of $435 billion, according to Aon Benfield's Annual Global Climate and Catastrophe Report. At...
When John Fogerty musically asked "Who'll Stop the Rain?" 40 years ago, he was pondering the world's disquiet. But given the economic and insured damage from natural catastrophes that deluged the U.S. and...
HEADNOTE The seventh annual Community Bankers Symposium, co-sponsored by the Federal Reserve Bank of Chicago, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC), was held...
In this newly created role, Pressman will partner closely with the executive management team to further improve performance, strengthen integration, help maintain financial stability and lead new business initiatives to build upon the...
China's top four listed insurance companies all announced their premium income results for 2011. China Life Insurance recently announced premium income of 318.3 billion yuan (approx. US$50.5 billion) for the whole of 2011,...
The Shanghai branch of China Life Insurance Company (China Life) announced that it saw 10 per cent growth in premium income in 2011. Under the condition that the life insurance market in Shanghai...
U.S. Treasuries Expected to Remain Volatile; Corporate and High Yield Issues Continue to Be An Attractive Option Due to Business Climate SAN FRANCISCO -- Bank of the West's Wealth Management Group today released...
OLDWICK, N.J. -- A.M. Best Co. has downgraded the financial strength rating to B++ (Good) from A- (Excellent) and issuer credit rating to "bbb+" from "a-" of GHS Property and Casualty Insurance Company...
HAMILTON, Bermuda -- Aspen Insurance Holdings Limited ("Aspen") (NYSE: AHL) today announces an initial estimate of losses of $54 million, net of applicable reinsurance, reinstatement premiums and tax, for the flooding in Thailand....
HAMILTON, Bermuda -- Alterra Capital Holdings Limited ("Alterra") (NASDAQ: ALTE; BSX: ALTE.BH) today announced that it expects to record fourth quarter 2011 losses from catastrophe events of approximately $50 million, including an initial...
OLDWICK, N.J. -- A.M. Best Co. has assigned a financial strength rating (FSR) of B++ (Good) and issuer credit rating (ICR) of "bbb+" to Farmers and Mechanics Fire and Casualty Ins Co (FMF&C).The...
Centrix WorkSpace iQ[TM] recognized for providing value and insight to enterprise desktop and application teams evaluating and deploying desktop virtualization NEWBURY, England -- Centrix Software today announced that WorkSpace iQ, an analytics solution...
AXIS Capital Updates Loss Estimates for Catastrophe Events in the First Three Quarters of 2011 PEMBROKE, Bermuda -- AXIS Capital Holdings Limited ("AXIS Capital" or the "Company") (NYSE: AXS) today announced that the...
HAMILTON, Bermuda -- Alterra Capital Holdings Limited ("Alterra") (NASDAQ: ALTE; BSX: ALTE.BH) today announced that the Brazilian insurance and reinsurance regulator, Superintendencia de Seguros Privados (SUSEP), has given final approval for Alterra to...
SAN RAMON, Calif., Jan. 18, 2012 (SEND2PRESS NEWSWIRE) -- EPIC Programs Group, a managing underwriter and program administrator providing leading-edge risk management and insurance solutions nationally, announced that they have expanded the menu...
OLDWICK, N.J. -- A.M. Best Co. has revised the outlook to stable from positive and affirmed the financial strength rating of A- (Excellent) and issuer credit rating of "a-" of Midwest Family Mutual...
PEMBROKE, Bermuda -- Regulatory News: PartnerRe Ltd. (NYSE, Euronext: PRE) today announced that the Company expects to record a charge of approximately $120 million, pre-tax and net of retrocession and reinstatement premiums, in...
CHICAGO -- According to a new Fitch Ratings report, Bermuda (re)insurers overall have been able to weather the recent storm of heightened catastrophe losses, and should be well-positioned to take advantage of improvements...