US commercial P&C pricing remained in positive territory during the first quarter of 2015 with average rate increases of 2 percent, according to Towers Watson's latest commercial lines insurance pricing survey (Clips)
Tokio Marine's $7.5bn all-cash deal to acquire US specialty carrier HCC will further diversify the Japanese insurance giant's revenue and profit stream, easing the pressure on domestic business.
James Rowan, head of non-marine underwriting at Marketform, is set to leave the Lloyd's managing agency after almost 17 years, The Insurance Insider has learned.
The presence of alternative capital in reinsurance could lessen post-event pricing peaks, without doing anything to smooth out the troughs of the market cycle, according to Transatlantic Re CEO Mike Sapnar.
Specialty rates are close to reaching the bottom as fierce competitive pressures have spurred a market "war", Amwins CEO Steve DeCarlo told the Standard & Poor's 2015 Insurance Conference yesterday (10 June)
