Live Insurance News

Mergers and acquisition heats up within the insurance industry

May 15, 2014May 14, 2014 S.Vagus

Merger and acquisition activity is on the rise in the US and Canada There were a reported 110 insurance agency mergers and acquisitions in the U.S. and Canada during the first four months of this year, according to Optis Partners, LLC. This represents the highest frequency of mergers and acquisitions seen in the insurance industry since before 2008. There are many factors that influence the prevalence of mergers and acquisitions, including the hardening of the insurance market and ongoing economic problems. For some organizations, these sorts of deals may simply…

Insurance-linked securities market experiencing promising growth

July 27, 2012 Marc

Aon Benfield Securities releases report examining insurance-linked securities market Aon Benfield Securities, the investment banking arm of Aon Benfield, has released a new report concerning the insurance-linked securities market. The report examines a number of trends that have emerged in the insurance-linked securities market in the second quarter of 2012. Some of the trends examined in the report have carried over from the first quarter of 2012, with numerous factors adding to the momentum of these trends and increasing their influence on the market. Report shows $2.1 billion in catastrophe…

A.M. Best report shows strong growth in Vietnamese insurance market

April 21, 2012February 16, 2014 S.Vagus

Vietnam insurance market growing despite global economic turmoil A.M. Best, a credit ratings and financial research company service the insurance industry, has released a new report concerning the insurance market in Vietnam. The report notes that the country’s insurance market is showing strong signs of growth. This is despite the ongoing, worldwide economic problems that have stymied the insurance industry in some markets. A.M. Best is reporting that insurance premiums in Vietnam are growing by double-digit margins. The company expects this trend to continue as the country’s economy shows signs…

Insurers pulling out of markets in the wake of natural disasters

April 11, 2012April 11, 2012 S.Vagus

The natural disaster rate climbs as industry reevaluates high risk areas. Natural disasters seem to be happening more regularly, a fact that the global insurance industry is becoming uncomfortable with. In terms of insurance, powerful storms and weather-related catastrophes are becoming more commonplace. As such, insurers are feeling the pressure of increased liability and the potential for steep financial losses in the wake of a catastrophic event. There is a strange trend gaining momentum in the industry today, which is spurred by the severity of recent natural disasters. Insurance markets…

China to strengthen regulations for growing insurance industry

April 10, 2012April 10, 2012 Nordstrom

Major changes for China insurance industry. The insurance industry in China is growing at a rapid rate. The country recently opened up its borders to foreign insurers looking to expand into new markets and this initiative has been quite successful. As more insurance companies enter the Chinese market, however, regulators are growing concerned over their ability to comply with the country’s laws and expectations. These concerns have grown too large to ignore any longer and the China Regulatory Commission has announced that it will be strengthening the supervision of the…