Transatlantic insurance market gets shot in the arm from US, EU deal

european union EU american USA united states transatlantic insurance market

The United States and European Union have come to an agreement to boost this international marketplace. On Friday, the United States and European Union came to an agreement to shrink legal and capital hurdles to the transatlantic insurance market. The goal was to give a boost to both the insurance and reinsurance marketplaces. The transatlantic insurance and reinsurance markets are currently worth a combined $3 billion. This transatlantic insurance market accord is one that has been under negotiation for over a year. It is a follow-up to an agreement that…

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Insurance industry sees prices fall worldwide

global insurance industry

The global pricing dropped during the last quarter of 2013, says a recent news report. According to recent insurance industry news issued in the Global Insurance Market Quarterly Briefing from Marsh, the average pricing declines that were experienced around the world – aside from in the United States – sent the global rates downward during the last quarter of 2013. During that time, the company tracked the rates and found that the global index dropped in many areas. For instance, this insurance industry report showed that the risk management global…

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