The wrath credit crisis and the ensuing Great Recession took its toll on securities litigation in 2008 and 2009. Securities class action suits (SCAS) remained strong during period, but it was regulator activities from many levels that erupted. The credit crisis and the colapse of Ponzi schemes, headlined by Madoff, also resulted in a rapid expansion of suits alleging breach of fiduciary duties.
Millions of people across the world now participate on social network websites such as Facebook, Linked in and Twitter. Businesses have discovered that social network sites offer new channels to reach customers and prospects, and can be sources of valuable information for evaluating job candidates.
Despite heavy man-made and natural catastrophe losses in 2010 - including Chile, European windstorm Xynthia and Deepwater Horizon - dynamics in the (re)insurance industry are bogged down in the soft market. Industry publication Inside FAC assembled a cast of industry leaders to canvass their views on what might turn the market, TRIA, the Gulf of Mexico energy sector and tensions between admitted and E&S players.
Click here to read what they said ...
Inside FAC is the sister title of The Insurance Insider, with a focus on the facultative (re)insurance market. Click here to find out more.
As discussed in previous editions, merger and acquisition transaction activity was down significantly in late 2008 and 2009. However, over the last several months we have seen buyer and seller activity increase dramatically. This increase in activity, forces dealmakers who had been sitting on the sidelines to confront and understand the new accounting rules regarding accounting for acquisitions and the costs associated with doing a deal.
June 2010
To develop a broader understanding within the re/insurance industry of the impact of climate change on catastrophic windstorm events in Europe, and to explore the applicability of certain aspects of the current state-of-the-art climate modeling to insurance-oriented loss simulations, EQECAT is collaborating with the Free University of Berlin (FUB) to investigate the behavior of the current and future activity of extra-tropical cyclones, as simulated by Atmosphere Ocean General Circulation Models (AOGCM). This white paper presents the results from the first phase of this study. MoreMay 2010
Driving organic growth is imperative for each agency given the sluggish economy and the soft rate environment. Despite the economic challenges, the top producers are not letting outside conditions like the soft market control their destiny.MoreMay 2010
In an attempt to close an estimated $345 billion1 "tax gap" between what it collects and what is owed, the IRS is pursuing a wide range of initiatives aimed at taxpayer noncompliance. Among these is the recent creation of a new enforcement unit, the Global High Wealth Industry Group.MoreApril 2010
In addition to our long-term model for estimiting risk for North Atlantic hurricane activity, EQECAT has developed a near-term model based on the affects of the Atlantic Mutli-decadal Oscillation (AMO). Advances in climatology have led to great insights into understanding hurricane activity.MoreApril 2010
The updated table below illustrates the average annual new business production by producer for 2009. While the statistics are taken from over 2,000 producers in various geographic markets selling various insurance products, the statistics are more heavily weighted on commercial and group sales. The chart is broken down into four categories of producer type based on book size and experience.MoreMarch 2010
The Insurance Insider's annual survey takes the temperature of a legacy sector that has not seen the bumper crop of new business it hoped the financial crisis would yield at a time when the run-off market faces Solvency II opportunities and challenges. For more information about The Insurance Insider click here.March 2010
The Insurance Insider's annual review focuses on a sector at the core of the modern productive economy, examining the key issues that affect dynamics for underwriters and insurance buyers across the upstream, midstream and downstream markets. For more information about The Insurance Insider click here.March 2010
For the average agency or brokerage, there exists a direct correlation between P&C Net Written Premium changes and agency value. Since the height of the hard market in 2002, average agency/brokerage value decreases mirror those of premium reductions.MoreFebruary 2010
For the twelve months ending 6/30/09, the average total return on prior year value of a bank-owned insurance agency was a negative 10.2%. While total revenue slipped only 4.3%, the value of the intangible assets ("book-of-business value") declined by 18.8% primarily due to a drop in earnings. While a decline in the average EBITDA multiples had an impact on value, the average EBITDA itself declined by a sizable 14.8%. A drop in value of 18.8% plus average earnings for the year as a percentage of last year's value of 8.6% provides a total estimated return of negative 10.2%. MoreJanuary 2010
The Insurance Insider's sister publication Trading Risk offers the definitive guide to the year that has just happened, and to what lies ahead, with exclusive analysis and commentary complemented by the insightful thoughts and profiles of leading companies and industry figures. For more information about Trading Risk click here.January 2010
The books-of-business built by the nation's leading agency and brokerage sales personnel look materially different than those of other sales people. Fundamentally, insurance sales personnel with the largest books maintain fewer, but much larger accounts than others. Individuals with the largest books historically sell the most new business commissions, drive organizational revenues and maximize personal W2 income. The graph below illustrates the correlation between book size, the number of accounts in the book and the average account size. MoreOctober 2009
A year on from Lehman, the near collapse of AIG, and the Aon Benfield merger, The Insurance Insider brought together a panel of industry leaders at Monte Carlo to discuss recovering (re)insurer balance sheets, the subscription market, broker choice and soft market fears. For more information about The Insurance Insider click here.To have your Whitepaper added to Advisen's Whitepaper Library please contact Joan Kelly at jkelly@advisen or (508) 758-311 or fill out the form below