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PartnerRe Ltd. said it expects insurance industry losses from the Chile earthquake could hit $10 billion and its own expected claims could exceed $300 million....

For the second straight year, captive owners said securing collateral from banks to satisfy their fronting companies is their top concern, a survey by the Captive Insurance Companies Association has revealed....

The head of America’s Health Insurance Plans said at a conference here that Congress and the Obama administration should stop excoriating carriers and focus on solving health care legislation problems....

Current Issue

More than $17 billion of capital washed up on the Bermuda shores in 2009, as underwriting profits and investment recoveries for a group of insurers and reinsurers erased a $10 billion capital drop for 2008.

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E&S/Specialty Lines Extra

Rules for disclosure of compensation arrangements involving surplus lines brokers are ill-defined, according to an industry trade group representative.

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Agent/Broker
Sponsored by:
Agencies Can Hold The Fort On Valuation Despite Recession
Despite a struggling economy and stubbornly soft commercial insurance market, limiting revenue growth and profitability, there are ways for independent agencies and brokerages to protect and even boost the valuation of their firms, say a pair of experts from Reagan Consulting Inc. in their latest “Agency Best Practices” report.
Risk Management
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U.S. Captive Domiciles Grow Despite Lingering Recession
With the dust starting to settle from the recession that hammered the economy and state budgets so hard in 2008, reverberating well into this year, alternative risk-transfer facility launches are getting back to normal, leading captive players contend.
E&S/Specialty Markets
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D&O Prices Inch Up, While Incumbents Keep Cost Attractive For Many Buyers
The gap between attractive prices being charged by incumbent directors and officers liability insurance carriers and higher premiums that have been charged by competitors in recent quarters has started to narrow.
Commercial Insurance/ Reinsurance
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Eye Of The Storm: U.S. Economic Woes Ripple Through Global Re Market
With the United States at the epicenter of a recession fueled by the mortgage and credit market crises, ripples are still being felt in the global reinsurance market. And while a stagnant economy may be keeping prices stable for many, the ever-present “elephant in the room”—the threat of another major hurricane—is forcing rate hikes for those exposed, industry players say.

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Calendar

March 23
The Fairmont Hamilton Princess
Hamilton, Bermuda,
March 24
Sawgrass Marriott
Ponte Vedra, FL
April 13
The Westin New York at Times Square http://www.westinny.com/
New York, NY
April 22
Pittsburgh Hilton
Pittsburgh, PA
April 25

Boston, MA
April 28
The Desmond Hotel and Conference Center
Malvern, PA
June 02
The Boca Raton Resort and Club
Boca Raton, FL

NU Exclusives

A trio of award-winning agencies show how an emphasis on client service and risk management can assure growth despite a bad economy and soft insurance market.
In addition to the near-bankruptcy of American International Group, 2008 will stand out as a year when turmoil in global financial markets cut the property and casualty insurance industry’s investment gains in half.
Do carriers care what producers think? What matters to agents and brokers in deciding which carriers to do business with? Check out the results of our survey with Deloitte and see.
For the third-consecutive year, NU spotlights three award-winning programs in keeping workers safe while getting those who are injured back on the job as quickly as possible. A trio of top-flight risk managers share the secrets of their success.
NU's award program invited risk managers to rank insurance providers on 14 lines of insurance. The survey was produced in partnership with Flaspöhler | Research Group and includes additional insight into what commercial insurers need to do to attract and hang on to their customers.

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