Ryan's hope: change and more change
Article Abstract:
Aon Chmn and CEO Patrick G. Ryan, winner of the 1997 Insurance Leader of the Year award, anticipates consolidations to continue within the insurance brokerage sector. Although consolidation has been slow among the 10 largest insurance brokerages, Ryan forecasts mergers and acquisitions to continue among the top 25 brokers. For his leadership in the insurance brokerage community and his firm's position in the industry, New York-based College of Insurance has deemed Ryan more than qualified for the Insurance Leader of the Year award.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1998
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Taking stock: the feeling isn't very mutual as a flood of insurers switch or announce their intentions to join the stock world. Those converting face a host of pitfalls
Article Abstract:
Some insurance companies have transformed into stock ownership from their mutualized form in the search for more capital. This increased capital may be used to improve their operations or acquire other companies. However, a substantial number including the biggest companies have remained mutual because of certain disadvantages of being a stock-owned firm. These include the possible negative reaction from policyholders and the problems associated with being a publicly-owned company.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1997
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Feeding frenzy
Article Abstract:
The reinsurance industry has consolidated into a relatively small group of more powerful firms, but insurers have yet to complain. Reinsurers are meeting insurers' coverage needs, and insurers see reinsurers' stronger balance sheets as attractive. But some observers fear that, in the long run, the consolidation could result in higher prices and a less flexible market.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1997
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Comment about this article or add new information about this topic:
- Abstracts: Quest for quality: the payoff for a quality program can be significant for insurers with patience and the willingness to expend considerable effort
- Abstracts: Having it both ways: looking to broaden their financial options, mutual insurance companies are increasingly considering the mutual holding company option
- Abstracts: Mortal danger: between the burgeoning viatical settlements market and the tacit danger of beneficiaries tempted into harming insureds, insurers must find ways to safeguard the secondary markets for life insurance and annuities
- Abstracts: Playing for keeps: insurers are learning that luring seniors to their Medicare HMOs is only half the battle - holding on to them may be the hardest part
- Abstracts: Germany's market leaders surge ahead: German insurers have options, dominate the market or control a niche. Russians return to selling insurance; a long-running tax scam ended with a new law. A free for all looms