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.

Officials and employees, Achievements and awards, Aon Corp., AOC, College of Insurance, Ryan, Patrick G.

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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.

Finance, Corporations, Corporate finance

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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.

Reinsurance, Reinsurance Carriers, Mergers, acquisitions and divestments, Cover Story, Statistics

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