National
Under writer
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TOP STORIES OF THE WEEK
Report Shows Continued Rate
Increases for Non-Public Insurers
A new report by SNL Financial says non-public P&C carriers are reporting continued rate increases, with direct-written
premiums increasing 3. 7 percent in 2011
compared to 0.3 percent in 2010—
indicating a turn in the pricing cycle. E Page 6
Reinsurance Sector
Weathers Catastrophes
Despite significant cat events, the global
reinsurance market ended 2011 with about
as much capital as it had at the start of the
year, says A.M. Best Co. E Page 7
W.R. Berkley: ‘Stupid’ Companies
May Not Be Able to Make Hard Turn
Declaring that a turn to a hard-market cycle
is more visible, W.R. Berkley Corp.’s CEO
says he’s willing to bet there are carriers
that are in for major trouble because they
are not raising rates fast enough. E Page 8
NIMA Clearinghouse Set
to Move Forward
The clearinghouse at the core of the Non-
admitted Insurance Multistate Agreement
tax-sharing compact is set to begin opera-
tion July 1. But one industry lawyer who
specializes in issues related to the Nonad-
mitted and Reinsurance Reform Act says
he’ll believe it when he sees it. E Page 10
DISCOVERING
NEW EXPOSURES
To Develop New Coverages, Like the Four We Feature Inside,
Specialty Players “See Around Corners and Imagine” See page 14
MARKET UPDATE:
INLAND MARINE
As Transportation & Construction
Rebound, Business Is Up in
Builder’s Risk, Motor Truck Cargo
Page 20
