National
Under writer
THE LEADER IN PROPERTY & CASUALTY NEWS
June 20, 2011
VOL. 115, nO. 22
$6.00
iNTeRNATiONAL updATe
Market Stays Buyer-Friendly
For Global programs
Page 19
TOP STORIES OF THE WEEK
Long Says Liberty Mutual Will
Grow; Kelly Reflects On Tenure
In two NU exclusive interviews, the departing CEO looks back on his career, while his
successor, calling M&A a “core competency,” pledges the company will expand
under his watch. E Page 6
Commercial Lines Soft,
But Flattening
Rating agencies recently affirmed their
negative outlook on commercial lines
due in part to soft-market pricing, but
a recent Towers Watson survey shows
that rates have been flattening for nine
months. E Page 7
Companies Report April/May Cat
Losses Of Between $75M And $1B
The Travelers Cos. says it expects after-tax
catastrophe losses of about $1 billion from
numerous weather events in April and
May, coming in with the largest of four
recent loss estimates for spring U.S. storms
that spawned numerous deadly tornadoes.
E Page 7
Quakes Again Hit Christchurch, NZ
More earthquakes have struck Christchurch, New Zealand, and catastrophe-risk
modeler EQECAT says the damage could
cause an additional $3 billion to $5 billion
in insured losses. E Page 7
A Special Report On M&A ctivity in The e&S Space LeT'S MAKe A deAL
Illustration by Kelly Farrar
In-Depth Coverage
Starts On Page 12.
RiSK
MANAGeMeNT
Taking eRM To The
Next Level For A Seat
At The C-Suite Table
Page 8
