National
Under writer
BUILDING A PROGRAM BUSINESS
In-Depth Guide To
Preparing A Submission,
Finding Prospective Partners
Page 14
TOP STORIES OF THE WEEK
U.S. P&C First-Half Net Income
Dives 67%
Catastrophes caused significant 2011 first-
half underwriting losses for U.S. P&C insur-
ers, driving the industry’s net income for
that time period to $6.9 billion—down 67
percent relative to the year before, accord-
ing to an A.M. Best special report. E Page 6
Nationwide To Acquire Harleysville
In Deal Valued Up To $800M
Nationwide Mutual Insurance Co. will
acquire Harleysville Mutual Insurance Co.
in a deal valued at around $800 million.
E Page 8
NFIP Extended To Nov. 18; Real
Work On Reforms Begins Now
The National Flood Insurance Program
will continue without a lapse, at least for
six weeks, as the House acted on a continuing resolution to keep the government
funded through Nov. 18. E Page 8
Public Cos. Increasing
Their D&O Limits
More publicly traded companies increased
their directors-and-officers liability-insur-
ance limits through the third quarter of
this year compared to the past four years,
a trend driven by the soft market and
increased regulatory scrutiny, according to
Marsh. E Page 10
New Options
Emerge On
Specialty
Distribution
Road
E-exchanges Pose The Potential For
Seismic Change; Are Wholesalers
Protected By Their Expertise?
See page 12
Illustration by Images.com/Corbis
PROGRAM PLAYER
PROFILES
From “Weather Promotions”
To Cyber Liability, MGAs Are
Exploring Creative Ways
To Deal With Downturn
Stories start on page 20
