United States Insurance Industry - A US Market Report

  • ID: 604647
  • Report
  • Region: United States
  • 616 Pages
  • Global Industry Analysts, Inc
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The United States Insurance Industry Report provides insightful analysis, market overview, industry structure and outlook of life and non-life/ property & casualty insurance industries in the country. Richly laden with quantitative analysis, the report also provides the reader with an exhaustive statistical preface to the industry. A synopsized discussion offers preludes to reinsurance and other insurance markets within the non-life/ property & casualty insurance sector, such as automobile, homeowners, fire & allied, catastrophe, workers' compensation, medical malpractice, liability, aviation, travel, and marine insurance. In addition, also get a sneak peek at flood, mortgage, title, municipal bond, venture capital, environmental, credit, political risk, and pet insurance among others. Get to know about various types of life insurance products in the US market, backed by statistical inference of key players in these markets.

The closely summarized US market report is designed to offer a broad, macro level picture of the trends, challenges, market structure/basics, recent mergers & acquisitions, and strategic corporate developments witnessed by the industry. The discussion summarizes, in addition to other market variables, the distribution systems, bancassurance, marketing & distribution, and regulatory overview in the region. The report offers a recapitulation of recent launches of insurance products by major industry players in the country. Also provided is a compilation of recent past/ historical perspective of the country's insurance market and corporate developments within the industry.

The report examines the leading companies' footing in insurance markets at regional level, along with their annual written premiums and/ or market shares. Regional key and niche players briefly discussed and abstracted in the report include Aetna Inc., AFLAC, Allstate Financial Group, American International Group, Inc., AXA Equitable, Berkshire Hathaway, Chubb Corp., Cigna Corp., Crawford & Co., Fidelity National Financial, Liberty Mutual Group, Lincoln National Corp., MassMutual Financial Group, Metropolitan Life Insurance Co., Mortgage Guaranty Insurance Corp., New York Life Insurance Co., Pacific Life Insurance Co., Partner Reinsurance Company Ltd, Pets Best, Prudential Financial, State Farm Group, The PMI Group, Inc., United Guaranty, UnitedHealth Group Inc., Unum Group, and WellPoint Inc. among several others. In addition, leading insurance brokers like Aon Corp., Arthur J. Gallagher & Co., Brown & Brown Inc., Marsh & McLennan Cos. Inc., and Wells Fargo & Co. have also been discussed and summarized in the report.

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1. Industry Overview US-1
Current & Future Analysis US-1
Table 1: US Recent Past, Current & Future Analysis for
Insurance Industry by Segment - Life and Non-Life Markets
Independently Analyzed with Direct Premiums Written in US$
Billion for the Years 2006 through 2010 (includes
corresponding Graph/Chart) US-1

Table 2: US 5-Year Perspective for Insurance Industry by
Segment - Percentage Breakdown of Direct Premiums Written
for Life and Non-Life Markets for 2006, 2008, and 2010
(includes corresponding Graph/Chart) US-2
2006 & 2007: The Calm After the Storm US-2
Market Snippets US-2
Life Insurance - Good Going US-2
Homeowners Insurance Policies - Private Insurers Repulsing US-2
Title Insurance US-3
Reinsurance - Storms Settle Prices US-3
Marine Insurance - Buoyed by Growing International Trade US-3
Construction Insurance - Shrinking Coverage US-3
2007: Overview US-4
Table 3: US Property & Casualty Insurance Market (2006 &
2007): Percentage Breakdown of Direct Premiums Written by
Category for Private Passenger Auto, Homeowners Multiple
Peril, Workers Compensation, Commercial Multiple Peril,
Commercial Auto, Inland Marine, Medical Malpractice, Fire,
Accident & Health, Mortgage Guaranty, and Other Insurance
(includes corresponding Graph/Chart) US-4

Table 4: Leading Players in the US Property/Casualty
Insurance Market (2006): Revenues in US$ Billion by Company -
American International Group, Berkshire Hathaway, State Farm
Insurance Cos., Allstate and Hartford Financial Services
(includes corresponding Graph/Chart) US-4
Reforms on the Cards US-5
Prices to Stabilize in Near Future US-5
Fundamental Risks Loom Large US-5
Homeowners and Auto Insurance Markets to Quiver US-6
Buoyant Growth Foreseen in Pet Insurance Market US-6
2005: Going Gets Tough US-6
Property Insurance - Stunned by Storms US-7
Casualty Insurance - Renewals Slump US-7
Onshore Property Insurance Markets - The Worst Affected US-7
2004: A Review US-7
Table 5: US Property & Casualty Insurance Market (2004):
Percentage Breakdown of Net Premiums Written by Line -
Accident & Health, Commercial Lines, and Personal Lines
(includes corresponding Graph/Chart) US-8

Table 6: US Personal Lines Insurance Market (2004):
Percentage Breakdown of Net Premiums Written by Segment -
Private Passenger Auto Liability, Homeowners Multi Peril, and
Private Passenger Auto Physical Damage (includes
corresponding Graph/Chart) US-9
Growth Slows in the US US-9
Underwriting Performance US-9
Premiums and Pricing US-9
Investment Performance US-9
Combined Ratio and Source of Income US-10
Table 7: US Insurance Industry (2002-2004): Percentage of
Investments by Property/Casualty Insurers in Bonds, Stocks
(Preferred & Common), Mortgage Loans on Real Estate and
Others (includes corresponding Graph/Chart) US-10
Policyholder Surplus US-11
Expense Ratio US-11
Issue on Tort Costs US-11
Surging Losses from Asbestos and Environmental (A&E) Claims US-11
Liability Insurance - A Major Concern US-12

2. Market Review US-14
Table 8: The US Insurance Industry (2006): Per Capita Premium
in US$, and Penetration of Insurance by Category - Life and
Non-Life US-14
Key Trends and Issues US-14
Regional Insurers Gain Ground US-14
‘Risk' is the Bait for Business US-14
Small Insurers Keep Afloat US-15
Wave of Demutualization Activity Marks US Insurance Industry US-15
US Government Opposes Terrorism Insurance US-15
Amendment to Terrorism Risk Insurance Act US-16
Insurance Frauds - A Major Challenge to Industry US-16
Table 9: US' Insurance Fraud Costs (In US$ Billion) by
Sector (2000) (includes corresponding Graph/Chart) US-16
Regulatory Setup to Handle Insurance Frauds US-16
Insolvencies US-17
Managing Solvencies/Insolvencies US-18
Guaranty Funds US-19
Mails Play a Vital Role in the US Insurance Industry US-19
Trends Prevailing in the Industry US-19
Electronic Invasion US-20
Factors Driving the Industry US-20

3. September 11: The Aftershocks US-21
9/11 - The Costliest Insured Disaster US-22
Estimated Insurance Payments Related to Sept. 11 2001, by
Sector (In US$) US-22
Table 10: September 11: Estimates of Losses for US Insurance
Industry (In US$ Billion) (includes corresponding
Graph/Chart) US-22
The Ripples from WTC Disaster US-23
Skyrocketing Insurance Rates US-23
The Other Cause US-23
Corporate America Shuns Traditional Insurance US-23
All Eyes Turn Towards Catastrophe Modeling US-24
The Recessionary Climate US-24
Sustained Underpricing US-25
Medical Inflation US-25
Corporate Failures US-25
Abuse of the Legal System US-26

4. Competitive Landscape US-27
Functioning of Insurance Companies US-27
Comparative Study of the US vis-à-vis Europe US-27
Table 11: Leading Insurance Groups in the US (2005): Net
Written Premiums in US$ Billion for Allstate, American
International Group, Berkshire-Hathaway, Hartford, Liberty
Mutual, Nationwide, Progressive, St. Paul Travelers, State
Farm, and Zurich (includes corresponding Graph/Chart) US-28

Table 12: Leading Commercial Insurance Groups in the US
(2005): Percentage Breakdown of Net Written Premiums for
American International Group, Ace Ltd, Chubb & Son Inc, CNA
Insurance Group, St Paul Travelers Group, Hartford Fire &
Casualty, Liberty Mutual Insurance Group, Nationwide Corp,
State Farm Group, Zurich, and Others (includes corresponding
Graph/Chart) US-28

Table 13: Leading Personal Insurance Groups in the US (2005):
Percentage Breakdown of Net Written Premiums for American
International Group, Allstate Insurance Group, Berkshire
Hathaway, Liberty Mutual, Nationwide Corp, Progressive Group,
State FarmGroup, St Paul Travelers Group, United Services
Automobile Asn Group, Zurich, and Others (includes
corresponding Graph/Chart) US-29

Table 14: No. of Insurance Companies in the US by State and
Category: 2002-2003 US-30
Need to Overcome the Hurdles US-31
Life Insurance US-31
Table 15: US Life Insurance Industry (2003): Gross Written
Premium in US$ Billion by Leading Companies for Metropolitan
Life & Affiliated, AIG, Hartford Life, ING, Prudential of
America, AEGON, Equitable, New York Life, MassMutual
Financial, and Manulife Financial (includes corresponding
Graph/Chart) US-31
Non-Life Insurance US-32
Table 16: US Non-life Insurance Industry (2003): Gross
Written Premium in US$ Billion by Leading Companies for State
Farm Mutual Group, American International Group, Allstate
Insurance Co. Group, Liberty Mutual Group, Travelers Property
Casualty Corp. & Affiliates, Farmers Insurance Group,
Nationwide Group, Zurich Insurance Co. Group, Progressive
Casualty Group, and Continental Casualty Group (CNA)
(includes corresponding Graph/Chart) US-32

5. Review of Major Non-Life Insurance Segments US-33

5a. Property/Casualty Insurance US-33
Outlook for Property/Casualty Insurance Industry US-33
Katrina Spells Doom for the Sector US-33
Table 17: US Property & Casualty Insurance Industry (2005):
Percentage Breakdown of Direct Premiums Written by Category
  • Commercial Auto Liability, Commercial Auto Physical Damage,
Commercial Multiple Peril, Homeowners Multiple Peril, Private
Passenger Auto Liability, Private Passenger Auto Physical
Damage, Fire, Inland Marine, Workers Compensation, Medical
Malpractice, and Others (includes corresponding Graph/Chart) US-34

Table 18: Leading Players in US Property & Casualty Insurance
Industry (2005): Net Written Premiums in US$ Million for Amer
Intl Group, Allstate Ins Group, Berkshire Hathaway, Farmers
Ins Group, Hartford Ins Group, Liberty Mutual, Nationwide
Group, Progressive Ins Group, State Farm Group, and St. Paul
Travelers Group (includes corresponding Graph/Chart) US-35
P&C Industry Posts Profits - A Year 2005 Perspective US-35
P&C Sector Concentrates on Diversified Sales channels US-35
Property and Casualty Premium Rates at Crossroads US-35
Table 19: US Property Insurance Market: Leading Disasters By
Industry Losses in US$ Billion (includes corresponding
Graph/Chart) US-36
Market Heads Towards Recovery US-36
Pricing US-37
Deductibles US-37
Terrorism US-37
Insurers Increasingly Rely on Segmentation to Cut Pricing Risks US-37
Industry Hit Hard by Global Climatic Changes US-37
Table 20: Natural Catastrophes in the US (2005): Actual Loss
in US$ Billion for Hurricane Dennis, Hurricane Rita,
Hurricane Wilma, and Hurricane Katrina US-38

Table 21: Top Natural Catastrophes in the US - 2003 & 2004 US-38
A Perspective of P&C Losses US-39
Table 22: US Property-Casualty Insurance Losses from
Catastrophic Events for 1991 to 2004 (Losses in US$ billion)
(includes corresponding Graph/Chart) US-39
Casualty Insurance US-39
Table 23: Leading Players in the US Group Casualty Market:
2003(includes corresponding Graph/Chart) US-40

Table 24: US Other Accident & Health Casualty Insurance
Market (2003): Percentage Market Share of Leading Companies
(includes corresponding Graph/Chart) US-41

Table 25: US Private Passenger Casualty Insurance Market
(2003): Percentage Market Share of Leading Companies
(includes corresponding Graph/Chart) US-41

Table 26: US Commercial Casualty Insurance Market (2003):
Percentage Market Share of Leading Companies (includes
corresponding Graph/Chart) US-42

Table 27: US Other Liability/Casualty Insurance Market
(2003): Percentage Market Share of Leading Companies
(includes corresponding Graph/Chart) US-42
General Liability Cover - A Must Have for Businesses US-42
Workers' Compensation US-43
Umbrella and Excess Liability US-43
Coverage and Restrictions US-43
Casualty Alternative Risk Transfer & Integrated Risk US-43
Blended and Finite Risk US-43
Swing Plans & Captives US-44
Key Statistics US-44
Table 28: US Property/Casualty Insurance Market: Percentage
Share Breakdown by Dollars of Direct Premiums Written by
Segment for 2003 (includes corresponding Graph/Chart) US-44

Table 29: US Inland Casualty Insurance Market (2004 & 2005):
Percentage Market Share of Leading Companies (includes
corresponding Graph/Chart) US-45

Table 30: Leading Players in the US Inland Casualty Market:
2003 (includes corresponding Graph/Chart) US-45
Insolvency Rates of US P/C Companies On Rise US-46
Table 31: Principal Factors Causing Insolvency in the US
Property/Casualty Insurance Market (2002) (includes
corresponding Graph/Chart) US-46

Table 32: Insolvency Rates for US P/C Companies by Year
(1993-2002) (includes corresponding Graph/Chart) US-46
Competitive Landscape US-47
A Fragmented Industry US-47
Table 33: Leading Players in US Property & Casualty Market
(2003): Percentage Share Breakdown by Net Written Premium
for State Farm Group, American International Group I,
Allstate Insurance Group, Zurich/Farmers Group, Berkshire
Hathaway Ins. Group, Nationwide Group, St. Paul Travelers
Cos, Liberty Mutual Insurance Cos, Progressive Insurance
Group, Chubb Group of Insurance Cos. and Other (includes
corresponding Graph/Chart) US-47

Table 34: Leading Property/casualty (P/C) insurance Players
By Revenues: 2003 (includes corresponding Graph/Chart) US-48

Table 35: Leading Property/Casualty Reinsurers by Net
Premiums Written in the US: 2003 (In US$ billion) (includes
corresponding Graph/Chart) US-49
P/C - Before and After 9/11 US-49
P/C Before 9/11 US-49
Property/Casualty Industry - After September 11 US-50
Toughening Trends US-50
Bleak Picture - Better Prospects US-50
Recovery Springs from Within US-50
Effective Capital Deployment and Customer Confidence - Key
to Recovery US-51

5b. Automobile Insurance US-52
Market Overview US-52
Auto Insurance Premium Slated to Decline US-52
Table 36: US Auto Insurance Average Expenditure (2000-2004)
(In US$ million) (includes corresponding Graph/Chart) US-52

Table 37: US Insurance Industry (2000-2004): Consumer Price
Index for Auto Insurance (includes corresponding
Graph/Chart) US-52

Table 38: Passenger Vehicle Accident Insurance Claims Paid
in 2004 US-53
Auto Insurance Prices in Reverse Gear US-53
Factors Affecting Rates of Auto Insurance US-53
Table 39: US Insurance Industry (2005): Average Spending on
Auto Insurance (2001-2005) (In US $) (includes corresponding
Graph/Chart) US-54

Table 40: Average Spending on Auto Insurance (1996-2000)
(includes corresponding Graph/Chart) US-54
Liability Insurance Leads to Rise in Motor Insurance Premiums
in Mississippi US-54
Factors Affecting Insurance Premium US-55
Compulsory Auto Insurance US-55
No-Fault Auto Insurance US-55
Developments US-56
No-Fault Auto Insurance Proven Ineffective US-56
New York's No-Fault Auto Insurance Fraud Increasing Considerably US-57
Low Priced Premiums Introduced US-58
New York Passes New Law to Reduce Fraud US-58
New Bill Introduced by the US Government US-58
Governments Restrict Claims for Uninsured Drivers US-59
Key Trends and Issues US-59
US Auto Insurers Gear Up to Tap Generation Y Market US-59
Competition Heats Up in US Private-Passenger Auto Market US-59
US Insurance Industry Announces Top 10 Safe Passenger Cars US-59
Older Drivers More Prone to Accidents US-60
Medicines Cause for Risk US-60
Steps Taken for Reducing Fatal Accidents US-60
Licensing Standards for the Old US-61
Tire Insurance Market on the Surge US-61
Auto Crash - A Growing Concern US-61
Table 41: US Insurance Industry: Traffic Fatalities
(2000-2003) (In ‘000) (includes corresponding Graph/Chart) US-62

Table 42: US Insurance Industry (2003): Percentage Breakdown
of Motor Vehicle Deaths by Activity of Drivers, Passengers,
Pedestrians, Motorcycle Riders, Pedal Cyclists and Others
(includes corresponding Graph/Chart) US-62

Table 43: US Insurance Industry (2000-2003): Percentage
Share of Alcohol Related Deaths in the US (includes
corresponding Graph/Chart) US-62
Insurance Companies Encourage Safe Driving toCustomers US-62
Table 44: US Insurance Industry (2004): Seat Belt Laws for
Top Twenty States US-63
Table 45: US Insurance Industry (2000-2004): Traffic Deaths
(includes corresponding Graph/Chart) US-64
Table 46: US Insurance Industry: Accidents by Drivers' Age
(2003) (includes corresponding Graph/Chart) US-64
Measures Taken to Reduce Drunk Driving US-65
Laws for Repeat Offenders US-65
Laws on Liability Issues US-65
New Regulations US-65
Generic Auto Crash Parts US-65
Background US-65
Key Players US-66
Table 47: Leading Players in the US Private Passenger Auto
Insurance Market (2006): Direct Premiums Written in US$
Billion by Company -State Farm Mutual Group, Allstate
Insurance Co. Group, Progressive Casualty Group, National
Indemnity Co. Group (Berkshire Hathaway), Farmers Insurance
Group, Nationwide Group, United Services Automobile
Association Group, American International Group, Liberty
Mutual Group and American Family Insurance Group (includes
corresponding Graph/Chart) US-66

Table 48: US Passenger Auto Insurance Industry (2006):
Percentage Breakdown of Expenses and Claims in Relation to
Premiums (includes corresponding Graph/Chart) US-67

Table 49: US Auto Insurance Market (2005 & 2006): Percentage
Breakdown of Losses by Category for Private Passenger
Liability, Private Passenger Physical Damage, Commercial
Auto Liability, and Commercial Auto Physical Damage
(includes corresponding Graph/Chart) US-67

Table 50: US Automobile Insurance Market (2005): Direct
Premiums Written in US$ Million for Allstate, Berkshire
Hathaway, Nationwide, Progressive, and State Farm (includes
corresponding Graph/Chart) US-67

Table 51: Leading Players in the US Personal Auto Insurance
Market (2005): Percentage Share of Net Written Premiums by
Company - Allstate Insurance Group, American Family
Insurance, American International Group, Berkshire Hathaway,
Farmers Insurance Group, Liberty Mutual, Nationwide Group,
Progressive Insurance, State Farm Group, USAA Group, and
Others (includes corresponding Graph/Chart) US-68

Table 52: Leading Players in the US All-Private Passenger
Auto Insurance Industry (2005): Percentage Market Share of
Direct Written Premiums by Company - Allstate Insurance
Group, American Family Insurance, American Intl Group,
Berkshire Hathaway, Farmers Insurance Group, Liberty
Mutual, Nationwide Group, Progressive Insurance Group, USAA
Group, and Others (includes corresponding Graph/Chart) US-68

Table 53: Leading Players in US Private Passenger Auto
Insurance Industry (2004): Percentage Market Share of Net
Written Premiums by Company - Allstate Insurance Group,
American Family Insurance, Berkshire Hathaway, Farmers
Insurance Group, Liberty Mutual, Nationwide Group,
Progressive Insurance Group, State Farm Group, St. Paul
Travelers, USAA Group, and Others (includes corresponding
Graph/Chart) US-69

Table 54: US Auto Physical Damage Insurance Market (2005):
Percentage Breakdown of Direct Written Premiums by Province
  • California, Florida, Texas, New York, Michigan,
Pennsylvania, Illinois, Georgia, Ohio, New Jersey, and Other
States (includes corresponding Graph/Chart) US-69

Table 55: Leading Players in US Auto Insurance Market
(2003): Percentage Share Breakdown by Net Written Premium
for State Farm Group, Allstate Insurance Group, Progressive
Insurance Group, Zurich/Farmers Group, Berkshire Hathaway
Ins Group, Nationwide Group, Liberty Mutual Ins Cos, USAA
Group, American International Group, Travelers P&C Group
and Other (includes corresponding Graph/Chart) US-70

Table 56: US Private Passenger Auto Insurance Industry for
2003: Leading Players Ranked by Direct Premium Written (in
US$ Billion) for State Farm Mutual Group, Allstate Insurance
Co. Group, Progressive Casualty Group, Farmers Insurance
Group, National Indemnity Co. Group Berkshire Hathaway),
Nationwide Group, United Services Automobile Association
Group, Liberty Mutual Group, American International Group,
American Family Insurance Group, and Others (includes
corresponding Graph/Chart) US-71
Nonstandard Automobile Market Recovers and Faces Stiff
Competition US-71
Rates on the Uptrend for Auto Insurance US-71
Key Factors Driving Auto Premium Hikes US-72
Rising Auto Insurance Premiums in New York State US-72
Table 57: Leading States for US Auto Insurance: 2003 (In US$
billion) (includes corresponding Graph/Chart) US-73
South Carolina Ranks High in Number of Uninsured Drivers US-73
Trucking Industry Doused Under High Premiums US-73
Auto Insurance - Diminished Value Concept US-73
Georgia Opens Pandora's box US-74
A Solution in Sight US-74
Auto Theft US-75
Motor Vehicle Theft Statistics US-75
Table 58: Motor Vehicle Thefts in the US for 1991-2003 (In
Millions) (includes corresponding Graph/Chart) US-75

Table 59: Motor Vehicle Theft in the US (2003): Leading
Metropolitan Areas by Stolen Vehicles (In ‘000) (includes
corresponding Graph/Chart) US-76
Components - Targeted for Theft Too US-76
Factors Contributing for Decline in Motor Vehicle Thefts US-77
Combating the Problem US-77
Providing Discounts US-77
Car Theft Regulations US-77
Commercial Auto Insurance in the US: Key Statistics US-78
Table 60: Leading Players in the US All-Commercial Auto
Insurance Industry (2005): Percentage Market Share of Direct
Written Premiums by Company - American Intl Group, CNA Ins
Co, Hartford Ins Group, Liberty Mutual, Nationwide Group, Old
Republic Gen Group, Progressive Ins Group State Farm Group,
St. Paul Travelers Group, Zurich, and Others (includes
corresponding Graph/Chart) US-78

Table 61: Leading Players in US Commercial Auto Insurance
Market (2002): Dollars of Direct Premiums Written for
Zurich/Farmers Group, Travelers P C Group, Progressive Group,
St Paul Cos, CNA Ins Cos, Amer Intl Group Inc, Liberty Mutual
Ins Cos, State Farm Group, Nationwide Group, and Auto-Owners
Ins Group (includes corresponding Graph/Chart) US-79
Auto Liability Insurance in the US - Key Statistics US-80
Table 62: Leading Players in the US Auto Liability Insurance
Market (2005): Direct Written Premiums in US$ Billion for
Allstate Ins Group, Amer Intl Group, Berkshire Hathaway,
Farmers Ins Group, Liberty Mutual, Nationwide Group,
Progressive, State Farm Group, St. Paul Travelers Group, and
USAA Group (includes corresponding Graph/Chart) US-80

Table 63: US Auto Liability Insurance Market (2005):
Percentage Breakdown of Premiums by Province -California,
Florida, New York, Texas, New Jersey, Pennsylvania, Illinois,
Michigan, Ohio, Massachusetts, Georgia, North Carolina,
Virginia, Maryland, Washington, and Other States (includes
corresponding Graph/Chart) US-80

Table 64: Leading Players in US Auto Liability Insurance
Market (2002): Dollars of Direct Premiums Written for State
Farm Group, Allstate Ins Group, Progressive Group,
Zurich/Farmers Group, Nationwide Group, Berkshire Hathaway,
Travelers P C Group, Amer Intl Group, USAA Group, and Liberty
Mutual Ins Cos (includes corresponding Graph/Chart) US-81

Table 65: Leading Players in US Auto Liability Insurance
Market (2000-2002): Percentage Share Breakdown by Dollars of
Direct Premiums Written for State Farm Group, Allstate Ins
Group, Progressive Group, Zurich/Farmers Group, Nationwide
Group, Berkshire Hathaway, Travelers P C Group, Amer Intl
Group, USAA Group, Liberty Mutual Ins Cos, and Others
(includes corresponding Graph/Chart) US-82

Table 66: Leading Players in the US Private Passenger
Casualty Market by Net Premium Written: 2003 (includes
corresponding Graph/Chart) US-83

5c. Homeowners Insurance US-84
Home Insurance Coverage US-84
Seven Basic Kinds of Home Insurance Policies US-84
Covered and Not Covered Events of Casualty/ Damage in Home
Insurance US-85
Disaster Prone Areas Face Lesser Insurance Coverage US-86
Huge Losses Deter Insurers from Offering Rich Earthquake Policies US-86
Homeowner's Earthquake Policies on Decline as Insurers Reduce
Benefits US-86
Market Overview and Key Statistics US-87
Table 67: Leading Players in the US Homeowners Insurance
Market (2006): Direct Premiums Written in US$ Billion by
Company - State Farm Mutual Group, Allstate Insurance Group,
Zurich Insurance Group, Nationwide Group, Travelers Group,
USAA Group, Liberty Mutual Insurance Group, Chubb & Son
Group, American Family Insurance Group and Hartford Fire &
Casualty Group (includes corresponding Graph/Chart) US-87

Table 68: US Homeowners Insurance Market (2005 & 2006):
Percentage Breakdown of Losses by Claim Category for Property
Damage (Fire, Lightning and Debris Removal, Wind and Hail,
Water and Freezing, Theft, and Other Property Damage) and
Liability (includes corresponding Graph/Chart) US-87

Table 69: US Homeowners Insurance Market (2006): Leading
States in the US by Direct Premiums in US$ Million (includes
corresponding Graph/Chart) US-88

Table 70: Leading Players in US Homeowners Insurance Industry
(2005): Percentage Breakdown of Direct Premiums Written by
Company - Allstate Indemnity, Allstate Insurance, American
Family Mutual, Fire Insurance Exchange Liberty Mutual,
Nationwide Mutual, State Farm Fire & Casualty, State Farm
Lloyds, State Farm General Insurance, United Services, and
Others (includes corresponding Graph/Chart) US-88

Table 71: Leading Players in US Homeowners Multiple Peril
Insurance Industry (2005): Percentage Breakdown of Direct
Premiums Written by Company - Allstate Insurance, Amer Family
Insurance, Chubb Group, Farmers Ins. Group, Hartford
Insurance, Liberty Mutual, Nationwide Group, State Farm
Group, St. Paul Travelers Group, USAA Group, and Others
(includes corresponding Graph/Chart) US-89

Table 72: US Expenditure on Homeowners' Insurance: 2000-2002
(In US$ Million) (includes corresponding Graph/Chart) US-89

Table 73: US Homeowner/Renter Insurance Market (2000-2002):
Average Premiums Written (in US$) for Homeowners, and Renters
(includes corresponding Graph/Chart) US-89

Table 74: Homeowners Losses 2000 through 2004 (includes
corresponding Graph/Chart) US-90

Table 75: Leading Players in US Homeowners Insurance Market
(2003): Percentage Share Breakdown by Direct Premiums Written
(In US$ Billion) for State Farm Group, Allstate Ins Group,
Zurich/Farmers Group, Nationwide Group, USAA Group, Travelers
P C Group, Liberty Mutual Ins Cos, G of Ins Cos, Amer Family
Ins Group Safeco Ins Cos and Others (includes corresponding
Graph/Chart) US-90

Table 76: Leading Players in the US Homeowners Multiple Peril
Insurance Market (2000-2002): Percentage Share Breakdown by
Direct Premiums Written (In US$ million) for State Farm
Group, Allstate Ins Group, Zurich/Farmers Group, Nationwide
Group, USAA Group, Travelers P C Group, Chubb Group of Ins
Cos, Amer Family Ins Group, Liberty Mutual Ins Cos, Safeco
Ins Cos and Others (includes corresponding Graph/Chart) US-91

Table 77: US Homeowners Multiple Peril Insurance Market:
Number of Companies Writing Policies by Each State
Direct
Premiums Written in Dollars by Each State
and Percentage
Share of Each State in the Total Direct Premiums Written for
2001 and 2002 US-92
Deductibles in Homeowners Insurance US-93
Renters Insurance in Brief US-94
Coverage Types US-95
Actual Cash Value US-95
Replacement Cost US-95
Liability Coverage US-95
Additional Living Expenses US-95
Costs US-95
Other Home Insurance Coverages US-95
Guaranteed Replacement Cost Coverage US-95
Inflation Guard Endorsement US-96
Scheduled Personal Property Endorsement US-96
Increased Limits on Money and Securities US-96
Secondary Residence Premises Endorsement US-96
Watercraft Endorsement US-96
Theft Coverage Protection Endorsement US-96
Credit Card Forgery and Depositors Forgery Coverage Endorsement US-96
Earthquake Insurance US-97
California - The Most Active Seismic Zone US-97
Table 78: Top Ten Earthquakes in the US: Ranked by Property
Damage in US$ Million US-98
Table 79: Market Shares of Leading Earthquake Writers in US
for 2000 (In %) (includes corresponding Graph/Chart) US-98
Windstorm Coverage US-98
Homeowners Insurance Market in Hawaii US-98
Table 80: Leading Players in Fire and Homeowners Multiple
Peril Insurance Market in Hawaii: 2000 (In US$ million)
(includes corresponding Graph/Chart) US-99
Key Trends and Issues in Homeowners' Insurance Sector US-99
Underinsured Homeowners US-99
Marital Status - An Issue US-100
Challenges Facing Homeowners Insurers US-100
Toxic Mold Damage Claims US-100
Law Practitioners Cash in on Mold Claims US-101
Lapses Lead to Losses US-101
Crisis Creates Claim-Premium Imbalance US-101
Insurers Taking No Chances US-101
Rates on the Uptrend for Homeowners Insurance US-102
Factors Contributing to Increased Rates for Homeowners' Plans US-102

5d. Flood Insurance US-103
Risks in Coastal Insurance Markets US-103
Table 81: US Insurance Industry (2006 H1): Insured Coastal
Property Values in US$ Billion for Select States
  • Connecticut, Florida, Louisiana, Maine, Massachusetts, New
Jersey, New York, South Carolina, Virginia, and Texas
(includes corresponding Graph/Chart) US-104
National Flood Insurance Program US-104
NFIP in the Turmoil US-104
Write-Your-Own Program US-105
Allison Does the Turnaround US-105
Reinsurers Bear the Brunt US-105
Increased Flood Threat Props Up Demand for Insurance US-105

5e. Fire & Allied Insurance US-106
Table 82: US Fire & Allied Insurance Market: Insured Losses
due to Catastrophic Wildland Fires, 1990-2003 US-106
Table 83: US Fire/Casualty Insurance Market (2004 & 2005):
Percentage Market Share of Leading Companies (includes
corresponding Graph/Chart) US-106

Table 84: Leading Players in the US Fire& Casualty Market by
Net Premiums Written: 2003 (includes corresponding
Graph/Chart) US-107

Table 85: US Fire & Allied Insurance Market: Total Number of
Companies Writing Policies by Each State, Total Direct
Premiums in Dollars, and Percentage Share of Each State in
the Total Direct Premiums Written for 2001 and 2002 US-108

Table 86: Leading Players in US Fire and Allied Insurance
Market (2002): Direct Premiums Written in Dollars for
Zurich/Farmers Group, FM Global Group, Amer Intl Group,
Allianz of America, Ace INA Group, Travelers PC Group, Royal
& SunAlliance, Acceptance Ins Cos, St Paul Cos, and Hartford
Ins Group (includes corresponding Graph/Chart) US-110

Table 87: Leading Players in US Fire and Allied Insurance
Market (2000-2002): Percentage Share Breakdown by Value of
Direct Premiums Written for Zurich/Farmers Group, FM Global
Group, Amer Intl Group, Allianz of America, Ace INA Group,
Travelers PC Group, Royal & SunAlliance, Acceptance Ins Cos,
St Paul Cos, Hartford Ins Group, and Others (includes
corresponding Graph/Chart) US-111
An Overview of Arson US-111
Major Causes for Arson US-112
Table 88: Intentionally Set Fires (2000-2003): Number of
Fires and Property Loss (In $ million) for Structures and
Vehicles US-112
Insurance Industry Fights Fire with Fire US-113

5f. Catastrophe Insurance US-114
Hurricanes in 2007 to Influence Insurance Market in 2008 US-114
Table 89: US P&C Insurance Market (2005 & 2006): Insured
Catastrophe Losses in US$ Billion US-114
The US Insurance Industry Achieves Best Underwriting
Performance in 2006 US-115
Florida Reforms Hurricane Catastrophe Fund Norms US-115
Hurricane Havoc US-115
After the Storm US-116
Hurricane Losses Expand Coverage for Homeowners Insurance US-116
A ‘Figurative' Note on Catastrophic Losses US-116
Comparison of Hurricane Katrina & Hurricane Andrew US-116
Catastrophe Reinsurance in 2004 US-117
Table 90: US Catastrophe Reinsurance Market (2004): Total
Losses from Hurricanes in US$ Million for Charley, Ivan,
Frances, and Jeanne (includes corresponding Graph/Chart) US-117

Table 91: Catastrophes in the US (1995-2004): Number of
Disasters, Claims and Insured Loss US-117

Table 92: U.S. Catastrophe Losses During 1985-2004:
Breakdown for Causes of Loss (includes corresponding
Graph/Chart) US-118

Table 93: Major Hurricanes in the US during 1989-2004 US-118

Table 94: US Hurricanes and Associated Deaths During 1989 -
2004 US-119
Earthquake Insurance US-119
Flood Insurance US-119
US Commercial Multi-Peril Insurance US-120
Market Overview and Key Statistics US-120
Market Scenario - Commercial Insurance US-120
Table 95: US Commercial Lines Insurance Market (2006):
Direct Premiums Written by Leading Companies in US$ Billion
(includes corresponding Graph/Chart) US-120

Table 96: Leading Players in the US Commercial Lines
Insurance Brokerage Market (2006): Brokerage Revenues by
Company - Marsh & McLennan Cos. Inc., Aon Corp., Arthur J.
Gallagher & Co., Willis Group Holdings Ltd., and Wells Fargo
Insurance Services Inc. in US$ Billion (includes
corresponding Graph/Chart) US-121

Table 97: Leading Players in the US Commercial Multiple
Peril Insurance Industry (2004 & 2005): Percentage Market
Share of Direct Premiums Written for Allianz of America,
Chubb Group, CNA Insurance, Farmers Insurance Group, Liberty
Mutual, Hartford Insurance, Nationwide Group, State Farm
Group, St. Paul Travelers Group, Zurich, and Others
(includes corresponding Graph/Chart) US-121

Table 98: Leading Commercial Multiple Peril Companies by
Direct Premiums Written: 2001 (In US$ Billion) (includes
corresponding Graph/Chart) US-122

Table 99: Leading Players in the US Commercial Multiperil
Insurance Market (In US$ Million): Ranked by Direct Premiums
Written (includes corresponding Graph/Chart) US-122

5g. Workers Compensation US-123
Soaring Health Care Costs Prop Rate Changes in WC Insurance
Levels US-123
Market Overview and Key Statistics US-123
Table 100: US Recent Past, Current & Future Analysis for
Workers Compensation Insurance Market with Premiums in US$
Billion for the Years 2006 through 2010 (includes
corresponding Graph/Chart) US-123

Table 101: Workers' Compensation Insurance Trends in the US:
1998-2003 (includes corresponding Graph/Chart) US-124
Market Under Consolidation US-124
Table 102: Leading Players in the US Workers' Compensation
Market (2004 & 2005): Percentage Share of Direct Premiums
Written for American Intl Group, Ace INA Group, CNA
Insurance, Hartford Insurance, Liberty Mutual, State Comp
Ins Fund, State Ins Fund of NY, St. Paul Travelers Group,
Zenith Natl Ins Group, Zurich, and Others (includes
corresponding Graph/Chart) US-125

Table 103: Leading Players in the US Workers Compensation
Casualty Market by Net Premiums written: 2003 (includes
corresponding Graph/Chart) US-126

Table 104: Leading Workers' Compensation Players in the US
by Direct Premiums Written: 2001 (In US$ Billion) (includes
corresponding Graph/Chart) US-126
Voluntary Benefits Market US-127
The Social Contract Relates to Workers Compensation US-127
Costs to Employers US-128
Claim Costs US-128
Reducing Costs US-128
Residual Markets US-129
Terrorism Coverage US-129
Terrorism Insurance Market US-129
Reforms US-130
Characteristics of the US Workers' Compensation Market US-130
Basic Facts about Workers' Compensation US-131
Factors Determining Premium Growth in Workers' Compensation: US-132
Pricing Mechanism Followed in Various States US-132
SeaBright Insurance Holdings Joins NASDAQ's Global Select Market US-133
Workers Compensation Fraud US-133
Californian Market for Workers' Compensation Insurance US-133
A Problem-Ridden Market US-133
Local Companies Fare Poorly US-133
The Search is on for Solution US-134
A Year of Debacle US-134
Decline in Workplace Deaths and Injuries US-134
Table 105: Number and Causes for Workplace Casualties in the
US: 2002 & 2003 (includes corresponding Graph/Chart) US-135
Alternative Risk Markets in Workers' Compensation US-135
Group Self-Insurance US-135
Individual Self-Insurance US-135
Large Deductible Programs US-136
Retrospectively Rated Policies US-136
24-Hour Coverage Under Workers' Compensation US-136
Legal Barriers to 24-hour Coverage US-137
Institutional Barriers to 24-Hour Coverage US-137
Regulatory Barriers to 24-Hour Coverage US-138
Worker's Compensation After September 11 US-138
Outlook US-139

5h. Medical Malpractice US-140
Market Overview and Key Statistics US-140
MMI Premiums to Achieve Significant Growth US-140
Cost of Claims on MMI to Increase US-140
Emergence of Positive Insurers' Scenario US-141
The Rise of Risk Retention Groups (RRGs) US-141
Importance of Safest Hospital Alliance Initiative US-141
Government Legislation US-141
Table 106: US Medical Malpractice Insurance Market (2005):
Percentage Market Share of Direct Premiums Written for
Leading Companies - American Intl Group, Inc, Berkshire
Hathaway, CNA Insurance Co, Doctors Co Ins Group, Health
Care Indemnity Inc, ISMIE Mutual, ProAssurance, Mag Mutual,
ProMutual, MLMIC Group and Others (includes corresponding
Graph/Chart) US-142

Table 107: US Medical Malpractice Insurance Market (2004):
Percentage Market Share of Leading Companies (includes
corresponding Graph/Chart) US-142

Table 108: Leading Players in the US Medical Malpractice
Market by Net written Premiums: 2003 (includes corresponding
Graph/Chart) US-143
Malpractice Claims Growing Considerably US-143
Initiatives Taken by Medical Board for Reduction in Medical
Malpractice Situation US-144
Tort Reforms US-144
Healthcare Professional Liability Insurance US-145
Challenges Faced US-145
Increase in Malpractice Claims in the US - Historic Review US-146
Turbulence Continues - Key Trends in the Sector US-146
Changing Customer Markets Takes its Toll US-147
Shift to Managed Care System Compounds the Problem US-147
Impact of Increasing Claims by State US-147
Some States Beat the Trend US-147
Developments in Key US States US-148
Medical Malpractice Reinsurance US-150
Table 109: Leading Writers in US Medical Malpractice
Reinsurance Market by Reinsurance Assumed: 2001 (In US$
Million) (includes corresponding Graph/Chart) US-151
Internet and its Impact US-151
Outlook US-151
Underwriting Discipline a Must US-152
Consolidation - A Good Solution US-152
Regulations Bring in Certainty US-152
Consumers - The Ultimate Losers US-152

5i. Title Insurance US-153
The Basics US-153
Market Overview US-153
Table 110: US Recent Past, Current & Future Analysis for
Title Insurance Market: Premiums in US$ Billion for the
Years 2006 through 2010 (includes corresponding Graph/Chart) US-153
Key Trends US-154
Statutory Reserves Adds to Uniqueness US-154
Consolidation Springs New Changes US-154
M&As in Title Insurance Shrinks Competition US-154
Table 111: US Title Insurance Industry (2005): Percentage
Share of Premiums by Company - Fidelity National Financial,
First American Title, Land America, Old Republic, Stewart
Title, and Others (includes corresponding Graph/Chart) US-155

Table 112: US Title Insurance Industry (2004): Percentage
Share of Direct Premiums Written by Company -Attorneys Title
Inc., Fidelity National Financial, First American Title,
Land America, Old Republic, Stewart Title, and Others
(includes corresponding Graph/Chart) US-155

5j. Specialty Liability US-156
An Introduction US-156
Table 113: Segments of Specialty Line Business (In %)in the
US: 2000 (includes corresponding Graph/Chart) US-156
Transaction Liability US-156
Management Liability Insurance US-157
Employment Practices Liability US-157
Employment Practices Liability Insurance (EPLI): Moderation
Improves Investor Sentiment US-157
Employment-Related Claims - Getting on the Nerves of Insurers US-157
Continued Declines in Prices US-158
Directors and Officers Liability US-158
A Disciplined March US-158
A Review of Recent Performances US-159
Table 114: Market Shares of Leading D&O Insurers in the US:
2003 (includes corresponding Graph/Chart) US-159
Table 115: US D&O Claims by Type of Claimant (In %) (includes
corresponding Graph/Chart) US-159
Professional Liability and Errors & Omissions US-160
Coverage Restrictions US-160
Fidelity Insurance US-160
Premiums US-160
Market Trends US-161
Table 116: Market Shares of Leading Fidelity Writers in the
US (2004) (includes corresponding Graph/Chart) US-161
Underwriting Trends US-161
Capacity US-162
Fiduciary Liability US-162
Gunmakers Liability US-162

5k. Municipal Bond Insurance Market US-163
Table 117: Municipal Bond Exposure in the US Industry (In US$
Billion) US-163
Tax Exempt Debt Insurance Rides High US-163

5l. Mortgage Insurance US-164
Table 118: US Recent Past, Current & Future Analysis for
Mortgage Insurance Market with Net Premiums Written in US$
Million for the Years 2006 through 2010 (includes
corresponding Graph/Chart) US-164
Market Overview US-164
The Basics US-164
Payment Plans US-165
Policy Renewal/ Cancellation US-165
PMIs Competition with Service US-166
Elements of Underwriting Risk when Reviewing a Loan US-166
The Rise of Mortgage Insurance US-167
Factors Strengthening the PMI Business US-167
Self-Insurers in the PMI Market US-168
Long-Term Risks US-168
Factors Affecting Default Losses US-168

5m. Venture Capital Insurance US-169
Table 119: US Venture Capital Insurance Industry Performance
Indicators: 2000 Vs 1999 (VC Raised in US$ Billion) US-169
Growth of VC and VC-Insurance Go Hand in Hand US-169
Risk Stands Redefined for Technology Ventures US-169
VC Insurance Goes Global US-170

5n. Travel Insurance US-171
Travel Insurance Catches the Fancy of Americans US-171
Table 120: US Recent Past, Current & Future Analysis for
Travel Insurance Market: Premiums in US$ Million for the
Years 2006 through 2010 (includes corresponding Graph/Chart) US-171
Types of Travel Insurance US-171
International Health Insurance US-173
Individual Health Insurance Plans Based in the US US-173
Trip Insurance/Short-term Travel Insurance US-173
Long-Term International Health Insurance (Only Overseas
Coverage) US-173
Long-Term International Health Insurance (Includes Home
Country Coverage) US-174

5o. Insuring The Motion Picture Industry US-175
Completion Bonding - Entrenched US-175

5p. Environmental Insurance US-177
Pricing & Capacity US-177
Mold Coverage US-178
Remediation Stop Loss Coverage US-178
The “Polluter Pays” Principle US-178
Asbestos Liabilities US-178
Table 121: Asbestos Related Losses: 1992-2003 (In US$
Billion) (includes corresponding Graph/Chart) US-179
Effect of Escalating Asbestos Claims on the US Economy US-180
Developments US-180
Building on Brownfields US-180
Pollution Legal Liability (PLL) US-181
Colleges and Universities US-181
Contractors Pollution Liability US-181
Consultants Professional Liability US-181
Combined Coverage US-181

5q. Credit Insurance - Untapped Potential US-183
Demand On Rise US-183
Surety Market US-184
Table 122: Market Share of Leading Surety Underwriters in the
US for 2003 (includes corresponding Graph/Chart) US-184
Collateral and Surety Bonds US-184
Risk Factors and Insurance Products US-184

5r. Aviation Insurance US-185
Challenging Times: The Tough Get Going US-185
Corporate Aviation- Soft Market US-185
Impact of Hurricane Season US-185
2004: Market Review US-185
Market Scenario US-186
Market Trends in 2004 US-186
Airbus A380 Aircraft Poses New Challenges US-186
Table 123: Leading Players in the US Aircraft All Peril
Insurance Market (In US$ Million) (includes corresponding
Graph/Chart) US-187

5s. Marine Insurance US-188
Protection & Indemnity (P&I) US-188
Blue Water Hull US-188
Brown Water Hull and P&I Market US-189
Marine Liability & Vessel Pollution Liability US-189
Cargo US-189
Challenges Facing Marine Insurance US-189
Inland Marine Insurance US-190
Table 124: Leading Players in US Inland Marine Insurance
Industry (2004 & 2005): Percentage Market Share by Company -
American Home Assurance, Continental Casualty, Assurance
Company of America, Factory Mutual, Firemans Fund Insurance,
Hartford Fire Insurance, National Union Fire Insurance, State
Farm Fire and Casualty, Travelers Property Casualty, Voyager
Property & Casualty Insurance, and Others (includes
corresponding Graph/Chart) US-190

Table 125: Leading Players in US Inland Marine Insurance
Market (2002): Dollars of Direct Premiums Written for Amer
Intl Group, Zurich/Farmers Group, CNA Ins Cos, FM Global
Group, State Farm Group, Hartford Ins Group, Allianz of
America, Assurant Group, Chubb Group of Ins Cos and Travelers
PC Group (includes corresponding Graph/Chart) US-191

Table 126: Leading Players in US Inland Marine Insurance
Market (2000-2002): Percentage Share Breakdown by Value of
Direct Premiums Written for Amer Intl Group, Zurich/ Farmers
Group, CNA Ins Cos, FM Global Group, State Farm Group,
Hartford Ins Group, Allianz of America., Assurant Group,
Chubb Group of Ins Cos, Travelers PC Group and others
(includes corresponding Graph/Chart) US-192
Ocean Marine Insurance US-193
Table 127: Leading Players in US Ocean Marine Insurance
Market (2004 & 2005): Percentage Market Share by Company -
American Home Assurance, American Steamship Owners,
Continental Insurance, Federal Insurance Co., Firemans Fund
Insurance, Indemnity Ins Co. of North America, Navigators
Insurance Co., Northern Assurance Co. of America, St Paul
Fire & Marine Insurance, XL Specialty Ins Co., and Others
(includes corresponding Graph/Chart) US-193

Table 128: Leading Players in US Ocean Marine Insurance
Market (2002): Dollars of Direct Premiums Written for CNA
Insurance Group, American International Group, Ace INA Ltd,
Allianz Insurance Group, White Mountains Group, St Paul
Groups, Zurich/Farmers Group, XL America Group, Chubb Group
of Ins Cos, and Royal & SunAlliance (includes chart/Chart) US-194

Table 129: Leading Players in US Ocean Marine Insurance
Market (2000-2002): Percentage Share Breakdown by Value of
Direct Premiums Written for CNA Insurance Group, American
International Group, Ace INA Ltd, Allianz Insurance Group,
White Mountains Group, St Paul Groups, Zurich/Farmers Group,
XL America Group, Chubb Group of Ins Cos, and Royal &
SunAlliance (includes corresponding Graph/Chart) US-195

5t. Onshore Energy Property Insurance US-196
Energy Industry & Casualty US-196

5u. Political Risk Insurance US-197
Pricing US-197

5v. E-Insurance US-198
Table 130: US Market for Network Security Insurance: 1999-2002
(In US$ Million) (includes corresponding Graph/Chart) US-198
Hacker Insurance US-198
Venture Capital Funds Raise US $1 Billion for E-Insurance US-198

5w. Commercial Small Business Insurance US-199
A Stagnant Market with Vast Potential US-199
Rampant Underinsurance US-199

5x. Space Insurance US-201
Trouble Brewing in the US Space Insurance Industry US-201
Space Tourism to Propel the Future US-201
Regulatory Issues US-201

5y. Golf Insurance US-203
Golf Clubs and the Rising Insurance Rates US-203
Table 131: US Golf Insurance Market - Premium Earned &
Claims: 1997 - 2001 (includes corresponding Graph/Chart) US-203
Policies and Covers US-203

5z. Pet Insurance US-206
An Overview of the US Pet Insurance Market US-206
Expenditure on Pets Surges Ahead Among Americans US-206
US Pet Insurance Market Set to Strengthen Further US-206
Table 132: US Recent Past, Current & Future Analysis for Pet
Insurance Market: Premiums in US$ Million for the Years 2006
through 2010 (includes corresponding Graph/Chart) US-207
Pet Insurance in the US - A Past Review US-207
Petco . US-207
Veterinary Pet Insurance US-208
PetPartners US-208

5aa. Kidnap/Ransom & Extortion (KRE) Insurance US-209

6. Life Insurance US-210
Market Overview US-210
Industry to Keep Afloat US-210
A Surging Life Insurance Market US-210
Key Snapshots US-210
Table 133: US Life/Health Insurance Market (2006 & 2007):
Percentage Breakdown of Direct Premiums by Category for
Annuities, Life Insurance, and Accident & Health Insurance
(includes corresponding Graph/Chart) US-211

Table 134: US Life/Health Insurance Market (2005 & 2006):
Financial Asset Distribution of Insurers in US$ Billion by
Category - Credit Market Instruments (Corporate and Foreign
Bonds, U.S. Government Securities, Mortgages and Other
Instruments), Corporate Equities, Money Market Fund Shares
and Miscellaneous (includes corresponding Graph/Chart) US-211

Table 135: US Life/Health Insurance Market (2005 & 2006):
Percentage Breakdown of Financial Asset Distribution of
Insurers (includes corresponding Graph/Chart) US-212

Table 136: US Life/Health Insurance Industry (2006 & 2007):
Percentage Breakdown of Investments by Category - Bonds,
Mortgage Loans on Real Estate, Stocks, Contract Loans, Cash,
Cash Equivalent and Short-Term Investments, Real Estate and
Other Investments (includes corresponding Graph/Chart) US-212

Table 137: US Recent Past, Current & Future Analysis for
Individual Annuity Industry by Segment - Fixed and Variable
Annuity Markets Independently Analyzed with Premiums in US$
Billion for the Years 2006 through 2010 (includes
corresponding Graph/Chart) US-213
Life Insurance to Grow US-213
Life Insurance Industry Set to Capture Retirement Business US-213
Reinsurance: The ‘Life' of ‘Life' US-213
Table 138: Leading Players in the US Life/Health Insurance
Market (2006): Market Revenues in US$ Billion by Company for
MetLife, Prudential Financial, New York Life Insurance,
TIAA-CREF, Massachusetts Mutual Life Insurance, Northwestern
Mutual, AFLAC, Genworth Financial, Unum Group and Principal
Financial (includes corresponding Graph/Chart) US-214

Table 139: US Individual Term Life Insurance Market (2006):
Leading Players by Number of Policies Issued (In Thousands) -
State Farm, American International, Citigroup, Direct General
Group, Liberty National, Genworth Financial Group, American
Family Corp., Protective Life Insurance, Old Mutual, and
Northwestern Mutual (includes corresponding Graph/Chart) US-214

Table 140: US Individual Whole Life And Endowment Insurance
Market (2006): Leading Players by Number of Policies Issued
(In Thousands) - Liberty National, Gerber Life Insurance
Company, American International, State Farm, UnumProvident
Life, AEGON USA Incorporated, Mutual of Omaha, Metropolitan
Group, New York Life, Unitrin Group, American Family Corp.,
Northwestern Mutual, Allstate Insurance, Conseco, and Zurich
Insurance Group (includes corresponding Graph/Chart) US-215

Table 141: US Life Insurance Industry (2004): Gross Premium
Written (GPW) in US$ Billion by Leading Reinsurance Companies
for General Re, Swiss Re USA, XL Reinsurance America,
American Re, Everest Reins. Company, Transatlantic Re,
Employers Re, Odyssey Re America, Berkley Insurance Co.,
Folksamerica and Others (includes corresponding Graph/Chart) US-216
Group Life Insurance Market: Gearing ‘Up' Risk Profiles US-216
Table 142: US Group Life Insurance Industry (2005 & 2006):
Premiums in US$ Million for Select Companies - AIG, Hartford
Life, Met Life, Prudential, Sun Life Financial, and Unum
Provident (includes corresponding Graph/Chart) US-217

Table 143: US Group Life Insurance Industry (2005): In Force
Premiums in US$ Billion for Select Companies - Aetna Inc, AIG
Life, Cigna, Hartford, Health Care Service, ING USA,
Jefferson-Pilot, Metropolitan Life & Affiliated, NY Life,
Prudential of America, Reliance Standard, Securian Finl
Group, Standard Ins, Sun Life, and UnumProvident (includes
corresponding Graph/Chart) US-218

Table 144: US Individual Life Insurance Industry (2005 &
2006): Premiums in US$ Million for Select Companies - AIG,
Ameriprise Financial, Genworth Financial, Hartford Life,
Lincoln National, Met Life, Manulife, Nationwide Financial,
Prudential, and Sun Life (includes corresponding Graph/Chart) US-219

Table 145: Leading Players in US Individual Life Insurance
Industry (2006): Percentage Market Share by Company - AIG,
Ameriprise Financial, Genworth Financial, Hartford Life,
Lincoln National, Manulife, Met Life, Nationwide Financial,
Principal Financial Group, Protective Life, Prudential, Sun
Life, and Others (includes corresponding Graph/Chart) US-219

Table 146: US Individual Life Insurance Industry (2006):
Percentage Breakdown of Sales by Distribution Channel -
Stockbrokers and Financial Institutions, Personal-Producing
General Agents & Brokers, Direct Response, and Affiliated
(includes corresponding Graph/Chart) US-220
Life/Health Insurance Companies in Transition Mode US-220
Retirement Market Opens New Opportunities US-220
Tapping the Market with New Products US-221
Whole Life Or Term? - The Question of Insuring Life US-222
Table 147: US Life Insurance Industry (2003 & 2004):
Percentage Value Breakdown of Life Insurance Product Sales
by Universal Life, Whole Life, Variable Universal Life,
Level Premium Term, Variable Life, Annual Renewable Term
and Other Term (includes corresponding Graph/Chart) US-222

Table 148: US Life/Health Insurance Market by Type for
2003: Net premiums Written (In US$ billion) for Life,
Annuity, Accident & Health, Contract Funds (Deposit-Type),
and Others (includes corresponding Graph/Chart) US-223

Table 149: Premiums for US Life/Health Insurance Market by
Product Line for 1998 and 2002 (in US$ Billion) (includes
corresponding Graph/Chart) US-223

Table 150: US Worksite Life Insurance Market in 2003 (*):
Sales ($ Million) of Worksite Life Insurance for Life
Disability, Accident, Critical Illness, Dental, Long-term
Care, Hospital Indemnity, and Others (includes
corresponding Graph/Chart) US-224
Favorable Life Products in the US US-224
Life Cycle of Life Insurance Products US-225

6a. Leading Players - Key Statistics US-227
Life Insurance Market US-227
Table 151: Leading Players in the US Term Life (In -Force)
Market (2005): Premium Value in US$ Billion for Aegon USA
Inc, Lincoln Natl Corp, ING USA Life Group, Metropolitan Life
& Affiliated Cos, and Swiss Reins Group (includes
corresponding Graph/Chart) US-227

Table 152: Leading Players in the US Term Life Market (2005):
Value in US$ Billion by Term Life Issued by Company - AIG
Life Group, Genworth Finl Group, Northwestern Mutual Group,
Primerica Group, and State Farm Life Group (includes
corresponding Graph/Chart) US-227

Table 153: US Life Insurance Market (2005): Premium in US$
Billion for American Life, AKA Equitable Life, Allianz Life,
American Family Life, Lincoln National Life, Massachusetts
Mutual Life, Metropolitan Life, Northwestern Mutual Life,
Prudential Insurance Co, and United Healthcare Insurance
(includes corresponding Graph/Chart) US-228

Table 154: US Life Insurance Industry (2003): Gross Written
Premium in US$ Billion by Leading Companies for Metropolitan
Life & Affiliated, AIG, Hartford Life, ING, Prudential of
America, AEGON, Equitable, New York Life, MassMutual
Financial, and Manulife Financial (includes corresponding
Graph/Chart) US-229

Table 155: US Life Insurance Industry (2003 & 2004):
Percentage Value Breakdown of Retail Life Insurance Sales by
Leading Companies for New York Life, Northwestern Mutual,
AIG-American General, John Hancock/ManuLife Financial, ING
Life Companies - U.S., Aegon USA, Pacific Life, MetLife
Companies, State Farm Life, AXA Financial/MONY and Others
(includes corresponding Graph/Chart) US-230

Table 156: US Life/Health Insurance Industry (2004): Leading
Companies by Revenues in US$ Billion for MetLife, Prudential
Financial, New York Life Insurance, TIAA-CREF, Mass. Mutual
Life Ins., Northwestern Mutual, AFLAC, Unum Provident,
Guardian Life of America, and Principal Financial (includes
corresponding Graph/Chart) US-231

Table 157: US Life/Health Insurance Industry (2004): Leading
Companies by Assets in US$ Billion for Prudential Financial,
MetLife, TIAA-CREF, New York Life Insurance, Mass. Mutual
Life Ins., Northwestern Mutual, Lincoln National, Principal
Financial, Pacific Life, and AFLAC (includes corresponding
Graph/Chart) US-231

Table 158: Leading Players in US Life and Health Insurance
Market (2002): Premium Income (In US$ Billion) for
Metropolitan Life Insurance Co., Equitable Life Assur.
Society of the US, Prudential Insurance Co. of America,
Massachusetts Mutual Life Insurance Co., Hartford Life &
Annuity Insurance Co., Nationwide Life Insurance Co., United
Healthcare Insurance Co., American Life Insurance Co.,
Northwestern Mutual Life Insurance Co., and American Family
Life Assur. Co. Columbus (includes corresponding
Graph/Chart) US-232

Table 159: Leading Players in US Life Insurance Market (2002
& 2003): Individual Life Premiums (In $000) and % Change
(YoY) for Northwestern Mutual Life Insurance Co., American
Life Insurance Co., Prudential Insurance Co. of America,
Metropolitan Life Insurance Co., New York Life Insurance Co.,
Massachusetts Mutual Life Insurance Co., State Farm Life
Insurance Co., Equitable Life Assur. Society of the US,
Guardian Life Insurance Co. of America, and Swiss Re Life &
Health America, Inc.(includes corresponding Graph/Chart) US-233

Table 160: Leading Players in US Life Insurance Market (2002
& 2003): Group Life Premiums (In $000) and % Change (YoY) for
Metropolitan Life Insurance Co., Prudential Insurance Co. of
America, Massachusetts Mutual Life Insurance Co., Aetna Life
Insurance Co., Connecticut General Life Insurance, Minnesota
Mutual Life Insurance Co., UNUM Life Insurance Co of America,
New York Life Insurance Co., Hartford Life & Accident
Insurance, and Life Insurance Co. of North America (includes
corresponding Graph/Chart) US-234

Table 161: Leading Players in the US Individual Term Life
Insurance Market by Percentage Market Share for 2003
(includes corresponding Graph/Chart) US-234

Table 162: Leading Players in the US Credit Life Insurance
Market (2005): Premiums in US$ Billion for Aegon USA Inc, AIG
Life Group, Amer Natl Group, Assurant, Citi Assur Svcs Group,
Cuna Mutual Group, HSBC Ins Group, Life of the South Group,
Protective Life Corp, and Securian Finl Group (includes
corresponding Graph/Chart) US-235

Table 163: Leading Players in US Credit Life Insurance Market
(2003): Insurance in Force for Cuna Mutual Group, Assurant,
AIG Life Group, Household Ins Group, Citigroup, Protective
Life Corp, Metropolitan Life & Affiliated, Combined A&H
Group, Aegon USA Inc, and MN Mutual Groups (includes
corresponding Graph/Chart) US-235

Table 164: Leading Players in US Insurance Market (2002 &
2003): Individual Annuity Premiums (In US $Million) and %
Change (YoY) for Hartford Life & Annuity Insurance Co.,
Allianz Life Ins. Co. of North America, Metropolitan Life
Insurance Co., Pacific Life Insurance Co., Teachers Ins. &
Annuity Assoc. of America, Hartford Life Insurance Co.,
Jackson National Life Insurance Co., Transamerica Life Ins.
Co., Allstate Life Insurance Co., and Lincoln National Life
Insurance Co. (includes corresponding Graph/Chart) US-236

6b. Universal Life Products Market US-237
IUL Sales Up in 2006 US-237
Table 165: Universal Life Sales in the US: 2000-2003 (in $
Million) (includes corresponding Graph/Chart) US-237

Table 166: US Insurance Industry (2006): Indexed Universal
Life Insurance Sales in US$ Million for Select Companies -
AEGON, Allianz Life, AVIVA, Conseco, Lafayette Life, Midland
National life, National Life Group, Old Mutual Financial
Network, and Pacific Life Companies (includes corresponding
Graph/Chart) US-238

Table 167: US Insurance Industry (2005): Percentage
Breakdown of Equity Indexed Life Insurance Sales for Aegon
Companies, AIG, AmerUs, Allianz, Conseco, Lafayette, LSW/
Natl Life Vt, Midland National, Old Mutual, Pacific Life,
and Others (includes corresponding Graph/Chart) US-238
Table 168: Leading Players in the US Universal Life
Insurance Market by Market Share: 2004 (includes
corresponding Graph/Chart) US-239
Group Universal Life Insurance in the US US-239

6c. Variable Life Insurance US-240
Market Faces Key Challenges US-240
Hard Times Lie Ahead US-240
Reasons for Low Sales of VL US-240

6d. Mutual Life Insurance US-241
Healthy Growth for Separate-Account US-241
Good Run Comes to an End US-241
Demutualization Shrinks Market US-241

6e. Sales of Single Premium Life on the Rise US-242
Table 169: Leading Players in US Life Insurance Market (2001 &
2002): New Life Insurance Premiums (In US$ million) Sold
through Banks - Liberty Life, Aegon, Allstate Financial, CGU
Life, Nationwide, Golden Rule, First Penn-Pacific, Hartford,
CUNA Mutual, and AXA (includes corresponding Graph/Chart) US-243
Banks' Premium Sales On a Declining Spree US-243
Ordinary Life Insurance Policies US-244
Table 170: Leading Players in US Ordinary Life Insurance
Market (2003): Amount Issued in Dollars and % Change (YoY)
for AIG Life Group, Protective Life Corp, Northwestern
Mutual Group, Citigroup, Aegon USA Inc, NY Life Group, State
Farm Group, Metropolitan Life & Affiliated, Genworth Finl
Group, and Prudential of America Groups (includes
corresponding Graph/Chart) US-244

Table 171: Ordinary Life Insurance Sales in the US by Type
of Insurer: 2000 (In US$ Billion) (includes corresponding
Graph/Chart) US-244

6f. Key Trends/Issues in the Life Sector US-245
Term Life Insurance Rates to Decline US-245
Premium Rates on Southward Journey US-245
Graying Baby Boomers Offer Brighter Opportunities US-246
Unprecedented Shift in the US Population US-246
Table 172: Reversal of the Demographic Balance in the US:
1970-2020e (Millions) (includes corresponding Graph/Chart) US-247
Senior Citizen Population in the US US-247
Table 173: Financial Products Ownership by Senior Citizens
(includes corresponding Graph/Chart) US-248

Table 174: Financial Products Ownership by Senior Citizens
(includes corresponding Graph/Chart) US-249
The Pros and Cons of Genetic Solution US-249
Cell-Phone Related Health Risk Insurers and Policyholders
Cross Swords US-250
Restructuring of Life Market US-250
Life Insurers Collect Fee Income US-251
Terror Strikes Lives US-251
Affect of AIDS US-251
Working Women: A Potential Market US-252
Disputes in the Life Insurance Industry US-252
US Life Insurance Companies on to Securitization US-252
Attractiveness of Other Markets for Foreign Life Insurers US-253
Demographic Forces Shaping Life Insurance Business US-253

6g. Distribution Systems in Life Insurance US-254
Distribution Pattern of the US Life Insurance Sector - A Glance US-254
Changing Face of Distribution US-254
Table 175: US Insurance Industry (2006 & 2007): Percentage
Breakdown of Sales of Individual Annuities by Distribution
Channels - Career Agents, Financial Planners/ Independent
Broker-Dealers, Independent Agents, Banks, Stockbrokers,
Direct Response and Others (includes corresponding
Graph/Chart) US-255

Table 176: US Life Insurance Market (2006): Percentage
Breakdown of Immediate Annuity Sales by Distribution Channel
  • Broker/Dealers, Captive Agents, Independent Producers, Banks
& S&Ls, and Others (includes corresponding Graph/Chart) US-255
Customer Needs and Values US-256
Market and Competitive Dynamics US-256
Internal Capabilities and Constraints US-256
Strategy, Goals and Objectives US-256

6h. Challenges Confronting the Industry US-257
Regulatory Hurdles US-257
Drawbacks of the Life Insurance Market US-257
Factors to Improve Performance US-258

6i. 401(K) PLANS US-259
Market Perspective US-259

6j. Variable Annuity US-260
Market Overview US-260
Sale of Variable Annuities on the Rise US-260
Table 177: US Variable Annuity Industry (2006): Sales of
Variable Annuities in US$ Billion by Leading Players
(includes corresponding Graph/Chart) US-260

Table 178: US Insurance Industry: Net Assets of Variable
Annuities in US$ Billion for the Years 2005, 2006 and 2007
(includes corresponding Graph/Chart) US-261

Table 179: US Insurance Industry (2006 & 2007): Percentage
Breakdown of Variable Annuity Sales by Distribution Channels
  • Independent NASD Firms, Captive Agents, Banks/Credit
Unions, New York Wirehouses, Regional Investment Firms and
Direct Response (includes corresponding Graph/Chart) US-261

Table 180: US Equity Index Annuities Market (2006 & 2007):
Percentage Market Share of Total Sales by Company - Allianz
Life, AVIVA, ING, Old Mutual, Midland National Life,
American Equity, Equitrust, Jackson National Life,
Jefferson-Pilot, Sun Life and Others (includes
corresponding Graph/Chart) US-262
A Recent Past Overview US-262
Table 181: Sales of Variable Annuity: 1997- 2003 (in $
Billion) (includes corresponding Graph/Chart) US-262

Table 182: US Life Insurance Market (2005): Percentage
Breakdown of Variable Annuity Sales for AIG/SunAmerica/
VALIC, Axa Financial/MONY, TIAA-CREF, Hartford Life, ING
Group, John Hancock Life, Lincoln National Life, MetLife,
Pacific Life, Pru/American Skandia, and Others (includes
corresponding Graph/Chart) US-263

Table 183: US Life Insurance Market (2006): Percentage
Breakdown of Variable Annuity Sales by Distribution Channel
  • Bank/Credit Union, Captive Agency, Direct Response,
Independent NASD Firms, New York Wire Houses, and Regional
Investment Firms (includes corresponding Graph/Chart) US-263

Table 184: US Leading Variable Annuity Issuers by New Sales
in US$ Billion: 2003 (includes corresponding Graph/Chart) US-264
Resurgence Through Consolidation and Diversification US-264
Potential Base Innovations US-265
The Plans ‘n' the Benefits US-265
Annuities: ‘Variable' Performances US-265
Bonus Annuities Make Rapid Inroads US-266
Wrap Programs US-266
Distribution of VA - Refocus for the Better US-266
Table 185: Key Distribution Channels for Variable Annuities
in the US in %: 2001, 2000 & 1999 (includes corresponding
Graph/Chart) US-267
Outlook US-267

6k. Fixed Annuities US-268
Drop in Sales of Index Annuity US-268
Table 186: US Life Insurance Industry (2006): Percentage
Breakdown of Fixed Annuity Life Insurance Sales by Leading
Companies - Allianz Life, American Equity, AVIVA, Equitrust,
ING, Jackson National, Jefferson-Pilot, Midland National, Old
Mutual, Sun Life, and Others (includes corresponding
Graph/Chart) US-268

Table 187: US Life Insurance Industry (2006): Percentage
Breakdown of Equity Indexed Annuity Sales for Allianz Life,
American Equity, AmerUs Group, EquiTrust, ING, Jackson
National Life, Jefferson-Pilot, Old Mutual, Midland National
Life, Sun Life, and Others (includes corresponding
Graph/Chart) US-269

Table 188: US Life Insurance Industry (2003 & 2004):
Percentage Value Breakdown of Fixed Annuity Life Insurance
Sales by Leading Companies for AIG, Allianz, Allstate, New
York Life, ING, Old Mutual, Jackson National (Prudential UK),
Genworth Financial, Aegon, and Sun Life (includes
corresponding Graph/Chart) US-269

6l. Bank Annuities US-270
Table 189: US Fixed Annuities Market (2006): Sales of Fixed
Annuities Through Banks for Leading Players in US$ Million
(includes corresponding Graph/Chart) US-270

Table 190: US Variable Annuities Market (2006): Sales of
Variable Annuities Through Banks for Leading Players in US$
Million (includes corresponding Graph/Chart) US-271
A Recent Past Overview US-271
Table 191: Leading Individual Annuity Sellers Through Banks
in the US: 2002 & 2003 (In US$ Billion) (includes
corresponding Graph/Chart) US-271

6m. Offshore Annuities US-272
Benefits Galore US-272
Bar on Direct Solicitation Takes its Toll US-272
Offshore Variable Life Insurance - Holds Much Promise US-272
Transparency Takes the Curtains Off US-272
The Call for ‘Clean Money' US-273

7. Health Insurance US-274

7a. Market Overview US-274
Hospitals, Healthcare And Managed Care Systems - A Totally
Competitive Pie US-274
Health and Managed Care - Looking Up to 2007 US-274
Highlights US-274

7b. Current Trends in the Market US-276
Health Conscious Drives More Business in Healthcare Insurance
Sector US-276
Health Insurance Mergers Generate Oligopolies and Monopolies US-277
Sale of Medibank Private Affects Health Insurance Sector US-277
Overweight Individuals Face Higher Insurance Premiums US-277
Baby Boomers Face Expensive Healthcare Services & Inadequate
Insurance US-277
Rising Insurance Costs Pin down Health Insurance Levels US-278
Compulsory Coverage for Children - It's A State Boon US-278
Employers Offering Integrated Healthcare schemes for Improving
Productivity US-278
Online Insurance Companies Go All Out to Convince Americans to
Insure their Health US-278
Health Insurance Increases Focus on Online Channel US-279
Health Insurance Companies Venture into the Expanding
Individual Health Insurance Market US-279
Self Insurance Programs - Making Their Presence Felt US-280
The Blues Turning Pale due to rising Mediclaim Costs US-280
Innovative Approaches US-280
The US-Mexico Cross-Border Health Insurance Market US-281
A Troublesome Health Insurance Sector US-281
Expectations for Healthcare Market US-281

7c. Key Players US-282
Table 192: US Health Insurance Market (2003 & 2004): Leading
Companies Ranked by Revenues (In US$ billion)for UnitedHealth
Group Inc., WellPoint Health Networks Inc., CIGNA Corp., Aetna
Inc., and Anthem Inc.(includes corresponding Graph/Chart) US-282

Table 193: Leading Players in US Health Insurance Market
(2002): Group Accident and Health Insurance Premiums for
United Healthcare Insurance Co., Connecticut General Life
Insurance Co, Health Care Svc. Corp., Guardian Life Insurance
Co. of America, Aetna Life Insurance Co., Metropolitan Life
Insurance Co., Humana Ins. Co., Principal Life Insurance Co.,
Blue Crass & BlueShield of Fla., and Anthem Health Plans of
Va.,Inc (includes corresponding Graph/Chart) US-283

Table 194: Leading Healthcare Plans in the US: 2001 (In
Millions) (includes corresponding Graph/Chart) US-283
Decisions Facing the Indemnity Companies US-284
Integration of Group Medical Benefits and Workers' Compensation US-284

7d. Challenges Facing Healthcare Insurers US-285
Types of Health Insurance Policies US-285
Medical Expense Plans US-285
Freedom-Of-Choice Plans US-285
Preferred Provider Organization (PPO) Plans US-285
Health Maintenance Organizations (HMOs) US-286
Short-Term Health Insurance US-286
Catastrophic Health Insurance US-286
Traditional Fee-for-Service Coverage US-286
Point-of Service (POS) US-287
COBRA US-287

7e. Historic Perspective US-288
Key Trends in the 90s US-290

7f. Market Characteristics US-293
A Bi-Polar Market US-293
PPOs Rule the Market US-293
Online Enrolment for Health Benefits on the Rise US-293
Individual Health Insurance Market at a Glance US-293
Group Health Insurance US-294
Employer-Sponsored Health Insurance US-294
Snapshots US-294
Table 195: Breakdown of Covered Employees in the US by Type
of Coverage & Employer Size: 2001 (In %) (includes
corresponding Graph/Chart) US-295
Three-Tier Health Plans US-295
MEDICAID in the US US-296
Medicare Costs More US-296
Medicaid Spending Trends / Projections US-296
Table 196: Annual US Medicaid Expenditure Projections: 2001
  • 2010 (In US$ Billion) (includes corresponding
Graph/Chart) US-297
Nursing Home Liability US-297

7g. Long-Term Health Care in the US US-298
Long-Term Insurance Products - A Brief US-298
Table 197: US Long-Term Care Insurance Market (2005 - 2007):
Percentage of Workers Having Access to Long-Term Care
Insurance (includes corresponding Graph/Chart) US-299

Table 198: Leading Players in the US Long-Term Care Insurance
Market (2005): Direct Premiums Earned by Company - John
Hancock Life Insurance Co., Genworth Life Insurance Co.,
Metropolitan Life Insurance Co., Continental Casualty Co.,
and Bankers Life & Casualty Co., in US$ Million (includes
corresponding Graph/Chart) US-299
LTC-Linked Insurance: The Trusted Companion During Uncertain
Times US-300
Demand for LTC Insurance Likely to Prop Up US-300
Market Set to Grow US-301
LTC Insurance Witnesses Rapid Consolidation and Stricter
Underwriting US-301
Sources of Funding US-301
LTC Vs Disability Income US-301
LTC Insurance VS Other Investments - A Market Scenario US-301
Division of Long Term Care Insurance by Product US-302
What are Viatical Settlements? US-302
Rampant Unfamiliarity US-302

7h. Managed Care Trends US-303
The Negatives US-303
Solutions New and Old US-304
Health Maintenance Organization (HMO) Segment US-304
Health-Maintenance Organizations in Colorado Report Losses US-305
HMOs Implement Disease Management Programs US-305
HMOs Pay More to Hospitals US-305
Changing Relationships of the Insurers and the HMOs US-305
The HMO - PPO (Preferred Provider Options) Standoff US-306
Factors Fueling PPO Growth US-306
The Winner to Be US-306
Health Reinsurance - A Costly Affair? US-307
Key Factors Driving Cost Increases US-307
Coverage Limits US-307
Self-Insured Sitting Pretty US-307
Concerns Over Rising Health Insurance Costs US-308
Table 199: Factors Contributing to Rising Health-Care Costs:
On a Scale 1-10 (includes corresponding Graph/Chart) US-308
Uninsured Americans - A Perspective US-309
Table 200: Uninsured (Health Insurance) American Population:
1996 - 2000 (includes corresponding Graph/Chart) US-309
Table 201: Uninsured (Health) US Population - Breakdown by
Different Characteristics: 2000 US-310
Table 202: Children Lacking Health Insurance in the US by
Different Characteristics: 2000 (includes corresponding
Graph/Chart) US-311
Uninsured Workers in the US US-311
Other Major Issues US-311
Viability of Genetic Testing US-311
Expenses of Long Term Care US-312
Understanding Technology US-312
Class Action Lawsuits US-312
Women and Health Insurance US-313
Table 203: Health Insurance Coverage by Type for US Women
Aged 18-64: 2001 (includes corresponding Graph/Chart) US-313

Table 204: Insured Women's (18-64 Yrs) Healthcare Plans in
the US: 2001 (includes corresponding Graph/Chart) US-313

Table 205: Demographical Study of Women Lacking Health
Insurance: 2001 (includes corresponding Graph/Chart) US-314
Number of Women Without Health Insurance on a Rise US-314
State Childrens Health Insurance Program (SCHIP) US-315
A Drain on Medicaid Budgets US-315
Eligibility Parameters US-315
The Medicare + Care Choice Program US-315

7i. Disability Insurance US-317
Market Overview US-317
Disability Insurance: A Key Life Segment US-317
Features of Group Disability Income Programs US-317
Features of Individual Disability Income Programs US-318
Changes in the Disability Market US-318
Potential of the Disability Insurance Market US-319
Hard Long-Term Disability Insurance Market US-320
Table 206: Leading Group Disability Insurers in the US
(2006): Premiums in US$ Billion for Aetna, Assurant, Cigna,
Guardian, Hartford Life, Lincoln Financial Group, Metlife,
Standard Insurance, Reliance Standard, and Unumprovident
(includes corresponding Graph/Chart) US-320

Table 207: Leading Players in the US Long Term Disability
Insurance Market: 2003(Premium in $ Million) (includes
corresponding Graph/Chart) US-321

Table 208: Leading Players in the US Short Term Disability
Insurance Market: 2003 (Premium in $ Million) (includes
corresponding Graph/Chart) US-321
Limiting Disability Claim Payments US-321
Individual Disability Insurance Market Makes a Turnaround US-321
Non-Cancelable Disability Income Insurance US-322
Mental Disorders - Adding a New Dimension to Disability Insurance US-322
The Cause and the Solution US-323

8. Alternative Markets US-324
An Overview US-324
Table 209: US Insurance Industry: Major Alternative Risk
Transfer Products (2001) (In $ billion) (includes
corresponding Graph/Chart) US-324
High Retention/Deductible Programs US-325
Retrospectively Rated Plans US-325
Captives (Group, Association, Rent-a-Captive) US-325
Table 210: US Insurance Industry (2003 & 2004): Number of
Captives by Location(includes corresponding Graph/Chart) US-326
Pros & Cons of Rules on Captives US-326
US Captive Domiciles-Alternate Market Set to Grow US-327
Pools/Trusts US-327
Self-insurance Groups US-328
Producer-Owned Insurance Companies US-328
Consolidation Process US-328

9. Reinsurance Market US-329
Standing Strong Amid Blues US-329
2004 - A Round up US-329
US Group Reinsurance Market Slows Down in 2005 US-330
Catastrophe Reinsurance Experiences Growth US-330
Nationwide Insurance Adopts Fiserv's Solution to Manage
Reinsurance US-330
Table 211: US Reinsurance Industry (2006): Premiums Ceded to
Reinsurers (Affiliated and Unaffiliated) Outside US by
Country - Bermuda, Switzerland, U.K., Germany, Cayman Islands
and Others in US$ Billion and Market Share (includes
corresponding Graph/Chart) US-331

Table 212: US Reinsurance Market (2005): Percentage Breakdown
of Net Written Reinsurance Premiums by Category - Allied,
Auto Physical Damage, Commercial Auto Liability, Commercial
Multiple Peril, Fire, Homeowners, Inland Marine, Medical
Malpractice, Private Passenger Auto Liability, Product
Liability, Other Liability, Workers Compensation, and Other
Lines (includes corresponding Graph/Chart) US-331

Table 213: Leading Players in the US Reinsurance Market
(2005): Net Written Premiums in US$ Billions for Berkley
Insurance, Employers Reinsurance, Everest Reinsurance,
Folksamerica Reinsurance, National Indemnity, Odyssey
America, Partner Reinsurance, Platinum Underwriters, Swiss
Reinsurance, and Transatlantic Reinsurance (includes
corresponding Graph/Chart) US-332
US Ordinary Reinsurance Market on the Downfall US-332
Table 214: Leading Players in US Ordinary Reinsurance
(In-Force) Market (2005): Percentage Breakdown by Company -
Canada Life, General Re life, Generali USA Life Re, GE Ins.
Solutions, Munich American Re, Revios Re, RGA Re Company,
Scottish Re, Swiss Re, Transamerica Re, and Others (includes
corresponding Graph/Chart) US-333

Table 215: Leading Players in US Ordinary Reinsurance
(Assumed) Market (2005): Percentage Breakdown by Company -
Canada Life, General Re life, Generali USA Life Re,
Manufacturers Life, Munich American Re, RGA Re Company, SCOR
Life Re, Scottish Re, Swiss Re, Transamerica Re, and Others
(includes corresponding Graph/Chart) US-333

Table 216: Leading Players in US Reinsurance Market (2005):
Recurring New Business in US$ Million for Canada Life,
General Re, Generali USA, MARC, RGA, Revios, Scottish, Swiss
Re, SCOR, and Transamerica (includes corresponding
Graph/Chart) US-334
Reinsurers to Offer Public Stock US-334
The Foreign Presence US-334
Table 217: Leading Reinsurers in the US by Percentage Market
Share of Gross Written Premium: 2004 (includes corresponding
Graph/Chart) US-335

Table 218: Leading Property/Casualty Reinsurers in the US by
Net Premium Written in US$ Billions: 2003 (includes
corresponding Graph/Chart) US-336
Several Reinsurers Pull Out of US Market US-336
Consolidation in the US Life Reinsurance Market: 2002 Vs 2004 US-337
Impact of the Consolidation Process US-337
A Historic Review US-338
Table 219: Business Break-Up (In %) of Leading Reinsurance
Sellers in the US: 2000 (includes corresponding Graph/
Chart) US-338
Other Key Trends US-339
Globalization US-339
Evolution of New Contracts US-339
The Problem of Disputes US-339
Derivatives Rise US-340
Effect of London Market Consolidation US-340
Catastrophe Reinsurance US-342
High Rates Characterize Catastrophe Reinsurance US-342
The Group Life Catastrophe Reinsurance Market US-343
US Catastrophe Reinsurance Schemes US-343
TRIA- Main Characteristics US-343
Waterfront Property Insurance US-344
Special Calamity Plans US-344
Life Reinsurance Business US-345
Changing Face of Life Reinsurance US-345
Cession Rates Drive Growth US-345
Advantage Life Reinsurers US-346
Table 220: Leading Players in US Life Reinsurance Industry
(2005): Premiums in US$ Billion for Select Companies -
General Re Life, Lincoln National Life, London Life, Munich
American Reassurance, RGA Reinsurance, Scottish Re, Security
Life of Denver Insurance, Swiss Re Life & Health,
Transamerica Financial, and Transamerica Occidental Life
(includes corresponding Graph/Chart) US-346

Table 221: Leading Players in US Life Reinsurance Industry
(2005): Percentage Share of New Business Premiums Written by
Company - Canada Life, General Re Life, Generali USA Life
Re, Munich Re, RGA, Revios Re, SCOR Life Re, Scottish Re,
Swiss Re, Transamerica Re, and Others (includes
corresponding Graph/Chart) US-347

Table 222: Leading Players in US Life Reinsurance Industry
(2005): Percentage Share of Premiums Written (In-Force) by
Company - Canada Life, GE Insurance, General Re Life,
Generali USA Life Re, Munich Re, Revios Re, RGA, Scottish
Re, Swiss Re, Transamerica Re, and Others (includes
corresponding Graph/Chart) US-347
Key Trends in Life Reinsurance US-347
Insurers Shed Risk to Assume Broader Role US-347
Terms Policies Hot on Reinsurance Circuit US-348
Factors Influencing Growth in Life Reinsurance Market US-348
Demutualization Pushing the Reinsurance Market US-348
Regulations Promote Reinsurance Business US-349
Outlook US-349
Reinsurance Broking Industry US-349
Smaller Brokers Call the Shots US-349
Hard and Soft Market Issues US-350
Big Brokers Bring Incentives to Work US-350
Outlook US-350

10. Captive Insurance US-351
Captives Set for a Big Leap US-351
Hawaii - A Major Captive Domicile US-351
Hawaii Aims to Emerge as Global Player in Insurance Market US-351
Regulatory Overview US-352

11. Surplus Lines US-353
Surplus Lines Market - Current and Potential Trends US-353
Prospective Trends of US Specialty Lines Insurance Market US-353
Surplus Lines - Going Strong US-353
Leading Players US-354
Table 223: Leading Players in the US Surplus Lines Insurance
Market (2006): Nonadmitted Direct Written Premiums by Company
  • Lexington Insurance Company, American International
Specialty Lines Insurance Company, Steadfast Insurance
Company, Scottsdale Insurance Company and Columbia Casualty
Company US$ Billion (includes corresponding Graph/Chart) US-354

Table 224: Leading US Surplus Line Groups (2005): Premiums in
US$ Million for Select Companies - ACE INA, Arch Insurance,
AIG, AXIS, Berkshire-Hathaway, CNA Insurance, Markel,
Nationwide, WR Berkley, and Zurich (includes corresponding
Graph/Chart) US-355

Table 225: Leading US Domiciled Surplus Line Writers in 2000
(In US$ Million) (includes corresponding Graph/Chart) US-355
The Powerhouse Called Lloyd's US-356
The Market in California US-356
Key Trends US-356
Hardening Prices US-356
Pools US-357
Risk Retention Groups (RRGs) US-357
Purchasing Groups (PGs) US-357
Self-Insurance Groups (SIGs) US-358

12. Bancassurance in The US US-359
Table 226: Leading US Banks Ranked by Insurance Sales Income
(In US$ Million) for 2002 (includes corresponding
Graph/Chart) US-360

Table 227: Leading US Bank Holding Companies by Insurance
Revenues (In US$ Million) for 2002 (includes corresponding
Graph/Chart) US-360
Life Insurance Business in Banks Get New Life US-360
MetLife US-360
Hartford Life Insurance Company US-361
The Banking Channel US-361
Prudential Insurance Company of America Inc US-361
Nationwide Insurance US-361
Competition from European Banks US-362
Structural Comparisons - Banks and Insurance Companies US-362
Banks Vs Insurance Companies US-362
Disturbingly Underserved Nature of the Insurance Marketplace US-363
Risks US-363
Insurance Carrier Versus Agent - Shifting Support in Washington US-363

13. Marketing and Distribution US-365
Distribution Channels - Changing Scope US-365
Table 228: Percentage Share of Major Distribution Channels
in the US: 1998 Vs 2003 (includes corresponding Graph/Chart) US-365
Work-Site Marketing Becoming Popular US-365
Table 229: US Worksite Life Insurance Sales (In %) by Line of
Business for 2003 (includes corresponding Graph/Chart) US-366
Independent Market Organizations - IMOs US-366
Independent Producers Call the Shots US-366
Insurance Brokerage US-366
Brokerage Market Witnesses Dampened Activity on the M&A Front US-366
Snapshots of the Brokerage Sector in the US: US-368
Table 230: Leading Business Insurance Brokers in the US by
Brokerage Revenues: 2003 (In US$ Billion) (includes
corresponding Graph/Chart) US-368
Managing General Agents US-369
Life and Health Insurers Hitch Onto the Internet Bandwagon US-369
Demographics Propel the Sector US-369
Table 231: Online Sales of Life and Health Insurance in the
US: 2000-2005 (In US$ Billion) (includes corresponding
Graph/Chart) US-370
Opportunities Abound for Small Business US-370
Table 232: Small Office/Home Office Premiums in the US: 2001
& 2005 (In US$ Billions) US-370
Buying Insurance - Online US-371
Table 233: Consumer Preferences for Online Insurance
Purchases in the US (In %)(includes corresponding Graph/
Chart) US-371
Role of Actuaries US-372
Table 234: Actuaries in Insurance & Allied Fields in the US:
1999-2001 (includes corresponding Graph/Chart) US-372
Call Center Expenditures US-373
Table 235: US Insurance Sector Investments in Call Center
Technology: 2000-2005 (In US$ Millions) (includes
corresponding Graph/Chart) US-373
Table 236: US Insurance Investment in Call Centers by
Category: 2000-2005 (In US$ Millions) (includes
corresponding Graph/Chart) US-373

14. Regulatory Overview US-374
National Association of Insurance Commissioners (NAIC) of the US US-374
USA PATRIOT Act - Challenges US-374
Vulnerable Targets US-374
The New Disabilities Act US-374
Proposition 103 Keeps Insurance Rates in Check US-375
Effects of Florida's Insurance Reform US-375
New Property Insurance Legislation in Florida US-376

15. Product Launches in the US US-377
Anthem launches New Insurance Plans for Small Businesses US-377
Aetna Introduces Insurance Products for New and Small Businesses US-377
Precedent Introduces Innovative Health Insurance Plans US-377
Greenbee.com Offers New Pet Insurance Cover US-378
Performance Insurance introduces Low Cost Car Insurance US-378
Vsurance Introduces Pet Boarding Kennel Insurance US-378
Lexington Enhances BioChem Shield(SM) Capacity US-378
Vsurance to Launch Insurance Product for New Pet Owners US-378
Zurich to Introduce Unicover® VI Policy US-378
Allstate Introduces New Landlord Insurance Product in Texas US-379
Texas Mutual to Launch e-Billing System US-379
Hiscox USA to Introduce Allied Healthcare Insurance US-379
RMS to Launch Reinsurance Platform to Transform Portfolio
Risk Management US-379
Darwin Introduces CRLI US-379
Guy Carpenter Introduces SelectCat US-380
XL Insurance Introduces Product Recall Insurance US-380
Farmers Insurance Offers New Auto Insurance Policy US-380
Ben-e-lect Offers New Dental Plan US-380
AIG Launches AIG Passport(SM) US-380
National Insurance Launches New Motorcycle Policy US-380
Humana Unveils New Health Insurance Policies US-381
Anthem Life Rolls Out Resource Advisor™ US-381
Travelers Establishes Catastrophe Bond Program US-381
Health Net Introduces Medicare Plan US-381
John Hancock Annuities Provides Optional Withdrawal Benefit US-381
Humana Launches Affordable Health Care Plans US-381
Golden Eagle Launches Solution for Commercial Businesses US-381
Quadrant's Nursing Home Liability Program Now in Texas US-382
ASPCA Releases New Pet Health Insurance Product US-382
Guardian Life and Health Net Launches Healthcare Policy US-382
American National Introduces New Indexed Annuity US-382
Loyal American Life Unveils New Policy for Baby Boomers US-382
Fort Dearborn Introduces Dental Insurance Program US-382
Squaremouth Launches Fully Customizable Travel Insurance System US-383
USHealth Group Launches Health Insurance Product US-383
USHealth Group Introduces New Fixed-Rate Insurance Scheme US-383
American Specialty Launches a New Health Plan US-383
Blue Cross and Partners Propose the Launch of Oklahoma Chamber
Blue Health Insurance Plan US-384
Meadowbrook Insurance Group Introduces Medical Malpractice
Product US-384
Experian Offers AutoCheck with Buyback Insurance Facility US-384
NeoStem Inc. Introduces "True Life Insurance" US-384
ADN Unveils Novel Insurance Services for UK Auto Dealership
Market US-384
INA offers Auto Insurance Products through Ford Motor Company
Insurance Program US-385

16. Recent Industry Activity in the US US-386
AIG Acquires 21st Century Insurance Group US-386
AmTrust Completes Acquisition of Associated Industries US-386
Euler Hermes Acquires United Mercantile US-386
Fort Dearborn Life Acquires Northstar Life US-386
Rockhill to Acquire RTW US-387
GAINSCO Divests General Agents Insurance Company US-387
SICO USA Acquires Republic Insurance US-387
Hilb Rogal & Hobbs to Acquire BACIA US-387
Unitrin to Divest Unitrin Business Insurance US-388
Liberty Mutual Acquires Ohio Casualty US-388
Tawa to Acquire PXRE Reinsurance Company US-388
Hyperion Acquires International Program Managers US-388
Citi Acquires BISYS' Investment Service Division US-389
J.C. Flowers Acquires BISYS' Retirement and Insurance Service
Division US-389
Franklin Holdings' Subsidiary Acquires James River Group US-389
Allied World Assurance to Take Over Converium Insurance US-389
American Financial Group to Acquire Strategic Comp Holdings US-390
Humana Acquires KMG America US-390
USI Holdings Acquires Treadwell & Harry US-390
The Doctors Company to Acquire SCPIE Holdings US-390
Farmers Insurance Acquires Bristol West Holdings US-391
Coventry Health Care Acquires Certain Mutual of Omaha US-391
W.R. Berkley Acquires American Mining Insurance US-391
Assurant Extends Distribution Pact with Service Corporation US-391
CUNA Mutual Insurance Society to Merge with CUNA Mutual Life
Insurance US-392
CUNA Acquires Stake in Producer's Ag US-392
Endurance Acquires ARMtech US-392
Unitrin's Subsidiary Acquires Merastar US-392
Alleghany Acquires EDC US-393
Great-West Lifeco to Divest Great-West Healthcare Business US-393
Skywire Software and SISTRAN into an Alliance US-393
Darwin to Enter into Strategic Partnership with K&B US-393
Unitrin to Divest UBI to AmTrust US-393
Munich Re to Acquire Midland Company US-394
Western National and Farmers Home Policyholders Support
Merger Plan US-394
CMLIC & CUNA Mutual Insurance Society to Merge US-394
UnitedHealth Group and Sierra Health Services Obtains Merger
Approval from California Department of Insurance US-394
Liberty Mutual Acquires Ohio Casualty US-395
AEGON to Acquire Merrill Lynch Life US-395
Zurich Acquires Bristol West Holdings US-395
Brown & Brown Acquires Independent Insurance Associates US-395
Brown & Brown Acquires Assets of Lloyd US-395
Brown & Brown Acquires Assets of Professional Risk Managers
and PRM Group US-396
Van Gilder & EnRisk to Offer Risk Counsel and Insurance US-396
Brown & Brown Acquires Island Risk Management US-396
Brown & Brown Acquires JPMorgan's Property and Casualty
Insurance Business US-396
Brown & Brown Acquires Dalton's Assets US-396
Brown & Brown Acquires Assets of Security Insurance and
Security Risk Managers US-396
Fidelius Group Acquires Westward Counties US-397
American Wholesale Group to Acquire AEU US-397
Medical Mutual Takes Over Carolina Care Plan US-397
National Financial Teams Up with ING US-397
AIG to Take Over 21st Century Insurance US-397
J.C. Flowers to Buy Stake in Response Insurance US-397
Ameritas to Take Over LifeRe US-397
Liberty Mutual to Buy Ohio Casualty US-398
Alleghany to Acquire Employers Direct Corp. US-398
UnitedHealth Acquires Sierra US-398
TFIA and BancInsure Sign Agreement US-398
Highmark and Independence Blue Cross to Merge US-398
APS Acquires APIE US-398
Farrah Extends Contract with NAIC US-398
Navigators Group Expands Excess Casualty Capacity US-399
Johnson Insurance Takes Over Kaufman/Haum US-399
Watkins Group Buys AIC-Sun Belt US-399
Viking Insurance to Acquire NIA Corp US-399
ASAM Acquires Frontline Agencies of Alabama US-399
Goldman Sachs to Takeover USI Holdings US-399
First American Buys Out Complete Title Services US-399
Houston General to Offer P&C Insurance in Illinois US-399
Zurich Snaps Up Bristol West Holdings US-400
Bank of America to Form JV with Lloyds US-400
QBE Buys Out Winterthur US-400
Mofet to Acquire US Insurance Company US-400
Guaranty Insurance Services Acquires Hilliard Box Insurance US-400
Hanover to Buy Professionals Direct US-400
Wintrust Financial to buyout Broadway Premium Funding Corp US-401
Centene Acquires a Small Stake in Access Health Solutions US-401
Coventry Snaps Up Group Health Company in Nebraska US-401
Gowrie Brett & Young Acquires Fairfield Insurance US-401
Fort Dearborn Purchases Northstar Life Insurance US-401
LTC Completes Acquisition of Gelbwaks Insurance US-401
Wyncrest Group Purchases Southwest Financial Group US-401
Private Capital Management Acquires Security American
Financial Enterprises US-402
SS Nesbitt to Buy ANB Insurance Services US-402
Berkshire Acquires Converium Reinsurance US-402
Medical Mutual Acquires 1st Medical Network US-402
Hanmi Financial Acquires California-Based Firms US-402
AmeriNet Buys Out Insurance Businesses of AllHealth US-402
Old Republic Snaps Construction Program Group US-402
ONEX Takes Over Aon Warranty US-402
American International Snaps Up Arch Insurance US-403
UTG Acquires ACAP US-403
LifeSecure Buys Out Columbia Universal US-403
MultiPlan Acquires Private Healthcare Systems US-403
Aviva Snaps Up AmerUs US-403
State Automobile to Acquire Beacon US-403
Bradford Acquires Best Title & Processing LLC US-403
WL Ross Buys Stake in Blue Ocean US-403
Answer Financial Acquires InsLogic US-403
Intersections Acquires Chartered Marketing US-404
Great American Financial Snaps Up Ceres US-404
The First American Acquires UKValuation US-404
HUB Snaps Up Citizens Clair and Other Firms US-404
Genworth Acquires Continental Life US-404
Christian Fidelity Takes Over Dallas US-404
TPG-Axon Buys Stake in DaVinci ReInsurance US-404
Castlewood Acquires Enstar Group US-404
Manhattan Life Takes Over Family Life US-405
Direct Pet Health to Purchase First Pet Life US-405
HUB Buys Out Fortun Insurance US-405
First Harrison Bank to Divest P&C Business US-405
Life of the South Takes Over American Guaranty Insurance US-405
Pets Best Acquires General Fire's Pets Division US-405
Groupama Buys Stake in Basak US-405
Berkshire Snaps Up Huff Realty US-405
Health Care Service Acquires Highmark's Life and Disability
Business US-406
Alleghany to Purchase Stake in Homesite Group US-406
UnitedHealth Takes Over Student Resources US-406
AmTrust Takes Over Wesco US-406
Grupo Financiero Acquires Stake in Inter National Bank US-406
Brandquest Acquires InsurElec US-406
New York Life Enters into an Agreement with Institutional Capital US-406
Reliance Standard Acquires Integrated DisAbility Resources US-406
Sage Global to Buy JPJ Reinsurance US-406
Brooke Snaps Up Generations Bank US-407
US Energy Holdings Buys Out Lakeside Insurance US-407
CIGNA to Acquire Mid-South Admin Group US-407
American European Group to Acquire Merchants Group US-407
Carlyle Group Acquires MultiPlan US-407
LandAmerica Buys Out Mar-Vel Enterprises US-407
LandAmerica Snaps Up Napa Land US-407
Affordable Residential Communities Acquires NLASCO US-407
Doctors Co to Acquire OHIC Insurance US-407
Universal American Financial Acquires Harmony Health US-408
Securian Financial Snaps Up CNL Financial US-408
Unity Life Acquires Prudential's Arm US-408
Yukon Acquires Peoples Bank US-408
WellPoint Acquires QualChoice US-408
Delek Acquires Republic Cos US-408
Highmark to Buy Risk Based Solutions US-408
Old Republic Takes Over Sentry Abstract US-408
Assurant Snaps Up SAFECO FIS US-408
Medical Mutual Acquires Summit's Health Insurance Business US-409
Murray Insurance Buys Out Lancaster Insurance US-409
Stewart Information Services Acquires The Title Co US-409
Gard Services Snaps Up Trimar Defence US-409
Stewart Information Services Acquires Telluride Mountain Title US-409
Stewart Information Services Acquires Texas State Title US-409
Priority Health to Buy Care Choices US-409
Hartford Divests Omni Insurance Group US-409
Citigroup to Acquire Union de Bancos de Cuscatlan US-409
HALO Acquires Unify's Division US-410
La Capitale Snaps Up UAFC US-410
CIGNA Acquires UnitedHealth's Health Care Divisions US-410
Great Northwest Takes Over Hawaiian Insurance & Guaranty US-410
Principal Financial Group Acquires WM Advisors US-410
Lightyear Capital Purchases Stake in Sirius America US-410
The Capacity Group to Take Over WSIB US-410
NBIS Buys Out Special Risk Services US-410
AIG Takes over Travel Guard Companies US-411
Wagenen and Lee & Mason Signs Distribution Pact US-411
Aviva Acquires AmerUs US-411
Cairnstone Re Completes Acquisition of CapRisk US-411
AJB Ventures Acquires Administrators For the Professions US-411
CPEhr to Compensate for the Closure of PacAdvantage US-411
Health Alliance Plan Acquires CuraNet US-412
Appalachian Underwriters Acquires Assets of US Administrators US-412
TREK Holdings Takes Over American Medical & Life Insurance US-412
Aegon to Buy Clark US-412
Paris Re Holdings Acquires AXA Re's Present Business US-412
Arthur J. Gallagher Takes Over Sobieski & Bradley US-412
Hull & Co Acquires High Country Insurance US-412
Partners Benefit Group Merges With Carey-Neville Insurance US-413
Manufacturers Life Insurance Acquires Pramerica Life US-413
Health Benefits Acquires Insurance Specialist Group US-413
Hilb Rogal to Acquire Zutz Associates US-413
CIGNA Acquires Star HRG US-414
XL RE Life Acquires Servus Life Insurance US-414
Life of the South Acquires Lyndon Southern Insurance US-414
Stewart Acquires Longmont Title Holdings US-414
LandAmerica to Take Over Capital Title Group US-414
Brown & Brown Acquires Benefit Development Group US-415
Beecher Carlson Acquires Cramer & Giles Insurance US-415
BellGroup Acquires McCone Insurance Group US-415
Brown & Brown Takes Over Setser Bill Insurance US-415
ChoicePoint Takes Over Insuratec Inc. US-415
Great Central Appoints Keystone Insurers Group as Distribution
Partner US-415
HCC Insurance Acquires G.B. Kenrick & Associates US-416
ChoicePoint Acquires Certain Assets of ePolicy Inc US-416
Fiserv Takes Over Insurance Wholesalers US-416
Dakin Insurance Agency Acquires Altemeier Oliver and Company US-417
Erie Insurance and Erie Indemnity Acquire Erie Family Life
Insurance US-417
Pan American Acquires Sunland Insurance US-417
Hub International Takes Over Westar Insurance Managers US-417
Stewart Title Insurance Acquires Monroe Title US-418
Willis Group Opens New Office in Spokane US-418
HCC Insurance to Take Over Novia Underwriters US-418
Stewart Title of Detroit Acquires Lapeer County Abstract and
Title Co US-418
Fort Dearborn to Take Over Highmark's Life and Disability
Business US-419
American Modern Insurance to Acquire Southern Pioneer US-419
Berkshire Hathaway Acquires Applied Underwriters US-419
Hellman & Friedman to Acquire Gartmore Investment Management
of UK US-420
Willis Group Forms Alliance with Health Grades US-420
PACEL Acquires Consolidated Services US-420
Unitrin to Initiate Merger of its Two Business Units US-420
Acordia Takes Over the Assets of Bodenhafer US-421
Hilb Rogal to Acquire Thilman & Filippini US-421
Brown & Brown Takes Over Assets of Anderson Group US-421
Swiss Reinsurance Acquires GE Insurance Solutions US-422
USI Holdings Acquires Frederick E. Penn Insurance Agency US-422
Pan American Acquires CPS Sacramento US-422
Risk Placement Services Acquires Lemac & Associates US-423
Security Federal Acquires Collier Jennings Companies US-423
Protective Life Corporation Acquires Stake in Chase Insurance
Group US-423
Arthur J. Gallagher Takes Over S. P. Tarantino Insurance
Brokerage US-423
Hub International Acquires eBenefits Group US-424
Security National Financial Corp Acquires Memorial Insurance US-424
Gallo Insurance Acquires Individual Policy Division of Slaton
Agency US-424
Lincoln National Merges with Jefferson-Pilot US-424
USI Holdings Takes Over Frank Siddons Insurance US-424
Wachovia Corp. Acquires Insurance Brokering Firm US-425
The Doctors Company Takes Over Northwest Physicians US-425
American Wholesale Insurance Group Acquires Web TPA US-425
Eastern Holdings Completes Conversion and Acquisition US-425
Great-West Life to Acquire Select Businesses from Metropolitan
Life US-426
HealthNow Signs Agreement to Acquire Brokerage Concepts US-426
RBC Insurance to Merge Core Insurance Business in United States US-426
Oswald Companies to Acquire Poyle Associates US-427
Mercy MC+ and Community CarePlus Programs Receive Merger Approval US-427
Ameritas Acacia Merges with Union Central Life Insurance Company US-427
Health Net Eyes Universal's Health Insurance Business US-428
Humana Pens Purchase of CHA Health US-428
AssuranceAmerica Acquires Tampa No-Fault US-428
First Acceptance Agrees to Buy the Assets of Insurance Plus US-428
Independence Branching in to Consumer Health Plans Administration US-428
Grupo Security Pockets Inter-Rentas for US$128 Million US-428
Sandy Spring Banks upon Physician Liability Insurance US-428
CBIZ Adds Presence in Construction & Technology Insurance
Brokerage US-428
DFBI Tucks in ED&S US-429
USI Picks up Professional Liability Insurer US-429
Sky Financial Buys Brokerage Firm US-429
Molina to Acquire HCLB and Cape Health Plan US-429
CTG Takes Over Flood Zone US-429
Seattle Financial Purchases Turnure & Associates US-429
AssuranceAmerica Purchases The Insurance Centre US-429
Bollinger Acquires MLW Services US-429
Arthur J Gallagher Purchases Benefit Management Group US-430
Rainier Pacific Acquires Two P&C Insurers US-430
Hallmark Acquires Aerospace Holdings US-430
Motors Insurance Acquires MEEMIC Holdings US-430
Brown & Brown Acquires Axiom Intermediaries US-430
Great American Acquires Fixed Annuity Block from Old Standard US-430
CSSG Acquires American Title Co of Houston, Title Resources
Guaranty and Texas American Title US-430
First Acceptance Acquires Plus and Yale US-430
National Investment Acquires Valley US-431
Kentucky State Introduces New Law to Check Uninsured Drivers US-431
MetLife Acquires Travelers Life US-431
Western and Southern Financial Group Pockets Lafayette US-431
Guaranty Insurance Services Snaps Up Walter Mortensen US-431
Compass Acquires the Assets of Warren Benefits US-431
Brown & Brown Acquires De Arrieta Insurance Agency US-432
First American Signs an Agreement to Acquire Trans Continental US-432
ACE Medical Risk Purchases Renewal Rights to Alternative Risk
Hospital Portfolio of GE Insurance US-432
Hallmark to Acquire PAAC US-432
HCC Completes the Acquisition of Perico US-432
Virgin Group to Enter US Insurance Market US-433
USI Holdings Enters into an Agreement With Patterson Smith US-433
Capital Assurance Corp Acquires Standard Life Insurance Co. US-433
Pacificare Health Acquires Pacific Life's Health Insurance
Business US-433
Adams County Buys Russell Insurance US-433
United National Purchases Penn-America Group US-433
Aegon USA Acquires Global Preferred Re US-433
Brown & Brown Acquires American Specialty Cos US-433
Alfa Corp Acquires Vision Insurance Group US-434
United National Purchases Penn-Independent Corp US-434
HCC Acquires MIC Life Insurance US-434
Health Benefits Direct Corp Joins Darwin Corp. US-434
MIIX Buys MDAdvantage US-434
Ameritas Merges with Union Central Life Insurance US-434
Arthur J Gallagher Acquires Brokerage Professionals US-434
HUB Acquires Impact Insurance Services US-434
Lawson-Hawks Acquires USI's Property and Casualty Business US-434
UnitedHealth Acquires United Medical US-435
HUB Acquires Employee Benefit Specialists Inc US-435
Long Term Care Acquires Nations CareLink US-435
Bankers Warranty Acquires VAC Service Corp US-435
Lindsay Purchases Stake in Alliant Resources US-435
Vulcan Acquires International Catastrophe Insurance US-435
Arthur J Gallagher Acquires Interpacific US-435
Brown & Brown Acquires Timothy R. Downey US-435
Harbor Point Acquires Chubb Re Inc US-435
Goldman Sachs Acquires Allmerica Financial US-435
American International Ups Stake in Richmond Insurance US-436
Health Care Service Takes on Blue Cross & Blue Shield US-436
USI Holdings Acquires HRB Benefits Group US-436
Aetna Acquires HMS Healthcare US-436
Honua Investment Acquires Minority Interest in Sechung Chemical US-436
USI Holdings Acquires Winthrop Insurance US-436
Servco Insurance Purchases Grosseto Marine Insurance US-436
Wachovia Securities Buys Stake in Zenith US-436
NELX Acquires West Virginia Fire & Casualty US-436
Sentry Insurance Acquires Viking Insurance US-437
JC Flowers Jointly Buys Affirmative Insurance US-437
Mercer Insurance Acquires Financial Pacific Insurance US-437
Chicago Title Acquires Service Link US-437
Aurora Inc Acquires Pega Risk Managers US-437
Hull & Co Acquires E & S Brokerage Services US-437
Brown & Brown Acquires AAI US-437
Arthur J Gallagher Acquires Classic Insurance Services US-437
USI Holdings Acquires Humanex Inc., and Richard B. Cross &
Associates US-437
Brown & Brown Acquires BeneTec Inc US-438
Bush Cotton & Scott Acquires Tash Lyle & Jones US-438
Arthur J Gallagher Acquires WorkCare Northwest Inc US-438
MetLife Buys Stake in Mitsui US-438
Darwin National Acquires Ulico Casualty Corp US-438
MetLife Acquires Citigroup's Travelers Life & Annuity Co US-438
Beecher Carlson Acquires Jewett Barton US-438
Farmers Capital & Hamburg Insurance Purchase KHLIC US-438
InterFinancial Holdings Corp Plans to Acquire Drivers
Protection Group US-439
EMLIC to Acquire Eastern Holding US-439
Stewart Title Buys Outstanding Stake in Advance Title Holding US-439
LandAmerica Acquires Century Title Services US-439
OneBeacon Insurance Acquires First Media Insurance US-439
Lawson-Hawks Acquires Dillenback & Lomanto Insurance Agency US-439
Providence Insurance Managers to Acquire PMI US-439
Stewart Sneed Hewes Group Buys Kyzar & Co US-439
Arthur J Gallagher Acquires Marine Insurance Service LLC US-439
NASDAQ Stock Market Inc Acquires Stake in NASDAQ Insurance Agency US-440
Triple-S to Acquire Great American Life US-440
Inviva to Acquire Utica National Life US-440
UnitedHealthcare to Acquire Deere US-440
CAA Acquires USHealth US-440
UnitedHealth Acquires PacifiCare US-440
Farm Bureau to Acquire Crop 1 US-440
Sequel Acquires Stake in Homeowners of America US-440
Sky Financial Acquires Steiner Insurance US-441
Clark Consulting Acquires MedEx US-441
Euclid Insurance to Acquire Environmental Insurance US-441
Humana Inc. Acquires CorpHealth Inc US-441
AmTrust to Acquire Alea US-441
Rockhill Acquires United Coastal Insurance Co US-441
Hallmark to Acquire TGA and Texas General Agency US-441
Forethought to Acquire Non-SCI US Preneed Business US-441
HCC Acquires Illium Insurance US-441
Brown & Brown Acquires Weible & Cahill LLC US-442
LTC Global Acquires Ft Myers Agency US-442
Accident Fund Insurance Acquires United Wisconsin US-442
Wells Fargo Acquires JS Corp US-442
SNFC Acquires Memorial Insurance Co of America US-442
Preferred Care to Unite with MVP Health Care US-442
Goldman Sachs and Blackstone to Acquire UICI US-442
Brown & Brown Acquires Nichols & Associates US-442
Navigators Group Acquires Lloyds Syndicate 1221 US-442
IAT Reinsurance Acquires US Insurance Businesses of SIRVA US-443
Oswald Cos Picks Up J A Ice & Associates US-443
Harbor Point Acquires Chubb Re US-443
Acordia Acquires Somerton Student Insurance Services US-443
USI Holdings Acquires Dascit/White & Winston US-443
National Interstate Insurance Acquires Triumphe Casualty US-443
Aero Insurance Merges with AirSure Ltd US-443
Three Insurance Companies Merge to Form Securance Group US-443
Kingsway Financial Acquires HI Holdings US-443
NASDAQ Stock Market to Acquire Carpenter Moore Insurance Services US-444
J C Flowers & Co Acquires Crump Group US-444
The Doctors Co to Acquire Northwest Physicians US-444
TD Banknorth Acquires Boothby & Bartlett Company US-444
Inviva to Acquire Utica National Life Insurance US-444
Renaissance to Acquire Central National US-444
HIP to Acquire The PerfectHealth Insurance US-444
BlueCross BlueShield to Acquire Gordian Health Solutions US-444
Preferred Care Pens an Agreement with MVP Health Care US-444
ProCentury Acquires Firemans Fund Insurance US-445
SafeGuard Health Acquires General Electric's Dental & Health
Maintenance Business US-445
Hellman and Friedman Jointly Acquires St. Paul Travelers US-445
Stewart Acquires Central Title LLC US-445
Fidelity Pockets STG Associates US-445
CapTech to Take Over Your Title Choice US-445
FMT Purchases First Montana Title Co US-445
Stewart Acquires Moritz Title Co US-445
Silverado Acquires Stake in Liberty Settlement Services US-445
Cardiff Acquires Industrial Underwriters Insurance Co. US-445
Comprehensive Unites with IBI Benefits Inc. US-446
American Financial to Takeover Farmers Crop Insurance Alliance
Inc. US-446
Wells Fargo Acquires JS Crop Insurance, Inc. US-446
Hicks Muse Acquires Swett & Crawford Group US-446
Brown & Brown Acquires Sleeping Giant Agency Inc. US-446
Security National Acquires Memorial Insurance Co. of America US-446
Equus Acquires 1st Metro Insurance US-446
CSI Acquires ComSearch Inc US-446
Tower to Takeover MIIX Insurance US-446
HUB Acquires Blanchard Insurance Inc. US-446
National Investment Acquires Haddon Strategic Alliances Inc. US-447
HUB Purchases Kline Transportation Insurance US-447
Balco Acquires Barkley Associates LLC US-447
Aon Corp. Acquires Lenzi Broker Assicurazioni SRL US-447
QBE Purchases National Farmers US-447
BB&T Acquires Vista Insurance Partners Inc. US-447
Commerce Bancorp Pens to Acquire BK International US-447
First Niagara Acquires Hatch Leonard Naples Inc. US-447
American Television Acquires First Pet Life Inc. US-447
Affirmative Acquires IPA LLC US-448
Strategic Health Associates to Take Over GroupLink US-448
Brown & Brown Acquires US Risk Insurance Group Inc's
Governmental Program Division US-448
Hilb Rogal Purchases Doherty US-448
Trident III LP Acquires Majority Stake in ZC Sterling Corp. US-448
Arthur Purchases Alternative Market Specialists US-448
Rebsamen Insurance Acquires Galbreath Insurance Agency US-448
Wood Acquires Adams & Porter Brasil US-448
Berkshire to Acquire Medical Protective Corp. US-448
White Purchases First Media US-448
Stewart Acquires Abstract & Title US-449
Access Insurance Acquires Century American US-449
Beneficial Insurance Services Acquires Paul Hertel & Co. US-449
First Niagara Signs Agreement with LA Lama US-449
Capital One Financial Acquires InsLogic US-449
Sentry Insurance a Mutual Company Acquires ALF Insurance Agency US-449
Bridge Street Enters Into an Agreement with Ladd US-449
Tower Group Inks Agreement with American Lumber Insurance US-449
National Penn Acquires Krombolz US-450
S&T Bank Acquires Cowher Nehrig & Co. US-450
Brown & Brown Acquires Hull & Co. US-450
Neace Lukens Acquires Integrity Insurance Agency US-450
Hilb Rogal Acquires Ed Murray & Sons US-450
Arthur Acquires Marine Insurance US-450
International Insurance Brokers Enters into Agreement with
Team Bank US-450
Hilb Rogal Acquires True Benchmark US-450
Brown & Brown Acquires USI Holdings US-451
American Wholesale Insurance Enters into Agreement to Acquire
Stewart Smith US-451
Brown & Brown Acquires Emerald Benefits US-451
Equus Acquires Dunnottar US-451
Firemans Acquires International Film Guarantors US-451
S&T Bancorp, Inc. Acquires Bennett Associates, Inc. US-451
Brown & Brown Acquires Assets of ECC US-451
Willis Group Enters into an Agreement with Primary US-451
MEM Acquires Integrity Research US-452
Savage & Associates Acquires Christie Financial Services US-452
CBIP Acquires Salem Insurance US-452
AssuranceAmerica Acquires Cannon Insurance Agency US-452
Beech Street Corp Acquires BestCare Inc. US-452
ConnectedCare Acquires Bay Benefits LLC US-452
Insurers Administrative and Independence Acquire majority
interest in Health Plan US-452
NASDAQ Snaps up Carpenter Moore US-452
Stewart Information Acquires Burnt Store US-453
Stewart Title Acquires Jackson Kahl US-453
Stewart Information Acquires Midwest Title US-453
Stewart Acquires Pine Island Title Insurance US-453
First American Title Acquires United General Financial Services US-453
ProAssurance to Take Over NCRIC US-453
PIC Wisconsin Merges with ProAssurance US-453
Octagon Risk Services Acquires Managed Care Holdings Corp. US-454
Jubilee Managing Acquires Cassidy Davis US-454
GoldK Acquires Retirement Plan Co US-454
Cypress Merges with Arrowhead US-454
MetLife to acquire SK Life Insurance US-454
Gallagher Merges Reinsurance Brokerage Subsidiaries US-454
Strategy International to Acquire RS Group US-454
Jefferson-Pilot Corp. Eyes Merger with Lincoln National Corp US-455
The South Financial Acquires Lossing Insurance US-455
Blue Cross Merges with HCSC US-455
Willis Group Acquires International Insurance Brokers US-455
Alliance Bank Acquires Insurance Agency US-455
SMS Inc. Announces Merger with Insuractive, Inc. US-456
Tompkins Trustco. Signs an Agreement to Acquire AM&M US-456
WellPoint to Buy WellChoice US-456
S&T Bank Pens an Agreement to Acquire Holsinger US-456
HNB Signs an Agreement to Acquire Cornerstone Companies US-456
Prudential to Buy Lincoln National US-456
WellPoint Combines Health Insurance Subsidiaries to Form UniCare US-456
FNIA Acquires Penn Group US-457
BIG Acquires Two Insurance Agencies US-457
Enterprise Financial Completes Acquisition of Millennium
Brokerage US-457
United America Integrates Penn America's Operations US-457
FFL and H&F Snap up CATRisk Operation US-458
FPA Enters Inks an LOI to Acquire IBC US-458
Sentry Insurance to Bequeath Massachusetts Auto Market US-458
SIGI Divests Subsidiary for Over US$15 million US-458
GE Insurance Solutions Offloads Reinsurance US-458
AmWINS Wraps up Divestiture of Stake to Parthenon Capital US-459
Aon Sells Swett & Crawford US-459
JPMorgan to Sell its Insurance Unit US-459
ProAssurance to Divest Insurance Operations to MIC US-459
GAIC Puts up Stake in Cincinnati Reds for Sale US-459
Aon Plans to Divest its Credit Insurance Business US-459
RenaissanceRe to Sell Equity Stake in Platinum US-460
Frontier Insurance Group Files for Liquidation US-460
CBSS Takes Over Sevier Insurance Agency US-460
Credit Insurance Consultants Acquires Credit Insurance Brokers US-460
Manulife Merges with John Hancock US-460
Anthem Merges with WellPoint US-460
Tompkins Purchases Banfield & Associates US-461
Prudential Life Buys Aoba Life US-461
Security National Hikes Stake in Southern Security US-461
BB&T Insurance Acquires Wall & Shonter Insurance US-461
Lovelace Buys Cimarron Health Plan US-461
Protective Underwriting, Wand and Inverness Acquire American
Independent US-461
Capital Partners and Heads & Threads Acquire Alleghany Corp US-461
Lawyers Title Insurance Acquires Two Companies US-461
First American Corp. Going Big on Title Insurance Acquisitions US-461
Stewart Title Makes Key Purchases in Title Insurance US-462
Union Bank of California Acquires CNA Trust US-462
PE Acquisition Corp Acquires Presidio Excess Insurance Services US-462
Cowan Benefit Acquires Group Insurance Consultants US-462
Rose & Kiernan Acquires The Daniels Agency US-462
Trident Insurance Acquires US Risk US-462
Protective Underwriting Purchases Arch's Auto Insurance Business US-462
Marsh Acquires Hinckley Marine Insurance US-462
USI Holdings Acquires Dodge Warren & Peters US-463
Coface Establishes New Insurance Company US-463
IBM Forays into Insurance BPO Sector With Acquisition of LIS US-463
Nationwide to Foray into Utah Market US-463
USI Holdings Acquires Future Planning Associates US-463
Alliant Resources Acquires Benefit Partners US-463
Citizens Insurance Acquires Security Plan Life Insurance US-464
Minnesota Life Enters into a Purchase Agreement with Allied
Solutions US-464
Lusitania Acquires Insurance Business of Genesis MetLife US-464
USI Holdings Acquires Diversified Insurance Services US-464
Wescom Credit Union Acquires Hallmark Associates Insurance
Services US-464
BB&T Insurance Services to Acquire Wall & Shonter Insurance US-464
Brown & Brown Acquires Insurance Marketing Group, LLC US-464
COUNTRY Insurance & Financial Services to Acquire MSI
Insurance Co US-464
Brown & Brown Acquires Risk And Insurance Consulting and
Barker Heslip US-464
Hancock Bank Acquires Ross-King-Walker US-465
USI Holdings Acquires Benefit Partners of America US-465
USI Holdings Acquires Bertholon-Rowland US-465
Fort Dearborn Acquires Combined Services US-465
Ohio National Life Insurance Acquires Security Mutual Life
Insurance US-465
USI Holdings Acquires Summit Global Partners US-465
Wellington Underwriting Acquires Surplus Lines Insurance US-466
FAT Acquires MTA US-466
UnitedHealth Acquires Advana US-466
RCIC Proposes to Acquire HIG's Crop Insurance Business US-466
Arkansas and BlueShield of Florida Enter into Agreement to Merge US-466
Wm Rigg Acquires Webber US-466
Hartland Insurance Acquires Bosquett US-466
IMG Travel Acquires Assets of GMC US-466
Humana Acquires CarePlus Health Plan US-467
Brown & Brown Acquires Balcones-Southwest US-467
Hilb Rogal & Hamilton Acquires Banack Insurance US-467
Acordia Acquires Baldwin & Whitney US-467
ENB Insurance Acquires Ulrich US-467
Brown & Brown, Inc. Acquires Waldor Agency US-467
Brown & Brown Acquires CWC Managing Insurance and
International E & S US-467
National Penn Bancshares Acquires D.E. Love Associates US-467
Brown & Brown Acquires Doyle Consulting and Doyle Consulting
of New Jersey US-468
Banknorth Group to Acquire Drake, Swan & Crocker Insurance Agency US-468
Milne Scali & Co Acquires Finkbeiner Agency US-468
Brown & Brown Acquires Hardin & Wilson US-468
Arthur J. Gallagher & Co Acquires Johnsey Insurance Agency US-468
Brown & Brown Acquires Pashley Agency US-468
Brown & Brown Acquires Title Pac and PayEase Financial LLC US-468
Brown & Brown Acquires Powers Agency US-468
Brown & Brown Acquires Proctor Homer Warren US-469
Brown & Brown Acquires Blumberg Associates US-469
Brown & Brown Acquires CF Lake US-469
Hilb Rogal Acquires Casey Wolfe US-469
Brown & Brown Acquires Chapman Simmons Agency and Professional
Surety Services US-469
HCC Insurance Acquires cineFinance US-469
Hilb Rogal Acquires Smith Bell & Thompson US-469
Brown & Brown Acquires Statfeld Vantage Insurance US-470
Swanson Acquires Dime Insurance US-470
Fidelity Insurance Acquires ACT Action Insurance US-470
Goldman Sachs Acquires Endurance Specialty US-470
Direct Insurance Agrees to Acquire AII US-470
Arthur Acquires Burch Marcus US-470
Senn Dunn Acquires Corpening Insurance Center US-470
Sutter to Acquire FLF US-471
Univest Agrees to Acquire Donald US-471
Stanton Acquires Harris-Homeyer US-471
Milne Scali Acquires IAS US-471
MMI Acquires Certain Operations of Liberty Mutual Group US-471
Lawley-Andolina LLC Acquires Luellen Insurance US-471
Brown & Brown Acquires Assets of Manchester Insurance Agency US-471
United National Group Ltd, to Acquire Penn Independent Corp US-472
Milne Scali Acquires Assets of Richard Q Perry US-472
Arthur J Gallagher Acquires Persac Insurance Agency US-472
Hilb Acquires Assets of Rose Smith Tucker US-472
FCB Acquires Smith & Associates US-472
Temple-Inland Acquires TCT Insurance US-472
CJD & Associates Acquire Texas All Risk US-473
Endurance Reinsurance to Acquire Assets of XL Reinsurance US-473
Capital Z Acquires PGH US-473
CFC Enters into an Agreement to acquire Fear & Fear US-473
Arthur J. Gallagher Acquires B&P International Insurance US-473
Hilb Rogal & Hobbs Co Acquires Insurance Services US-473
Hilb Rogal Acquires Surplus Ltd. US-474
Hilb Rogal Acquires TJ Adams Group US-474
The First American Acquires Baker Brinkley & Pierce US-474
Arthur J. Gallagher Acquires the Assets of Benefitport Northwest US-474
Addison York Acquires the Assets of Al Vinciguerra US-474
Protective Underwriting Enters into an Agreement with Arch
Capital US-474
Aon Jauch & Huebener Acquires ATS Assekuranz US-474
MetLife Acquires Stake in Banco del Estado US-475
Scandent Acquires Stake in Cambridge Integrated Services US-475
CFC Bank Enters into Acquisition Agreement with American Life US-475
Business Venture Enters into Agreement to Acquire Stake in Aon
South US-475
Assurance America Acquires Thomas-Cook Holding US-475
First Financial Bancorp Acquires White & Havens US-475
Gateway Insurance Services Acquires Whitehurst US-475
Delaware Valley Acquires Zimmerman Specialty Insurance
Brokerage Inc US-475
American Management Acquires Embassy Insurance and Cargill
Sherman US-475
GNW Insurance Services LLC to Acquire Evergreen Insurance
Services US-476
Acordia Acquires Feeney Durler West Insurance Services LLC US-476
Trustmark Investment Advisors Acquires Fisher-Brown US-476
Hilb Rogal & Hobbs Co Acquires Frank F. Haack & Associates US-476
Alliant Resources Group Acquires Gaddy Ward & Co US-476
Arthur J Gallagher & Co Acquires Health Care Insurers US-476
Arthur J Gallagher & Co Acquires I. Arthur Yanoff & Co Ltd US-476
KMG America to Acquire Kanawha Insurance Co US-477
Arthur J Gallagher & Co Acquires Don Laster Agency US-477
Arthur J Gallagher Acquires balance fifty percent of Risk
Management Partners US-477
Barresi Financial Acquires Murch & Dyer Associates US-477
Campbell & Associates Acquires North Insurance Brokerage US-477
Alaska USA Federal Credit Union to Acquire Ribelin Lowell
Insurance Brokers US-477
Brown & Brown Acquires Robert Wiita, Tribal Benefits, and
Wiita Insurance US-477
Stahl & Associates Insurance Acquires Tampa operations of
Rogers Atkins Gunter US-477
Popular Insurance Acquires J Argomaniz & Associates US-478
Kibble & Prentice Acquires BGI Inc US-478
Brown & Brown Acquires Gregory Brown US-478
American Management Acquires Cargill Sherman & Associates and
Embassy Insurance Group US-478
Woronoco Bancorp Acquires The Colton Agency US-478
Community First Insurance Agencies Acquires Shepherd Insurance
Agency US-478
Arthur J Gallagher Acquires Specialty Advisory Services US-479
Senn Dunn Acquires Sterling Financial Services US-479
QualSure Holding Acquires Sunshine State Insurance US-479
Hilb Rogal Acquires The Federau Group US-479
AllHealth Acquires The Holland Co US-479
Frost Insurance Acquires The Sammons Group US-479
Arthur Acquires OBrien US-479
American Wholesale Acquires Property Risk US-480
BenefitMall Acquires Colorado Group US-480
LandAmerica Acquires Apache Title and Trust US-480
FAC Acquires Bayshore US-480
Lawyers Title Acquires Channel Islands US-480
American Title Acquires Chelsea Title US-480
LandAmerica Acquires Closing Co US-480
FAT Acquires Columbian National Title Insurance Co US-481
Stewart Title Acquires Cuesta Title US-481
First Title Acquires Enact Conveyancing US-481
FAT Acquires First American Title Co Of Marin US-481
Stewart Title Acquires First American Title Co of Southern
Colorado US-481
STC Acquires Homeowners Closing Services US-481
First American Title Insurance Co Acquires Island Title Corp US-481
Lawyers Title Insurance Corp Acquires Lawyers Title Agency of
North Florida Inc US-481
First American Title Insurance Co Acquires Public Abstract Corp US-482
First American Title Insurance Co Acquires Safeco Land Title
of Forth Worth US-482
Stewart Title Co to Acquire Santa Cruz Title Co US-482
Stewart Title Co Acquires Security Title of Billings US-482
Stewart Title Co Acquires Stewart Title of Pueblo Inc US-482
The First American Corp to Acquire TA Holdings Inc US-482
LandAmerica Financial Group Inc Acquires Taos Title Inc US-482
Stewart Title Co Acquires Title Associates Inc US-483
LandAmerica Financial Group Inc Acquires Universal Title
Services Inc US-483
First American Title Insurance Co Acquires Western Pioneer
Title Co US-483
Stewart Title Co Acquires Whitman County Title US-483
First American Title Insurance Acquires Northwest Title US-483
LandAmerica Acquires Buyers/Best US-483
POMCO Acquires HRH Risk Management US-483
BISYS Group Acquires Uhlemeyer US-483
Eye Care International Acquires Self Funded Alternatives US-483
First Mainstreet Insurance Group Acquires Value Quote Insurance US-483
Quadrant Acquires Majority Stake in US RE Cos US-483
Delaware Valley Acquires Zimmerman Specialty Insurance
Brokerage Inc US-483
American Management Acquires Embassy Insurance and Cargill
Sherman US-484
Primary Group Acquires Site Inspections US-484
Strategy International Enters into an Agreement to Acquire RS
Group US-484
Advent International Acquires Stake in J Malucelli US-484
Hub International Acquires Bush Cotton US-484
HCC Insurance to Acquire Stake in Demontfort US-484
JumpStart Acquires Stake in Cleverland Holdings US-484
Community First Acquires Arnold & Arnold US-485
Maryland Insurance Takes Over Mutual Fire Insurance US-485
Jack Henry Acquires Banc Insurance US-485
Peoples Insurance Acquires Barengo Insurance US-485
Assurance America Acquires Thomas-Cook Holding US-485
First Western Trust Bank Acquires Westcor Insurance Group US-485
Sandy Spring Insurance Acquires Sandy Spring Bancorp Inc. US-485
North American Group Acquires Commercial Insurance Service US-485
Bailey Insurance Agency Acquires Gooder Agency US-486
CJ McCarthy Acquires Lyman Insurance and Conly- Lyman Insurance US-486
BB&T Insurance Services to Acquire D & Ls LLC US-486
Newtek Business Services Acquires Vistar Insurance Services US-486
Sitzmann Morris & Lavis Acquires James J Barnes Insurance
Services US-486
Certified Services Acquires Kenneth I Tobey US-486
ebix.com Acquires Lifelink Corp US-486
SIRVA Acquires Move-Pak US-486
Peoples Insurance Agency to Acquire Putnam Agency US-487
Health Care Service Acquires Omaha Life Insurance US-487
Bankers Insurance Acquires Cabell Insurance US-487
Glens Falls National Bank Acquires Capital Financial Group US-487
American Management Acquires Cargill Sherman & Associates and
Embassy Insurance Group US-487
Northeast Financial Services Acquires Sargent Insurance Agency US-487
Sky Financial Group Acquires Spencer-Patterson Agency US-487
CI Sells Cars Acquires Strategy Holding US-488
AssuranceAmerica Acquires The Insurance Market US-488
Frost Insurance Acquires The Sammons Group US-488
Nobilas to Acquire Aon Motor US-488
HIC Acquires Payne & Co Insurance Brokers, Inc. US-488
National Penn Acquires Pennsurance US-488
Brunswick Acquires assets of MIW US-488
Strategy International Enters into an Agreement to Acquire RS
Group US-489
Ward-US Risk Acquires Subro Net, Spectrum Managed Care and
Ward North America US-489
Liberty Mutual Insurance Group Acquires AGF Allianz US-489
Hub International Acquires B & DA Weisburger US-489
Swiss Reinsurance Acquires Valley Forge Life Insurance US-489
Crawley Warren Acquires International Space Brokers US-490
Jefferson-Pilot Acquires Canada Life Assurance US-490
Niagara National Inc Acquires Hauser Ortolano Agency US-490
Devlin Group LLC Acquires Forethought Financial Services US-490
First Financial Holdings Acquires Kimbrell US-491
Aon Corp. Acquires Assural BV US-491
Fortis Acquires Seguros Genesis Metlife US-491
Quotesmith.com Acquires Life Quotes US-491
FNB Corp Acquires Morrel Butz & Junker US-491
Arthur J Gallagher Acquires Sheridan Insurance Group US-491
Brown & Brown Acquires Niagara Insurance Group US-492
Swiss Medical Group Acquires Principal Retiro and Principal Life US-492
Anthem Acquires Towarzystwo Ubezpieczen na Zycie Royal PBK SA US-492
Hub International Acquires Talbot Financial Unit US-492
Summit Financial Group Acquires Sager Insurance Agency US-493
Wells Fargo Acquires Speare & Co. US-493
Brown & Brown Acquires The McDuffee Insurance Agency US-493
Frontenac Acquires WNC Insurance Services Inc. US-493
BlueCross BlueShield Acquires USAble Life US-493
Ceridian Acquires Cigna Healthcare and Cobra US-493
UnitedHealth Group Acquires Fidelity Insurance Group US-494
Eye Care International Acquires LBI Brokerage LLC US-494
HealthExtras Acquires Managed Healthcare Systems Inc. US-494
White Mountains and Berkshire Hathaway Acquire Life Insurance
and Investment-Management Arm of Safeco Corp US-494
Jenkins Athens Group Acquires Seibert Insurance Services US-494
Private Healthcare Systems Acquires Statewide Independent PPO US-495
HIP Health Plan Acquires Connecticare US-495
Ipacq Holdings Inc Acquires The Chandler Group of Cos. US-495
First Place Financial Corp Acquires Weigel Lackey & Ross
Insurance US-495
Enstar Group Inc Acquires Turegum Insurance Co US-495
PacifiCare Health Systems Inc Acquires American Medical
Security Group US-496
MultiPlan Acquires US Health US-496
First Health Group Corp. Acquires COMP Medical US-496
UnitedHealth Group Acquires Definity Health US-496
Sky Financial Group Acquires EOB US-497
Molina Healthcare Acquires Health Care Horizons US-497
Universal American Financial Acquires Heritage Health Systems US-497
Advent and Conning Acquires Long Term Care Group US-497
Straus Capital Group Inc Acquires MMM Healthcare US-497
United American Healthcare Acquires Omnicare Health Plan US-498
UnitedHealth Group Acquires Oxford Health Plans US-498
UnitedHealth Group Acquires Health Maintenance Organization US-498
Centene Plans to Acquire FirstGuard US-498
Standard Management Plans to Acquire SVS Vision Holding US-498
Ardent Health Services Plans to Acquire Cimarron Health Plan US-499
Coventry Health Care to Acquire First Health Group US-499
University Health Care Plans to Acquire Unity Health Plans
Insurance US-499
Aetna Acquires Strategic Resource US-499
CMI Management Team Plans to Acquire CompManagement US-499
Americans Physicians Capital Plans to Acquire Physicians
Insurance Co. of Wisconsin, Inc US-500
Eye Care International Plans to Acquire N-CAM US-500
PacifiCare Health Plans to Acquire Group Health Business of
Pacific Life Insurance Group US-500
KRG Capital Partners LLS Plans to Acquire PPOM LLC US-500
HIG Holdings Plans to Acquire American Founders Financial Corp US-501
IBM Plans to Acquire Liberty Insurance Services Corp US-501
MetLife Plans to Acquire Soma Seguradora SA US-501
Encore Bank Plans to Acquire Town & Country Insurance Agency Inc US-501
White Mountains Insurance Group Plans to Acquire Tryg-Baltica
Forsikring US-501
Wisdom International Corp. Plans to Acquire International
Reinsurance US-502
Overseas Partners Sells Reinsurance Company to Odyssey US-502
Unity Life of Canada Plans to Acquire Superior Life Insurance US-502
The Carlyle Group and Prudential Group Plans to Acquire Stake
in China Pacific US-502
Lincoln Insurance Group to Merge with Security Mutual Life
Nebraska Holding Co US-502

17. Strategic Corporate Developments in Recent Past US-503
St. Paul to Merge with Travelers US-503
Universal American Acquires Pyramid Life US-503
Hilb Rogal & Hamilton Acquire Freberg Group US-503
Liberty Mutual Acquires Winterthur Pensoes US-503
Fidelity National Acquires Outstanding Shares of American
National US-503
COUNTRY Acquires Cotton Life US-503
Swiss Medical Acquires MassLife US-503
White Mountains Acquires Sierra Health's California Indemnity US-504
Elecktra Mexico Acquires Cigna Seguros SA US-504
Wells Fargo Acquires Malenas Insurance US-504
Scottish Re Acquires ERC Life Reinsurance Corp. US-504
Dawson Insurance Acquires Halvorson Insurance US-504
Clark Consulting Acquires Executive Benefit Solutions US-504
Leesport Acquires CrosStates US-504
MetLife Acquires Allianz AG's US Operations US-504
HIAA Merges with AAHP US-504
AXA Acquires Mony Group US-505
Acordia Acquires Goodritz Emanuel US-505
Willis Group Acquires Scott Tucker Insurance US-505
Liberty Seguros Acquires Seguros Genesis MetLife SA US-505
NGL Acquires PHMLIC US-505
Community Bank Acquires YIP US-505
MetLife Acquires JHLIC's Group Life Insurance Business US-505
B&C Acquires Augusta Operations of Palmer & Cay US-505
CFI Acquires KIS US-506
Phoenix Acquires PFG Holdings US-506
BankcorpSouth Acquires WMS LLC US-506
KCL Acquires GuideOne Group US-506
EMC Merges with National Travelers Life Co US-506
Hub International Purchases Waldron US-506
Grupo Bal Buys 40% Stake in GNP US-506
SLC Acquires SGLIC US-506
John Hancock Acquires Fixed Universal Life Insurance Business
of AFC US-506
HSBC Latin America BV Buys 40% Stake in HSBC Salud SA US-506
BankNorth Purchases B&D US-507
R&K Merges with Albany Health Associates US-507
IHC Acquires FNFG US-507
Webster Purchases M&M Co US-507
Centene Corp. Purchases Assets of MHP's Subsidiary US-507
Clarion Capital Buys US Nursing Corp. US-507
MED America Purchases ERC's Long Term Care Group, Inc. US-507
River James Group Acquires FESIC US-507
WellPoint Acquires Cobalt Corp. US-507
Choice Administrators Buys BenefitsAlliance US-508
HFSG Acquires Group Benefits Business of CNA US-508
B&B Purchases E&M Underwriters Inc. US-508
BISYS Acquires USA Insurance US-508
Donegal Group Purchases Stock of Peninsula Insurance Co. US-508
Cardif Acquires FALIC US-508
PMI Mortgage Buys the UK Lenders Mortgage Insurance Business
of R&S US-508
FCIS Purchases Piedmont Insurance US-508
Donegal Group Acquires Le Mars US-508
ONB Acquires IRM US-509
Greater Bay Takes Over Sullivan & Curtis Insurance Brokers US-509
Alleghany Corp. Buys Royal Specialty Underwriting Inc US-509
B&B Purchases Assets of BHI US-509
LMG Acquires US P&C Operations from Prudential US-509
PSIMC Buys Prudential P&C Insurance Co of New Jersey US-509
ESHL Purchases Reinsurance Business of HartRe Co LLC US-509
ONB Acquires JWIAI US-509
NMIC Purchases THI Holdings Inc. US-510
Wm Rigg Co Buys Assets of RLIAI US-510
B&B Acquires the Assets of ESIEI US-510
Fox & Paine Co LLC Buys UNGL US-510
Compass Bancshares Inc Acquires MMT US-510
IBC Buys Mepco Insurance US-510
RIG Purchases Great American's Worldwide Insurance Co US-510
HCC Insurance Buys Surety Associates US-510
BB&T Corp Acquires Mc Griff S&W US-510
Willis Group Purchases CBIS US-511
B&B Purchases Bailey Gosling Associates US-511
Zurich North America Canada Divests its Subsidiary US-511
First Financial Acquires Woodruff & Co Inc US-511
First American Title Acquires Pacific Northwest US-511
First American Title Takes Over Metropolitan Title Co US-511
LandAmerica Acquires Gateway Title Co US-511
Fidelity National Purchases American Pioneer US-511
First American Title Acquires Allegiance Title US-511
CBC Cos Inc Buys Advantage Equity Services Inc US-512
Stewart Title Acquires Alliance Title US-512
LandAmerica Purchases New York Land Services US-512
PKO Bank Polski Buys 50% Stake in PKO Handlowy PTE US-512
MLC Ltd. Acquires Plum Financial US-512
Banco Santander Buys 20% Stake in Grupo Origenes US-512
Oriental Financial Acquires Caribbean Pension Consultants US-512
St. Paul Merges with Travelers Property Casualty Corp. US-512
USI Holdings Buys Benefits Team US-512
Met Life Grabs TIAA-CREF's Long Term Care Insurance Business US-513
Prudential Pockets CIGNA Corp.'s Retirement Planning Business US-513
Gallagher & Co Purchase National Insurance Professionals Corp US-513
B&B Buys Business Benefits Group, Benefit Resource, and
Benefit Resource of Indiana US-513
USI Holdings Acquires BMI Insurance Services US-513
CFI Buys Summit Insurance Group US-513
Hub International Ltd. Acquires CIA US-513
Regions Financial Acquires Merchants Insurance Services US-513
Willis Group Purchases River City Agency US-513
Acordia Snaps Up Wisenberg Insurance US-513
B&B Buys Hoffman Co. US-514
Acordia Acquires RMC2 LLC US-514
First Niagara Acquires Costello Dreher and Loomis & Co US-514
AIG Acquires GE Edison and the US Auto & Home Insurance
Business of GE US-514
BIESG Takes Over Landau Financial Services US-514
USI Holdings Buys Hastings Tapley US-514
Cunningham Lindsey Acquires RSKCo Services US-514
Buckner Group Buys H&A US-514
Compass Bancshares Purchase Mueller & Associates US-514
Budget Group Divests Insurance Business US-515
Zurich Life Divests Life Insurance Business to Bank One US-515
RBC Commences Travel Insurance Business in US Market US-515
Selective Insurance Group Calls Off Bid to acquire Flood
Insurance Business of Seibels Bruce Group US-515
UICI Acquires Star Human Resources Group and Star
Administrative Services US-515
ANB Expands Agency Operations in Alabama and Florida with Twin
Acquisitions US-515
Argonaut Acquires Fulcrum Insurance Co. US-516
Zions Acquires Grant-Hatch & Associates US-516
Hub International Buys Warner Associates US-516
Old National Bancorp Buys Terrill Group US-516
FNB Corp. Acquires Harry Blackwood US-516
Prudential Expands in Mexico by Acquiring IXE's Stake in Afore
XXI US-516
Employers Insurance Co. of Nevada Acquires Fremont
Compensation Insurance Group US-517
BB&T Acquires Regional Financial Corp US-517
Waypoint Financial Acquires Two Insurance Companies US-517
Hancock Holding Co. Acquires Stake in Financial Group US-517
MVP Health Care Acquires Update Administrative Services US-517
BB&T Corp. Acquires Hunt, DuPree, Rhine and Associates US-518
Alliant Resources Group Acquires Kelter-Thorner US-518
Instant Insurance Acquires Drivers' Choice Insurance Services US-518
Pension Benefit Guaranty Corp. Buys Reliance's Pension Plan US-518
First Federal Savings Bank Acquires Stake in Exchange
Underwriters US-518
Management Group Repurchases J. Rolfe Davis Insurance Agency US-518
Susquehanna Bancshares Acquires Addis Group US-519
Hilb, Rogal & Hamilton Acquires Companies US-519
Hilb, Rogal & Hamilton Acquires InsurMark Group US-519
SouthGroup Insurance & Financial Services Formed Through Merger US-519
WellPoint Health Networks Buys Out Subsidiaries of Methodist
Health Care Systems US-519
Brown & Brown Purchases RAI of Oklahoma US-520
Cal-Surance Associates Acquires Gail H. Murrell Insurance Agency US-520
Alleghany Acquires Capitol Transamerica US-520
First Tennessee National Buys Out Synaxis Group US-520
Hilb, Rogal & Hamilton Acquires Mckane Morgan & Associates US-520
Transnation Title Insurance Acquires Premier Title Agency US-520
Stewart Title Acquires Majority Stake in San Juan Abstract US-521
Brown & Brown Acquires Sestito Insurance Agency US-521
Fortis Acquires Dental Benefits Division of Protective Life US-521
Compass Bancshares Acquires Horizons Insurance Group US-521
Dill Joyce and Thresher, and Wertheim-Eilers Merge US-521
Max Re Acquires Stake in DaVinci Re Holdings US-521
Quotesmith.com Acquires Selected Assets of Insurance News
Network LLC US-522
Trinity Universal Insurance Acquires Kemper's Personal
Property/Casualty US-522
Insurance Business US-522
Hibernia Acquires Friedler-LaRocca US-522
Frost Insurance Agency Acquires Jentsch Financial Group US-522
Brown & Brown on an Acquisition Spree US-522
BNC Corp Acquires Milne Scali & Co. US-523
Kingsway Acquires American County US-523
Anthem Acquires Trigon Healthcare US-523
Brown & Brown Acquires Insurance Companies US-523
Employees of Ross and Yerger Acquire the Company US-523
First Wilshire Securities Management Acquires Stake in United
American Healthcare US-524
Bisys Group Acquires Hanleigh Cos US-524
Security Mutual Life Insurance and Ohio National Financial
Services Acquire First ING Life Insurance US-524
Regence BlueCross BlueShield Opens New Service Center in Medford US-524
Acordia Establishes Reinsurance Brokerage Division US-525
Stewart Information Services Establishes Subsidiary in Mexico US-525
XL Capital Assurance Establishes New Subsidiary in the UK US-525
Insurance Revolution Launches Second Subsidiary US-525
Crawford Opens Office in New Zealand US-525
OneBeacon Insurance Group Establishes a New Division US-525
W.R. Berkley Corp. Forms a New Subsidiary US-526
Cairnstone Re Forms a Marketing Subsidiary US-526
Fidelity National Financial Establishes Property Insight US-526
RVI Guaranty Forms the Reinsurance Company, RVI Re US-526
Argonaut Group Establishes Captive Business Unit US-526
Mortgage Guaranty Insurance Contracts with FNC US-526
Trenwick's Deal with Chubb Re US-527
Farmers Insurance Formulates Partnership with Target Stores US-527
Mercer Human Resource Consulting and Putnam Investments Partner US-527
Drugstore.com, Blue Cross Enter Marketing Alliance US-527
idNET and Afni Combine Products and Services US-527
Cybersettle Forms Alliance With eAutoclaims US-527
Mondial Assistance Becomes EasyJet's Official Insurance Provider US-528
Blue Cross Concludes Agreement with HCA US-528
AIA Signs Contract with Asia Commercial Bank US-528
Owensboro Mercy Health System Concludes Contract with CHA
Health and Humana US-528
Insurance Services Office and Insurers' Advisory Organization
Form Alliance US-528
Level 8 Systems Forms Alliance with New World Agency US-528
McCamish Systems and S1 Corp Form Alliance US-529
Saint Josephs Hospital of Atlanta Signs Agreement with Cigna
Healthcare US-529
Alacrity Services and First Notice Systems Enter Strategic
Alliance US-529
XN Holdings Enters into Strategic Partnership with HTH Worldwide US-529
Workers Transition Network Enters Into a Partnership with AIG
Claims Services US-529
Financial Freedom Senior Funding and BISYS Group Form Alliance US-530
M-Plan Enters Into a Contract with TriZetto Group US-530
Insurance.com Signs Three Alliances US-530
Better Benefits Forms Partnership with CSC Insurance Services
Division US-530
ACORD and DTCC form Partnership US-530
Insurance Service Offices Formulates Licensing Pact with HNC
Software US-531
Wells Fargo Insurance Divests Local Branches US-531
Cobalt Corp Divests IRG to APS Healthcare US-531
Conseco Divests Business Segments to Protective Life and
American Financial Group US-531
Huntington Bancshares Divests J. Rolfe Davis Insurance Agency US-531
Travelers Property Casualty Corp. Spins Off from Citigroup US-532
Aon Divests Sinser Insurance US-532
The Shipowners Claims Bureau Inc. Spins Off from Marsh Inc. US-532
Kemper Insurance Cos Closes Three Offices US-532
AIG Completes Restructure of American General Operations US-532
Empire Blue Cross and Blue Shield Converts into a For-Profit
Company US-533
Gerling Global Re of America Starts Reorganization US-533
Guarantee Co. of North America Changes Name of its New Jersey
Insurance Subsidiary US-533
Safeco Select Insurance Services Changes Name to Safeco
Financial Institutions Solutions US-533
GE Splits GE Capital into Separate Units US-534
Radian Group Renames Two Acquired Companies US-534
Robert F. Driver Adopts New Name US-534
Texas Department of Insurance Approves New Homeowners Policy US-534
State National Specialty Insurance Receives Approval US-534
Mix Group Gets the Nod to Set up Company US-535
North Carolina State Insurance Department Assumes Receivership
of London Pacific Life & Annuity Co US-535
The Colorado Division of Insurance Suspends Two Affiliated
Companies US-535
Other Key Mergers and Acquisitions US-535
American International Group Acquires American General Corp. US-539
Selective Insurance Group Acquires Flood Insurance Business of
Two Companies US-539
First Bancorp Acquires Two Companies US-539
State Automobile Mutual Insurance Merges With Meridian Mutual
Insurance US-539
BB&T Insurance Services Acquires Lowery D. Finley and Company
of Virginia Beach US-539
Hub International Acquires Burnham Insurance Group US-539
Transatlantic Re Acquires a 40% Stake in Kuwait Re US-540
Heffernan Group and MBO Insurance Brokers Merge US-540
BISYS Purchases Toner Organization US-540
Alea Group Purchases Seven Hills Insurance US-540
Fiserv Buys Catapult Technology US-540
Swiss Buys Research Operations of Conning US-541
WellPoint Health Networks Acquires Cerulean Cos US-541
InsWeb Acquires QuickenInsurance US-541
Digital Insurance Acquires InsureRate US-541
Inviva Acquires American Life Insurance Co. US-541
Blue Cross & Blue Shield United of Wisconsin Merges with
United Wisconsin Services US-541
Hartford Financial Acquires Business Segments of Fortis US-541
New Mexico Banquest Investors Acquires Kelly Agency US-542
Hub International Acquires Burnham Insurance Group US-542
Warren-Hoffman Acquires Health Plan Administrators US-542
IndependenceCare Holdings Acquires Managed Care Reinsurance
Facility US-542
Liberty Mutual Insurance Acquires Bilbao US-542
Vesta Insurance Group Acquires Instant Insurance Holdings and
Aegis Financial US-543
Warren-Hoffman Acquires Allied Claim Services US-543
Alliant Embarks on an Acquisition Route to Fuel Growth US-543
Mass Mutual Acquires Aetna Heiwa Life Insurance US-543
AMS Services Concludes Acquisition of ‘The Solution' US-543
Arthur J. Gallagher Acquires Three Companies US-543
Heffernan Group Merges with Area West Insurance US-544
Mitchell Acquires Ensera US-544
EW Blanch, Benfield Greig Group Merge to Form Benfield Blanch US-544
InsureZone Acquires AgentSecure US-544
Brown and Brown Acquires Connelly Insurance and Benefit Group US-544
Arthur J Gallagher Takes Over Three Insurance Brokerage Companies US-545
New York Life Insurance Acquires Selected Business from Clark
  • Bordes Partners US-545
Brown & Brown Acquires Associated Insurance Agency and
Sanborn's Mexico Insurance US-545
Old Mutual Concludes Acquisition of Fidelity and Guaranty Life
Insurance US-545
MetLife Acquires Seguros de Vida Santander and Soince Reinsurance US-546
Wachovia Acquires Crawford, Slevin & Hicks, Rhodes Agency and
Olympic Insurance Associates US-546
Brown & Brown Acquires Robert L. Matson Insurance US-546
Union Bank of California Acquires Armstrong/ Robitaille
Business and Insurance Service US-546
Eastern Holding Buys Additional 50% Stake in Educators
Alliance Insurance US-546
Nemco Brokerage and National Financial Partners Buy Group
Insurance Business from Axa Network and Bisys Insurance
Services US-546
Fusura Established through a Joint Venture US-547
The Horton Group Signs Joint Venture with Wanxiang US-547
John Hancock Life Insurance Forms Joint Venture with Tianan
Insurance US-547
AIG and Eureko to Form Cooperative Venture US-547
Chubb Corp, American International Group and GS Capital
Partners Establish Reinsurance Joint Venture US-547
Acordia Enters into Joint Venture with Heath Lambert Group US-547
Chubb Specialty Insurance Establishes New Unit US-548
Reinsurance Group of America Creates New Unit US-548
Aon Risk Services and Non Marine Reinsurance Division
Establish Healthcare Plus US-548
Farmers Insurance Group Opens New Customer Service Center US-548
Zurich Life Forms Zurich Life International US-548
MMC Capital Establishes AXIS Specialty
New Company Begins
Operations US-548
Zurich Launches New Reinsurance Company US-549
Omega Management to Offer Reinsurance Services to Run-Off
Businesses US-549
Heiwa Opens Captive Insurer in Hawaii US-549
Transamerica Reinsurance Opens Base Office in Hong Kong US-549
TurboCoverage Adds Five Insurers to its Lineup US-549
Navigators Management Commences Navigators Pro US-550
National Association of Mutual Insurance Companies Commences
Catastrophe Facility US-550
Kingsway Financial Services Signs Agreement with The Vision
Insurance Group US-550
LOMA Forms Partnership with Synergy 2000 US-550
BISYS Forges Strategic Alliance with General Information Services US-550
Explorer Insurance Renews Deal with ProcessClaims US-551
Alliance between RiskMeter and EQECAT US-551
American Association of Health Plans affiliates with
International Federation of Health Plans US-551
Vesta Insurance Finalizes Agreement with New South Federal
Savings Bank and Subsidiary US-551
Target Capital and Gulf Insurance Group Join Forces US-551
St. Paul Allies with LoJack to Enhance Vehicle Anti-Theft
Protection US-551
Insight to Underwrite KEMPES Accountants, Architects &
Engineers Professional Liability US-552
Tower Street Gets Two New Marketing Partners US-552
Birla Sunlife Insurance and Citibank Join Together in India US-552
Frontier Insurance (USA) Amends Reinsurance Agreement with
National Indemnity US-552
CheckFree i-Solutions Reaches an Agreement with Amica Mutual
Insurance Co. US-552
R.C Olmstead and CheckFree i-Solutions Sign an Agreement US-553
Aquila Forges Partnership with Macquarie Bank US-553
Aquila, Inc Forms Alliance with Hiscox Plc US-553
Aquila Signs Agreement with Mitsui Marine and Fire Insurance US-553
InsuranceNoodle to Collaborate with MarketScout US-553
MasterCard Enters into an Alliance with ePolicy.com US-553
Wells Fargo Enters into Private-Label Deal with InsureZone US-554
ePolicy.com Insurance Services Signs Alliance with St. Paul Cos US-554
US Bancorp Enters into Partnership with Great- West Life US-554
Wisconsin Physicians Service Insurance Receives Contract from
the US Government US-554
Virginia International Hires New York Life Benefit for Pension
Plan US-554
Fidelity & Deposit Companies to Make Available E-Risk Policy
to Totality Customers US-555
Bankers Insurance Group Signs Agreement with Vanguard Fire and
Casualty US-555
Canada Life Assurance Forms Alliance with Ohio National
Financial Services US-555
InsureMyTrip.com Enters into Partnership with Unicard US-555
Lloyd's, NYSID Reach Agreement US-555
InsureZone's AgentSecure Finalizes Marketing Pacts US-555
US Transportation Risk Finalizes Agreement with QualCorp US-556
HNC Insurance Solutions and Insurance Services Office Enter
into an Alliance US-556
Financial Profiles and Acentas.com Form Strategic Alliance US-556
Drivershield.com Signs Agreement with Farmers Alliance US-556
Vesta Insurance Group Signs a Marketing Agreement with New
South Agency US-556
Warrantech Corp. Signs Financial Arrangement Letter of Intent
with Insurer US-557
American Modern Insurance Group and the American Express
Property Casualty Cos Tie Up US-557
Swiss Re New Markets Corp. and Mirant Enter into Agreement US-557
Pethealth Markets Policies for Pets Adopted from Petfinder.com US-557
Bankers Insurance Group Transfers 67,000 policies to Vanguard
Fire & Casualty Co. US-558
Digital Insurance Signs Up with Six Carriers to Make Health
Insurance More Accessible US-558
NetInsurance.com Signs Distribution Agreements with 5 Internet
Affinity Providers US-558
Banc of America Investment Services Signs Agreement with
Jefferson Pilot Financial US-558
Fidelity National Financial Enters into a Partnership with
London Bridge Group US-558
Health Net and Sutter Health Sign a Contract US-559
Kemper Insurance Companies and Aquila Sign Partnership Agreement US-559
Jamieson Laboratories Signs Contracts with Four Health
Management Organizations US-559
LaSalle Bank Forms Alliance with Business-Backers Management US-559
Paymaxx and Hartford Financial Services Group Form an Alliance US-559
Minnesota Life Insurance Co. Gets Contract from Illinois State US-560
IPC Signs an Inpatient Care Agreement with PacifiCare of Texas US-560
Liberty Mutual and OneBeacon Enter into a Contract US-560
Ascension Health Sells Partners First US-560
Symons International Sells Crop Insurance Assets US-560
Clarica Sells Milwaukee to National Guardian US-560
Cigna Divests Stake in Yasuda Kasai Himawari Life Insurance US-561
Health Net Divests Foundation Health Plan for US$49 Million US-561
Old Republic International Discontinues Reinsurance Operations US-561
AMS Ceases Operation of TowerStreet US-561
CalFed Investments Increases Exposure in Long-Term- Care
Insurance Market US-561
John Hancock Expands Distribution Outlets US-561
Hartford Financial Enters Asian Markets US-562
Volvo Renames its Insurance Division US-562
Liberty Mutual Insurance and Liberty Mutual Fire Insurance
Policyholders Approve Mutual Holding Company Plan US-562
PartnerRe Reorganizes US Treaty Reinsurance Operations into
Five Teams US-562
Mutual Risk Management Restructures Operations US-562
Equitable Distributors Cuts Wholesalers US-562
Aon Brings Wholesale Brokerage Business Under the Brand Swett
& Crawford US-562
American Heritage Life Insurance to be known as Allstate
Financial Workplace Division US-563
Prudential Insurance Co. of America Announces Change of Name US-563
Florida Physicians Insurance Co. Changes Name US-563
WTC Leaseholder Sues ACE and XL Capital US-563
National Indemnity - Insurer for 2002 Soccer World Cup US-563
BluePaw Announces New Strategies US-564
John Hannock Mutual Life Insurance Initiates Legal Action
Against Five Claims US-564
ZNA Joins the Berne Union US-564
AgentSecure Augments Business Through Seven New Clients US-564

18. Focus on Select US Players US-565
ACA Financial Guaranty Corp. US-565
Aetna Inc. US-565
AFLAC US-565
Allstate Financial Group US-565
Ambac Assurance Corp. US-566
American International Group, Inc. US-566
AXA Equitable US-567
Berkshire Hathaway US-567
C.N.A. Insurance US-567
Chubb Corp. US-568
Cigna Corp. US-568
Crawford & Co. US-569
Farmers Insurance Group US-569
Fidelity National Financial US-570
Financial Guaranty Insurance US-570
Financial Security Assurance Holdings Ltd. US-571
Hartford Financial Services Group, Inc. US-571
Health Net Inc US-571
Humana Inc US-572
John Hancock Financial Services US-572
Liberty Mutual Group US-572
Liberty Mutual Insurance Company US-572
Lincoln National Corp. US-573
MassMutual Financial Group US-573
MBIA Insurance Corp. US-573
Metropolitan Life Insurance Co US-574
Mortgage Guaranty Insurance Corp. - Leading Private Mortgage
Insurer in the US US-574
Nationwide Group US-574
New York Life Insurance Co. US-575
PacifiCare Health Systems Inc. US-575
Pacific Life Insurance Co. US-575
Partner Reinsurance Company Ltd. US-576
Pets Best US-576
Prudential Financial US-576
Radian Group US-577
Republic Mortgage Insurance Co. US-577
State Farm Mutual Automobile Insurance Company US-577
Standard Insurance Company US-577
The PMI Group, Inc. US-578
Transamerica Occidental Life US-578
The Travelers Companies, Inc. US-578
Triad Guaranty Ins. US-578
United Guaranty US-579
UnitedHealth Group Inc. US-579
United Services Automobile Association US-579
Unum Group. US-580
WellPoint Inc. US-580

19. US' Leading Insurance Brokers US-581
Aon Corp. US-581
Arthur J. Gallagher & Co. US-581
BB&T Insurance Services Inc. US-581
Brown & Brown Inc. US-581
Hilb Rogal & Hobbs Company US-582
Marsh & McLennan Cos. Inc. - World's Largest Insurance Broker US-582
Wells Fargo & Co. US-582
Wells Fargo Insurance Services - World's 5th Largest Insurance
Broker US-582
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