“A founder of Hilb Rogal & Hobbs is launching a new middle-market commercial insurance brokerage firm by combining with brokerages in New York and North Carolina.
Robert H. Hilb, who stepped down as chairman of the Glen Allen, Va.-based insurance firm more than a decade ago, has formed The Hilb Group with his son, Robert J. Hilb.”
http://www.royalgazette.com/rg/Article/article.jsp?articleId=7da79b730030016§ionId=65
“Based on [Nathan Kowalski, CFA, CA]‘s preliminary analysis, it would appear Bermuda’s economy continued to contract in the first quarter of 2010 by approximately 0.5 percent. The fact that Bermuda continues to contract may not be a great shock to many residents as it surely feels worse for a lot of Bermudians.”
http://www.royalgazette.com/rg/Article/article.jsp?articleId=7da7bab30030002&sectionId=65
“Figures published by Cayman suggest the British Overseas Territory is the leading offshore jurisdiction for listed catastrophe bonds, with a market almost seven times as big as Bermuda’s.
The are 74 bonds listed on the Cayman Islands Stock Exchange with a value of over $7.7 billion, the Caribbean island group reported this week.”
http://insurancenewsnet.com/article.aspx?id=209917
“Growth in the property-casualty insurance business could be “anemic” this year, at 1.4 percent, according to a new report by Hartford-based Conning & Co.
“Anemic premium growth is forecast for 2010, despite economists’ projection for 3.3 percent growth in real GDP [gross domestic product],” according to Conning’s Property-Casualty Forecast & Analysis in the second quarter of 2010.”
http://twitter.com/shitmydadsays/status/5239855327
“You worry too much. Eat some bacon… What? No, I got no idea if it’ll make you feel better, I just made too much bacon.”
