Editors' picks for the week include a look at a long-term care insurer alleging hundreds of millions in damages from a Ponzi-like scheme and premium rate reductions restraining growth in Japan's auto insurance market.
US life and annuity industry to see higher premium growth
Regulatory, legislative and judicial changes will impact growth in direct premiums and considerations in 2018, according to S&P Global Market Intelligence's 2018 US Life and Annuity Insurance Market Report.
Life insurers to see YOY earnings, revenue growth in Q2 as LTC 'hysteria' passes
Of the 15 largest publicly listed U.S. life insurers, sell-side analysts expect nine to report higher earnings per share year over year, according to an S&P Global Market Intelligence analysis.
LTC insurer alleges hundreds of millions in damages from 'Ponzi-like' scheme
Runoff long-term care insurer Senior Health Insurance Co. of Pennsylvania sued a former investment manager that allegedly promised 5.85% annual returns on invested funds, but whose strategy instead triggered "hundreds of millions of dollars" worth of economic injury.
Japanese insurers' auto premiums, profits under pressure after rate cuts
Premium rate reductions have restrained growth in Japan's auto insurance market, the biggest revenue source for the country's property and casualty insurance companies, and will in turn depress underwriting profit.
RenRe CEO 'confused' by gloominess over reinsurance rates
RenaissanceRe Holdings Ltd. CEO Kevin O'Donnell is "confused" by the reinsurance market's current pessimism about the prices being charged for cover.