Insurance News

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MONTE CARLO, Monaco?Mergers and acquisitions are expected to gain momentum as reinsurers look to accelerate growth after the financial crisis, experts said at the Rendez-Vous de Septembre.

Attendees at the annual reinsurance gathering in Monte Carlo, Monaco, said an expected recovery in the world financial markets later this year, combined with a return of capital to the reinsurance sector, likely will drive the consolidation trend.

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BOSTON—A recent spate of traffic accidents in Massachusetts has intensified the debate about restricting older drivers, pitting legislators against advocates opposed to age-based curbs on mobility.

As the U.S. population ages, the number of licensed drivers over 65 is projected to double to nearly 57 million by 2030, or a quarter of all drivers. For years, states have wrestled with how to weed out those whose cognitive or physical impairments Read the rest of this entry »