Minnesota-based reinsurance broker W.J. Lehrke Co. will merge with Holborn Corp. and fold its operations into Holborns Minneapolis office, taking the Holborn name.

The upward climb in property insurance rates has suddenly reversed course thanks to abundant capacity and continued light catastrophe losses, says Willis North America.

The second-quarter catastrophe losses of insurers Zurich and XL Group total more than $400 million, with Zurich shouldering the largest share.

Premium increases will continue for the P&C insurance industry in the face of rising interest rates and other economic factors that will conspire to keep the momentum going, says financial analyst Keefe, Bruyette & Woods.

The capital markets have pushed traditional reinsures out of the driver's seat in setting U.S. catastrophe reinsurance rates, according reinsurance broker Guy Carpenter & Co.

The capital markets have pushed traditional reinsures out of the driver's seat in setting U.S. catastrophe reinsurance rates, according reinsurance broker Guy Carpenter & Co.

The crash of Asiana Flight 214 in San Francisco should not impact aviation insurance rates, which means the soft market should continue unabated, say experts.

Enstar Group Ltd. will acquire specialty insurer Torus Insurance Holdings Ltd. in a combination cash and equity transaction worth $692 million.