Reuters

• Oklahoma Tornado Damage Likely to Exceed Joplin, Commissioner Says

  By Reuters  |  May 22, 2013

  The damage from Monday's tornado in a suburb of Oklahoma City is likely to exceed that caused by the 2011 twister in Joplin, Missouri, that killed 161 people, Oklahoma Insurance Commissioner John Doak said.

• S&P Upgrades MBIA, National Public Finance Guarantee

  By Reuters  |  May 8, 2013

  Standard & Poor's Ratings Services on Wednesday raised the financial strength ratings of MBIA Insurance Corp and National Public Finance Guarantee Corp adding it may upgrade them further.

• Low Damage Claims Help Munich Re Beat Expectations in Q1

  By Reuters  |  May 7, 2013

  Munich Re reported forecast-beating net profit of $1.3 billion in the first quarter as low damage claims offset an 11 percent drop in income from investments.

• Ammonium Nitrate Was Trigger for West, Texas Blast, State Agency Says

  By Reuters  |  May 7, 2013

  Investigators have confirmed that ammonium nitrate was the trigger for the explosion at a West, Texas, fertilizer plant last month that left 14 people dead and some 200 injured, according to the Texas state fire marshal's office.

• Assured Says to Be Paid $358M As It Settles UBS Suit

  By Reuters  |  May 6, 2013

  Bond insurer Assured Guaranty Ltd said UBS AG will pay it $358 million to settle a lawsuit that accused the bank of falsely representing the quality of the loans underlying $1.49 billion of mortgage-backed securities.

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  Warren Buffett Joins Twitter, Gains 10,000 Followers in 10 Minutes

  By Reuters  |  May 2, 2013

  Warren Buffett is an avowed avoider of high technology, but even the world's most famous investor cannot dodge Twitter.

• Ambac Expects Bankruptcy Exit This Week After IRS Deal Approved

  By Reuters  |  April 29, 2013

  Ambac says it could exit bankruptcy this week after it received court approval of a $101.9 million settlement with the IRS.

• Munich Re Sees Q1 Net Profit of Close to $1.3B

  By Reuters  |  April 25, 2013

  Munich Re said it expects to deliver first quarter net profit of close to $1.3 billion, putting it on course to reach its full-year profit target.

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  AIG Sets Compensation Clawback Policy for Executive Wrongdoing

  By Reuters  |  March 28, 2013

  American International Group, the insurer whose government bailout was marked by controversy over executive salaries, on Wednesday said its board adopted a clawback policy to recover compensation in case of mistakes or wrongdoing.

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  Swiss Re to Get $610 Million in Berkshire Settlement

  By Reuters  |  March 28, 2013

  Swiss Re has settled a dispute with Berkshire Hathaway over a 2010 life reinsurance deal and will receive a $610 million payment from Warren Buffett's company, the Swiss reinsurer said on Thursday.

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  Lloyd's of London Back to Profit on Fewer Catastrophes

  By Reuters  |  March 27, 2013

  The Lloyd's of London insurance market returned to profit in 2012, bouncing back from a 516 million pounds loss in 2011 after claims fell on account of fewer natural disasters.

• Magnitude 5.8 Earthquake Hits in Oaxaca, Mexico: USGS

  By Reuters  |  March 26, 2013

  A 5.8 magnitude earthquake struck near the southwestern coast of Mexico, shaking buildings in Mexico City.

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  New York Names 'Bottom 10' Banks Sitting on Sandy Insurance Money

  By Reuters  |  March 20, 2013

  New York State governor Andrew Cuomo has named 10 banks, including Capital One Financial Corp and SunTrust Banks Inc, that he says are sitting on $41 million in insurance money owed to victims of Superstorm Sandy, which hit the northeastern United States last year.

• Lawmakers Want More Transparency from FSOC

  By Reuters  |  March 15, 2013

  U.S. lawmakers on Thursday pressed a new financial risk council to release more details about closed-door meetings, saying the public needs to know more about what regulators are doing to prevent the next financial crisis.

• Hannover Re CEO Open to Acquisitions, Mainly in Life

  By Reuters  |  March 8, 2013

  Hannover Re is mulling acquisitions but will likely avoid large targets, its chief executive said on Friday.

• Hannover Re Beats Expectations on Claims, Investments

  By Reuters  |  March 7, 2013

  Hannover Re , the world's third-largest reinsurer, beat analyst expectations for its 2012 net income and dividend on Thursday, helped by moderate damage claims and surging investment income.