U.S. insurer Travelers Cos Inc is in talks to buy a minority stake in Esure as the British home and motor insurer prepares for an initial public offering, Sky News reported on Monday.
European insurers' solvency is deteriorating because of persistently low interest rates and market turmoil triggered by the euro zone debt crisis, the region's insurance regulator said on Monday.
Raging wildfires forced hundreds of residents to flee homes in Colorado and New Mexico on Sunday as high winds and high temperatures fanned the flames, authorities said.
Colorado State University researchers on Friday raised their forecast for the 2012 Atlantic hurricane season to 13 tropical storms, with five hurricanes and two major hurricanes.
The decision by trade insurers this week to stop covering exporters shipping to Greece could have "alarming" consequences, exacerbating shortages and pushing up prices for consumers, the country's retail federation said on Friday.
Institutional investors and environmental advocates on Thursday urged companies to disclose their risks from the impact of climate change, two years after the U.S. Securities and Exchange Commission issued guidelines for firms to do just that.
Top insurers face curbs within five years on risky "non-traditional" activities, global regulators said on Thursday as they seek to avoid a repeat of AIG's huge taxpayer bailout in the financial crisis.
Top insurers face curbs within five years on risky "non-traditional" activities, global regulators said on Thursday as they seek to avoid a repeat of AIG's huge taxpayer bailout in the financial crisis.
Bailed-out insurer AIG should be able to raise enough capital in the near term to buy out the U.S. government's remaining 61 percent stake, assuming both the company and the public share in any stock offering, Sandler O'Neill analysts said on Wednesday.
Italys northern Emilia Romagna region was hit by the second powerful earthquake in just over a week on Tuesday afternoon local time, as a 5.8 magnitude temblor caused 10 fatalities and damaged structures and historical landmarks.