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The International Insurance Society has announced five candidates from Israel, Australia, Brazil, the United Kingdom and Taiwan for the 2010 Insurance Hall of Fame Awards.

Between the recession and damage to the industry's reputation, insurance companies can no longer conduct their businesses as they have in the past.

Marine insurers face a stormy market, battered by declines in trade, expansion of piracy, stalled capital markets and lower investment returns, an insurance brokerage reports.

Marine insurers face a stormy market, battered by declines in trade, expansion of piracy, stalled capital markets and lower investment returns, an insurance brokerage reports.

Few Brazilian farmers buy agricultural insurance, in part, because product offerings don't meet their needs, they lack insurance awareness and the budget is low for premium subsidies, a study found.

Willis Group Holdings Ltd. said it has completed its acquisition of Herzfeld Willis S.A. (retail operation) and Willis S.A. (reinsurance operation) in Argentina. Terms of the deal were not released.

Lloyd's of London reported a profit increase of 39 percent for the first six months of this year, but warned that the ongoing effects of the recession and uncertainty over natural catastrophes could still adversely affect year-end results.

Lloyd's of London reported profit increased 39 percent for the first six months, but warned that recession effects and uncertainty over natural catastrophes could adversely affect year end results.