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Jeff Grange, senior vice president, head of professional lines for the specialty underwriter Torus, speaks with PC360 about how the unfolding Libor scandal will affect the professional services insurance market for financial institutions.

American International Group will gain approximately $2.1 billion over its initial $5 billion investment in Maiden Lane III when the Federal Reserve Board of New York completes its sale of securities held in the facility.

Zurich Financial Services Group says its board plans to name Josef Ackermann as chairman and Tom de Swaan as vice chairman after its annual general meeting on March 29.

Insurers continue to file lawsuits against large investment banks over losses taken during the housing market collapse, as Liberty Mutual Insurance Co. filed suit against Goldman Sachs; and Allstate announced a lawsuit against Morgan Stanley.

For the CEO of Crum & Forster, Doug Libby, who voluntarily describes himself as “a contrarian,” there is little not to like about the $294 million deal, closed in February, that adds First Mercury Financial Corp. to his group’s specialty-insurance operations.

Financial Institution UnderwritersWeathering Very Volatile ConditionsCarriers face growing claims frequency and severity, but rates stable for most insuredsIt's not easy being a directors and ...

Could Democrats ElectionHike Pollution Claim Costs?Insurers could see a rise in environmental claims if a Democratic administration or green groups push the Environmental Protection Agency ...

PCI Selects NAIC's Csiszar As Next CEOBy Daniel HaysNU Online News Service, Aug. 18, 5:52 p.m. EDT?In a move that drew scorn from a consumer ...