E&S/Specialty

Insurers were able to breathe a collective sigh of relief in 2012s first quarter, as a dramatic drop in catastrophe losses helped the industry realize much needed improvement in profitability, says the Insurance Information Institutes president.

Insurers were able to breathe a collective sigh of relief in 2012s first quarter, as a dramatic drop in catastrophe losses helped the industry realize much needed improvement in profitability, says the Insurance Information Institutes president.

Chartis, the property and casualty unit of American International Group, will revert back to the AIG name, according to internal memos at the insurer, NU has learned.

Congress will begin the end game today on compromise legislation that will finally provide long-term certainty to the National Flood Insurance Program.

Congress will begin the end game today on compromise legislation that will finally provide long-term certainty to the National Flood Insurance Program.

Global non-life insurance premiums grew 1.9 percent in 2011 compared to 2010, driven by strong economic expansion in emerging markets and rate increases in advanced markets, according to Swiss Re.