E&S/Specialty

Had Japan been more fully insured for earthquakes, 2011 would have set a record for insured catastrophe losses. As it stands, 2011 will see approximately $108 billion in insured manmade and natural catastrophe losses, second only to 2005, when insured catastrophe losses reached $123 billion, according to a Swiss Re...

Global specialty insurer Torus says it is entering the surety market with the acquisition of First Sealord Surety Inc., and the subsequent launch of Torus Surety.

Global specialty insurer Torus says it is entering the surety market with the acquisition of First Sealord Surety Inc., and the subsequent launch of Torus Surety.

William M. Rohde Jr. has been named senior vice president of W.R. Berkley Corp.

Financial institutions Morgan Stanley and HSBC reached an agreement with guaranty insurer MBIA to withdraw from their legal challenges and go their separate ways, leaving five firms to battle it out over the insurers restructuring and accusations the banks fraudulently secured insurance coverage.

Financial institutions Morgan Stanley and HSBC reached an agreement with guaranty insurer MBIA to withdraw from their legal challenges and go their separate ways, leaving five firms to battle it out over the insurers restructuring and accusations the banks fraudulently secured insurance coverage.