Reinsurance

A Louisiana federal court judge erred in ruling that a standard insurance policy exclusion for water and flooding damage did not apply where levee breaches from Hurricane Katrina were involved, insur

The new operation, Lloyd's said, will provide Chinese insurers with full access to the Lloyd's market and give Lloyd's improved access to the Chinese reinsurance market. An opening ceremony for the ne

Willis Re, a unit of London-headquartered insurance broker Willis Group Holdings, in its report titled "Few Surprises" said reinsurance rates at the April 1 renewal period remained flat or fell, depen

A representative group of reinsurers posted a combined ratio of 94.9 for 2006--a 34.5-point improvement over the 129.4 registered in catastrophe-scarred 2005, according to an annual sampling of

Let free market do its job, rather than undermine private sector, carriers

The Bermuda-based mutual insurer, which provides insurance for energy interests primarily in the Gulf of Mexico, increased its aggregation limits to $750 million effective June 1, the start of the hur