A new Munich Re America management team will be in place Jan. 1, 2008 to further implement the plan, the company said during an online press conference which took place in conjunction with the Counci

"Unless there is a gargantuan catastrophe or series of catastrophes, the soft market is going to continue to go on its path for quite a while to come, until the losses start to eat into surplus," said

"There has been one thing that has come out of it that the industry probably never would have done on its own that I think is very positive--and that is transparency," said J. Patrick Gallagher Jr.,

Industry shakeups brought about by government probes into allegations of bid-rigging and contingency fee abuse has resulted in more respect being paid to corporate insurance buyers by their brokers,

A proposed regulation by the Internal Revenue Service that would reverse a longstanding tax benefit for captive insurance operations and put them on the same footing as self-insureds has caught the ca

U.S. Geological Survey, said RAA, will provide updates to the latest data entered into the catalog and discuss whether the new information is likely to affect cat models, according to the RAA Web site

Steady erosion of the commercial insurance industry's pricing continued in the third quarter led by liability, while the property segment continued "nudging upwards," according to the RIMS Benchmark S

Lloyd's reported today that for the six-month period ending June 30 it had an interim profit before tax of $3.6 billion (?1.8 billion) and that its combined ratio of 82.9 continues to outperform its m