China agreeing to open up its mandatory third-party liability motor vehicle insurance market to foreign insurance companies is credit positive for those insurers, says Moodys.

China agreeing to open up its mandatory third-party liability motor vehicle insurance market to foreign insurance companies is credit positive for those insurers, says Moodys.

Nationwide Insurance ended the year by turning a profit in the fourth quarter, although net income for the period was down 87 percent compared to 2010.

Catastrophe losses from Q4 2011 and prior quarters significantly weighed on earnings for three Bermuda specialty insurance and reinsurance companies.

XL Group says it took a 2011 fourth-quarter net loss of $515.5 million on a large impairment charge and catastrophe losses.

Negotiations between Louisiana Citizens Property Insurance Corp. and plaintiffs attorneys over more than $100 million are off to a rocky start following a U.S. Supreme Court decision to not delay the execution of the class-action judgment against the last-resort insurer.

International filming locations, motorcycle riding by its Oscar-nominated actress and highly physical scenes made The Girl with the Dragon Tattoo the riskiest film for Firemans Fundto insure in 2011.

The government of Thailand is looking to establish what would be the largest excess-of-loss property-catastrophe treaty in the worlda catastrophe fund equipped to cover losses of up to $16.2 billion.