American International Group said employees have paid back close to $45 million in bonus payments that the taxpayer-supported company has asked to be returned.

Any legal challenge to block New York's compensation disclosure rule for insurance producers will likely fail, but a lawsuit might delay implementation, a former regulator told agents and brokers meeting here.

The National Conference of Insurance Legislators said it is getting closer to resolving differences over model legislation to set quality standards for auto crash replacement parts.

Hannover Re Group reported net income rose substantially for 2009, up EUR858 million ($1.17 billion at the current exchange rate) compared to a loss for 2008.

The directors of public companies need to pay closer attention to their risk exposure and must explain to shareholders how they are managing those perils, according to a panel of executives.

Munich Re said profit for 2009 exceeded $3 billion and it expects 2010 to be just as profitable, despite catastrophe losses from the Chile earthquake and a huge winter storm in Europe.

Marsh & McLennan Companies would not comment today on reports it may be seeking buyers to sell the remainder of its interest in its Kroll risk management services operation.

In order for insurers to succeed and grow, they must foster an employee and client base including the handicapped and persons with sexual, racial and ethnic diversity, a Chubb executive said.