While not issuing an estimate for losses from the storm to oil and gas production fields along the Gulf of Mexico, EQECAT did say it expects 5 percent of production for oil and 5 percent of gas produc

Robert M. "Bear" Bryant, president and chief executive officer of the National Insurance Crime Bureau (NICB), retired yesterday. He was succeeded by Joseph H. Wehrle Jr., who was the association's chi

While not issuing an estimate for losses from the storm to oil and gas production fields along the Gulf of Mexico, EQECAT did say it expects 5 percent of production for oil and 5 percent of gas

Aon Corp.'s plan to purchase London-based reinsurance broker Benfield Group Ltd. for some $1.75 billion has drawn mixed reviews from the three major rating agencies, with concerns raised about the

Bruce A. Jefferis, resident managing director, Aon Risk Services, Natural Resources Group, a unit of Chicago-based insurance broker Aon Corp., said, "Underwriters believe that with all of the changes

Both Fitch Ratings and Moody's Investors Service issued statements yesterday saying they plan to wait until after the reinsurance deal between FGIC and Armonk, N.Y.-based MBIA Inc. is approved by the

Tropical Storm Gustav passed Jamaica and was expected to strengthen to hurricane status. The National Weather Service's National Hurricane Center said chances are the storm could strengthen to a Categ

The New York State Insurance Department said yesterday a deal has been struck that insures the solvency of Financial Guaranty Insurance Company (FGIC) and protects the company's book of municipal bond