While property and casualty insurers have benefitted from favorable loss-reserve development in recent years, a Keefe, Bruyette & Woods (KBW) analysis contends that accident-years 2008 to 2010 are underreserved and that adverse development will result in the future.

A tropical-storm warning is in effect for the Texas coast from the mouth of the Rio Grande River up to Matagorda, according to the National Hurricane Center.

While claim settlement is the largest driver of customer satisfaction during a property claim experience, first notice of loss drives a significant 21 percent of the experience and often sets the tone for the remainder of the claims process, a new J.D. Power and Associates study says.

Arch Capital Group Ltd.s 2011 second-quarter net income dropped more than 61 percent compared to the same period a year ago as catastrophes caused $95 million in losses for the Bermuda-based specialty insurer and reinsurer.

While property and casualty insurers have benefitted from favorable loss-reserve development in recent years, a Keefe, Bruyette & Woods analysis contends that accident years 2008 to 2010 are underreserved and that adverse development will result in the future.

Validus Holdings’ bid for Transatlantic Holdings, if successful, will be credit-positive for Validus due to strategic benefits, but credit-negative for Transatlantic due to higher catastrophe leverage, according to Moody’s.

Selective Insurance Group Inc., through its subsidiaries, has purchased the renewal rights for commercial-lines excess and surplus policies written under contract binding authority (CBA) by subsidiaries of Alterra Capital Holdings Limited.

Moody’s says a recent outline put forth by the International Association of Insurance Supervisors (IAIS) regarding a regulatory framework to monitor international insurers’ group-wide activities is credit positive.