The Association of British Insurers said it was too early to give figures on insured loss. A storm in Britain in 1987 storm caused 2.2 billion pounds of damage in today's terms.

The 2013 Atlantic hurricane season looks set to go down as a big washout, marking the first time in 45 years that the strongest storm to form was just a minor Category 1 hurricane.

The 2013 Atlantic hurricane season looks set to go down as a big washout, marking the first time in 45 years that the strongest storm to form was just a minor Category 1 hurricane.

The global insurance group Willis Group has signed up three partners to a scheme that automatically allocates them a slice of business written in speciality areas such as energy or aviation.

The protracted talks on new European Union capital adequacy rules for insurers are likely to be concluded next month, two sources involved said on Thursday.

The protracted talks on new European Union capital adequacy rules for insurers are likely to be concluded next month, two sources involved said on Thursday.

Travelers Cos. posted a record operating profit that breezed past Wall Street estimates and said it expects to keep raising premiums to counter low interest rates and potential losses from natural disasters.

Reinsurer Munich Re expects to keep its pricing power steady in renewing risk cover contracts with insurers in the coming weeks, playing down the competitive threat from pension fund investors that may undermine prices.