Insurer Hiscox Ltd plans to return $305.3 million to investors after Superstorm Sandy failed to derail a bumper year of growth in its global underwriting business.

Gross premiums at Italy's biggest insurer Generali rose by 3.2 percent from a year earlier helped by a strong performance in Germany and Eastern Europe.

Gross premiums at Italy's biggest insurer Generali rose by 3.2 percent from a year earlier helped by a strong performance in Germany and Eastern Europe.

American International Group has replaced Apple Inc as the hedge fund industry's favorite stock, according to a Goldman Sachs Group analysis of fourth-quarter regulatory filings.

American International Group has replaced Apple Inc as the hedge fund industry's favorite stock, according to a Goldman Sachs Group analysis of fourth-quarter regulatory filings.

U.S. insurer Nationwide Mutual Insurance Company is seeking to raise $200 million protection for hurricanes and earthquakes in the United States by selling a catastrophe bond through Cayman Islands-based vehicle Caelus Re.

U.S. insurer USAA will not be able to cash in on two of its catastrophe bonds, because losses from superstorm Sandy and other 2011 natural disasters were not high enough to trigger a payout, Standard & Poor's said.

Florida Citizens Property Insurance Corporation will sell $250 million of hurricane coverage to investors in 2013 to recoup some of the cost of covering natural disasters in the state, the insurer said.