Britain's financial regulator fined Lloyds Banking Group $6.7 million on Monday for not paying compensation quickly enough to customers wrongly sold insurance on loans and mortgages.

Zurich Insurance beat forecasts with a 3 percent rise in 2012 net profit after big fourth-quarter investment gains offset charges taken against its German business and Storm Sandy-related payouts.

Zurich Insurance beat forecasts with a 3 percent rise in 2012 net profit after big fourth-quarter investment gains offset charges taken against its German business and Storm Sandy-related payouts.

Insurers Generali and Zurich will invest in a Spanish bank set up by the government to manage toxic property assets, three sources familiar with the situation said.

Insurers Generali and Zurich will invest in a Spanish bank set up by the government to manage toxic property assets, three sources familiar with the situation said.

The U.S. Federal Housing Administration will raise fees and implement other "aggressive measures" so it may not need taxpayer money to cover a projected deficit for the first time in the agency's nearly 80-year history.

Nephila Capital, a fund manager that invests in natural catastrophe insurance, is to give a broad range of investors access to reinsurance-linked investments for the first time via the Lloyd's of London insurance market.

Nephila Capital, a fund manager that invests in natural catastrophe insurance, is to give a broad range of investors access to reinsurance-linked investments for the first time via the Lloyd's of London insurance market.