Sales this year of new catastrophe bonds have been the second highest since the market began, despite potential losses for investors as a result of superstorm Sandy, Swiss Re said on Thursday.

Sales this year of new catastrophe bonds have been the second highest since the market began, despite potential losses for investors as a result of superstorm Sandy, Swiss Re said on Thursday.

Allianz will need at least three years to turn its troubled U.S. unit Fireman's Fund into a dependably profitable niche insurer, an Allianz board member said.

A long-running legal dispute between Bank of America Corp. and insurer MBIA could be settled in early 2013 after recent maneuvers involving MBIA's bonds, analysts at research firm CreditSights wrote.

A long-running legal dispute between Bank of America Corp. and insurer MBIA could be settled in early 2013 after recent maneuvers involving MBIA's bonds, analysts at research firm CreditSights wrote.

American International Group Inc will sell nearly all of aircraft leasing business ILFC to a Chinese consortium for up to $4.8 billion, in a deal that gives the fastest growing aviation market easier and cheaper access to planes.

The U.S. Supreme Court on Monday refused to hear an appeal by a taxpayer who claimed the government's 2008 bailout of the insurer American International Group Inc violated the constitutional separation of church and state.

A strong quake centred off northeastern Japan shook buildings as far away as Tokyo on Friday and triggered a one-metre tsunami in an area devastated by last year's Fukushima disaster