The European Union's powerful insurance watchdog EIOPA on Friday blasted stagnant political talks to finalise new risk capital rules for the insurance sector, saying delay was undermining EU credibility internationally.

The European Union's powerful insurance watchdog EIOPA on Friday blasted stagnant political talks to finalise new risk capital rules for the insurance sector, saying delay was undermining EU credibility internationally.

A German insurance giant revealed employees put a trip to a swingers' hotel in Jamaica on company expenses when it published the results of an internal audit on a public website.

A German insurance giant revealed employees put a trip to a swingers' hotel in Jamaica on company expenses when it published the results of an internal audit on a public website.

The reinsurance industry has pulled back from protecting investors against non-payment of debt, reducing its exposure by 80 percent over the past nine years, industry regulators said on Tuesday.

Former New York Governor Eliot Spitzer and the online magazine Slate on Friday won dismissal of a $60 million libel lawsuit by a former Marsh & McLennan Cos executive over a column about an insurance bid-rigging scandal.

China's fledgling insurance and reinsurance market cannot meet the soaring costs of natural disasters, but has the data and modeling capability to offload the risk to the private market via insurance-linked securities solutions.

Britain's consumer watchdog could on Friday call on competition regulators to probe the motor insurance market just as its biggest player, Direct Line, enters a critical phase in its planned stock market listing, London's biggest in over a year.