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Germany's Munich Re missed expectations for quarterly profit, as Europe's debt market storm, including more writedowns on Greek bonds, buffeted investment income.
Moody's says the freak late-October nor'easter that dumped snow in the Northeast is expected to be a major capital or credit event for the property and casualty insurance industry.
The sparring between Transatlantic Holdings and Validus Holdings over the latters bid to acquire the former continues with Validus criticizing an investor presentation by Transatlantics board explaining why shareholders should reject Validus latest offer.
Liberty Mutual Group reported a third-quarter loss of more than $100 million on the combination of catastrophe losses and reserve increases related to asbestos liabilities.
Liberty Mutual Group reported a third-quarter loss of more than $100 million on the combination of catastrophe losses and reserve increases related to asbestos liabilities.
The full National Association of Insurance Commissions passed a landmark model law Sunday that seeks to reduce reinsurance collateral requirements for non-U.S. reinsurers domiciled in qualified jurisdictions.
Third-quarter net income at Warren Buffets Berkshire Hathaway fell about 24 percent to $2.28 billion on more than $2.4 billion in losses on derivatives.
A survey by a global economic think tank says it is important for corporations to understand that long-term planning is as important as short-term concerns, and more executives are recognizing the need for making plans long into the future.
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