Legislation introduced that would place significant restrictions on domestic insurers that cede reinsurance to their foreign affiliates is being strongly opposed by the Risk and Insurance Management Society, (RIMS), which it says could ultimately impact capacity.

Legislation introduced that would place significant restrictions on domestic insurers that cede reinsurance to their foreign affiliates is being strongly opposed by the Risk and Insurance Management Society, (RIMS), which it says could ultimately impact capacity.

Aspen Insurance Holdings Ltd. has named Mario Vitale, currently president of Aspen U.S. Insurance, as the company s co-chief executive officer.

Speaking for the Council of Insurance Agents & Brokers, an insurance broker says certain provisions of the healthcare-reform law are raising healthcare costs, creating uncertainty among employers, and costing agents and brokers industry jobs

Speaking for the Council of Insurance Agents & Brokers, an insurance broker says certain provisions of the healthcare-reform law are raising healthcare costs, creating uncertainty among employers, and costing agents and brokers industry jobs

Ambac Assurance Corp. won a bid to reinstate a fraudulent inducement claim against a unit of Credit Suisse Securities over a 2007 mortgage-backed securities transaction Ambac insured.

Losses from Hurricane Jova, which struck the Pacific coast of Mexico this week, are estimated to be less than $52 million, says catastrophe modeler AIR Worldwide.

Montpelier Re Holdings Ltd. estimates its third-quarter catastrophe losses will stand at around $60 million before taxes, and along with other carriers, reported cat insurance losses are well over $500 million for the past two weeks.