Torus says it has reached an agreement with Montpelier Reinsurance Ltd., to sell the renewal rights of its property catastrophe reinsurance book of business with immediate effect.

How can carriers and agents help each other overcome issues that challenge their business? We asked five experts to chime in with their opinions.

Moodys says second-quarter catastrophes took a toll on property and casualty insurers earnings, but there are no signs that price competition on the commercial side will let up anytime soon.

American International Group Inc. has paid the federal government $2.15 billion this week after selling off a life insurance subsidiary, trimming its financial bailout balance to roughly $51 billion.

QBE Insurance Group says first-half profit increased 53 percent to $673 million, but the insurer's profit margin fell to 11.2 percent from 15.8 percent as catastrophe losses totaled nearly $1.1 billion.

Marsh & McLennan Companies, Inc. says it has increased its stock buy-back program to $1 billion with the addition of $500 million in repurchase authority.

Marsh & McLennan Companies, Inc. says it has increased its stock buy-back program to $1 billion with the addition of $500 million in repurchase authority.

Young people screamed and fled in panic as a fierce thunderstorm shredded huge canvas tents and brought down metal scaffolding at an open-air festival in Belgium, killing five people.