Zurich Financial Services Group says it has signed a definitive agreement with Banco Santander SA to buy a majority interest in the bank’s Latin America insurance operations.

Two reports on catastrophe bonds show they are heavily weighted toward U.S. hurricane risks. Investors, “keen” on the cat-bond market overall, are eager to place their dollars in other cat-bond categories as well.

In what industry observers are describing as a “significant deal,” Accenture has entered into an agreement to acquire privately held Duck Creek Technologies, which specializes in software solutions for the property and casualty insurance industry. Terms of the transaction, which is expected to close within the next 30 days, were...

An Allstate agents’ group is asking its members to consider aligning with a union and forming a guild to aid in its fight against what the group says are unfair business practices toward agents by the company.

The National Association of Insurance Commissioners (NAIC) has decided an indirect, behind-the-scenes approach to reducing the strain on health-insurance agents through the medical-loss ratio (MLR) provision will be most effective.

It remains unclear whether the federal government will be able to fully recoup its investment in American International Group (AIG), the Government Accountability Office (GAO) says in a new report.

State insurance regulators and legislators have a long way to go to implement a federal law that goes into effect today and is meant to modernize surplus-lines regulation.

A medical-liability insurance trade group is praising the decision of the “gang of six” deficit-reduction panel to include a mandate in its plan for Congress to enact medical-malpractice reform.