Willis Re, the reinsurance arm of the global insurance broker Willis Group Holdings, has appointed James Byng as resource group leader for its international and specialty reinsurance business, the company announced.

Although reinsurance prices were down for the June 1 renewals, one reinsurance executive recently speculated that price hikes in the insurance loss warranty (ILW) market

Tropical Storm Alex was strengthening in the Gulf of Mexico on Tuesday and has caused the evacuation of a number of oil production facilities.

Group-wide supervision means factoring all risks of a group into regulations, according to an executive at the Bermuda Monetary Authority

The former chief executive officer of the American International Group Financial Products Division said that the collateralized debt obligations (CDO) that undermined the company's financial foundations should not have caused the losses they did.

This white paper identifies seven levels of claim automation and provides a roadmap that can be followed to enhance claim processing for insurance companies worldwide.

Non-life insurance business was not heavily affected by the global recession as premiums remained relatively flat at $1.74 billion in 2009 compared to 2008, according to a Swiss Re sigma report on world insurance premiums.

The Supreme Court, in a divided ruling on Monday, said part of the Sarbanes-Oxley Act of 2002 is "incompatible" with the Constitution.