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Reinsurance recoverables, which are essentially the outstanding claims held by insurers against their reinsurers--or in this case, by reinsurer Hannover Re against its retrocessionaires--have been a sub
Hub may still solicit proposals and negotiate with other parties until March 19. If Hub terminates the agreement before April 10 to enter into an alternative deal, the firm would pay a break-up fee of
The Oldwick, N.J.-based firm said the impact of the reform measure on the reinsurance sector may be limited to an overall price softening as the legislation encourages an exit from the Florida market
Skywire Software announced the completion of its $127 million acquisition of Docucorp International, a provider of customer communication management solutions. The companies will merge to deliver
New York's new attorney general, Andrew Cuomo, appears to be taking over where Gov. Eliot Spitzer left off in pursuit of a lawsuit against American International Group's former chief executive,
The representatives--one black and the other Hispanic, who both hail from districts with a preponderance of minority residents--have alerted colleagues they intend to introduce legislation that would
Mississippi Attorney General Jim Hood's plan to tie auto insurance underwriting to property coverage got a lukewarm response from the governor and insurance commissioner, while being universally
Mr. Hunter, who now serves as insurance director of the Consumer Federation of America, has begun work in Tallahassee to determine how much rates should be cut by all Florida residential property
American Financial, a property-casualty insurer with commercial products and a stake in a transportation carrier, has offered $23.50 per share in cash for all the outstanding shares it does not
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