Insurance interests were successful in securing one change in the House legislation. Rather than having the measure effective immediately upon the governor's signature, the bill would not go into law

The Bermuda-based company, which has a market capitalization of $1.37 billion, initiated the restatement after examining whether three finite risk retrocession contracts contained enough risk transfer

The Bermuda-based company, which has a market capitalization of $1.37 billion, initiated the restatement after examining whether three finite risk retrocession contracts contained enough risk transfer

Frank Keating, chief executive officer of the American Council of Life Insurers, noted the Treasury Department will house the proposed federal insurance regulator should optional federal charter legis

Fitch analyst Brian Schneider said the rating reflected Citizens' state-authorized power to assess a large and diverse base of property insurers and policyholders in Florida following a large catastro

The bill was introduced May 25 by Sens. Bill Nelson, D-Fla., and Mary Landrieu, D-La., and won the praise of the co-chairs of ProtectingAmerica.org, a group formed to promote federal-state backstops f

As the National Association of Insurance Commissioners heats up efforts to restructure reinsurance regulation, ceding companies have formed their own interested parties group to advocate their unique

Alea North America Insurance Company agreed to sell its Delaware excess and surplus lines carrier to Praetorian Financial Group Inc. for at least $30 million, Alea Group Holdings (Bermuda) Ltd. announ