Magian said the tail of outstanding liability has been reinsured with Everest Re, on terms that save much of the costs normally associated with closure and "which provide members with a high level of

President Bush ApprovesTRIA Extension BillHouse surrenders most of its proposal to adopt the Senate's bare-bones measureWASHINGTONPresident George W. Bush signed without comment or fanfare ...

Jeff Greenberg Launches ReinsurerBermuda firm backed by former Marsh chief executiveValidus Reinsurance Ltd.--a Bermuda-based startup backed by an investment group headed by former Marsh ...

Are Insurers Denying Oil B.I. Claims?Policyholder attorney says carriers cite soaring profits as rationale for rejectionNew YorkInsurers are citing windfall profits at oil companies ...

WashingtonWith the U.S. Senate considering a proposed asbestos injury fund, the Government Accountability Office is warning lawmakers they should be wary because federal compensation ...

Class Of '05 Startups May Not Get An 'A'Several factors could trip up carriers launched to capitalize on market turn, Fitch warnsThe "Class of ...

Greenberg Accused Of Cheating CharityIn 1970, Maurice Greenberg, the former head of American International Group, along with other executives cheated a charitable foundation created ...

Reinsurance Pricing ReboundMay Lack Anticipated BounceIs the pricing party over before it even began? In advance of Jan. 1 renewals, reinsurers are already toning ...