With the industry's capital drained this year by natural catastrophes, financial market losses and falling rates, "the end of the soft market in insurance has arrived," according to Evan Greenberg,

The insurance industry is split down the middle over whether to accept funds from the $700 billion federal bailout program, with life insurers intrigued by the idea, but property-casualty carriers

Ronald E. Ferguson the former chief executive of General Reinsurance and four codefendants, all convicted of securities fraud, committed crimes that qualify as high level offenses subject to stiff sen

A Swiss Re spokesperson explained that, under the Kyoto Protocol, a country will agree to reduce emissions by a certain percentage. To meet the benchmarks, the country must improve efficiencies. If a

In a comment letter submitted to the Treasury Dept. Wednesday, the bond insurers, also known as monolines, contended that helping them would also ensure the stability of their customers, including mun

It found that a magnitude 7.0 earthquake rupturing the entire length of the Hayward Fault would result in economic losses between $210 billion and $235 billion, with only up to $30 billion likely to b

Scott Donovan, Odyssey Re executive vice president and chief financial officer, said in a conference call that the company increased its net income due to higher realized gains, despite suffering an o

Aon's net income for the third quarter fell by $87 million, going from $204 million, or 69 cents a share last year, to $117 million, or 43 cents a share. Revenues increased 6 percent, or $98 million,