The revised loss estimate is based on "a new post-event modeling methodology that captures the uncertainty in Ike's wind and storm surge footprint, due to the lack of observations, using an ensemble o

The revised loss estimate is based on "a new post-event modeling methodology that captures the uncertainty in Ike's wind and storm surge footprint, due to the lack of observations, using an ensemble o

The Chubb Corp. reported that its third-quarter net income dropped 64 percent, primarily from catastrophe losses related to Hurricane Ike, but its combined ratio managed to come in below 100 despite t

The New York-based rating service said it placed the Hamilton, Bermuda-based insurer's "A-1" financial strength ratings on its insurance subsidiaries and the "Baa1" senior debt rating on XL Capital Lt

Ms. Colvin was previously chief risk officer for Skandia; group risk director at Royal & Sun Alliance, and director of risk, compliance and internal audit at Pearl Assurance. She has also worked as a

Itasca, Ill.-based insurance broker Arthur J. Gallagher & Co. today declared a regular quarterly cash dividend of 32 cents per share payable on Jan. 15 ...

A group of insurance industry associations from around the world has issued a statement to the International Association of Insurance Supervisors (IAIS) calling for international regulatory cooperatio

American International Group today named Paula Rosput Reynolds, the former chairman and chief executive officer of Safeco, to oversee the asset sale needed to pay back its huge borrowings from the F