London-based reinsurance broker Benfield Group Limited said it has made a $20.5 million cash investment in Globe Re, a new, limited-life reinsurance vehicle aimed at participating in a portfolio of U.

He fills the position left vacant after the resignation of Robert B. Lockhart in 2005 over discovery that he was involved in arranging improper payments in exchange for insurance contracts (see NU Onl

MAPFRE said it paid $36.70 in cash per share of Commerce's publicly traded stock, with total merger consideration of $2.2 million as of the date of the closing. The deal is worth more than $2.2 billio

MAPFRE said it paid $36.70 in cash per share of Commerce's publicly traded stock, with total merger consideration of $2.2 million as of the date of the closing. The deal is worth more than $2.2 billio

WASHINGTON--The chairman of the House Financial Services Committee plans to ask the Speaker of the House to begin the process of ironing out differences in the flood bill legislation passed by the two

HAMILTON, BERMUDA--Employment practices claims could soar this year as more companies lay off workers in a faltering economy--particularly in the financial institutions sector, professional liability un

HAMILTON, BERMUDA--Bermuda faces a number of threats to its supremacy as a global insurance center, including a potentially "catastrophic" challenge to its relative tax advantage, the U.S. consul gener

Melvyn I. Weiss, the attorney who led numerous class action-suits against insurers and other corporations, will serve 30 months in federal prison and pay more than $9 million in forfeiture and fines a