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"Each of our three major business units contributed substantially to earnings, and the specialty business reached a milestone in its recovery by achieving a combined ratio below 90," said John D. Finn
"ACE has recently benefited from favorable loss cost trends in liability lines, but we do not anticipate these trends will last and anticipate that lower pricing, as it has historically done, will lea
Arthur J. Gallagher insurance brokerage reported second quarter net income is down 29 percent from the period last year--driven down by the firm's agreement to give up its controversial contingent comm
A federal judge ruled last week in a shareholder's suit against Marsh & McLennan and executives of the company that while the company's exposure is limited, there is enough there to continue the case
In a recent research report, Morgan Stanley analyst William Wilt noted that Allstate, State Farm and Geico (Berkshire Hathaway) currently allocate a slim portion of their advertising budgets to the In
WASHINGTON--The American Insurance Association is voicing concern about the collapse of the latest World Trade Organization global trade talks, warning that if they ultimately fail, "a huge opportunity
Partner Re posted net income of $77.5 million in the quarter, compared to $159 million in the year-ago period. The 52 percent decline could be attributed in part to net realized after-tax investment l
For the quarter, the Daytona Beach, Fla.-based company reported net income rose $7.4 million, from $37 million or 27 cents a share, to $44.4 million or 32 cents a share this year. Revenues increased 1
WASHINGTON--The American Association of Managing General Agents has called on the members of the House Financial Services Committee to approve legislation designed to ease the regulatory burden on mult
While the members of the House Financial Services Subcommittee on Oversight and the House Homeland Security Subcommittee on Intelligence, Information Sharing and Terrorism Risk Assessment were in agre
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