Allied World Assurance Company, Ltd., has suspended its chief underwriting officer as a result of an investigation launched by the Attorney General of Texas stemming from the company's relationships w

"The issuance of hybrid securities is a very cost-competitive source of long-term capital for Validus," Ed Noonan, chairman and chief executive of the Bermuda-based carrier, said in a statement. The c

Lexington Insurance Company, a subsidiary of New York-based American International Group Inc., said it has increased its capacity for commercial domestic property insurance to $250 million from $100 m

The legislation, known as S. 2509 or the National Insurance Act of 2006, introduced by Sens. John Sununu, R-N.H., and Tim Johnson, D-S.D., would establish an alternate federal insurance regulatory sys

In disclosing the plans of Reps. Ed Royce, R-Calif., and Paul Kanjorski, D-Pa., to introduce legislation, Sen. John Sununu, R-N.H., said the lawmakers should work to maintain the broad focus of the Se

The broker said it has completed its own technology testing that will allow insurance and reinsurance quotations to be requested and distributed electronically. The information will be extracted from

Insurers are continuing to press for different treatment of hybrid securities by the National Association of Insurance Commissioners, claiming that failure to do so could be costly to companies and un

The National Association of Insurance Commissioners and the United States insurance regulatory community are committed to working closely with Europeans on the Solvency II project, said NAIC President