Markets

A dozen Bermuda reinsurers that released first-quarter 2010 earnings over the last week were hit hard by $1.4 billion in catastrophe losses, primarily related to the earthquake in Chile.

Executives at a large number of biotechnology firms are concerned that their companies could be targeted.

Bermuda-based Torus announced its intention to acquire Glacier Insurance AG headquartered in Liechtenstein for undisclosed terms today.

The Florida legislature has passed a bill that would exclude certain commercial insurance lines from the rate filing and approval process.

W. R. Berkley Corp. has formed Verus Underwriting Managers, LLC, and named industry veteran Dale Pilkington to head up the new unit.

The National Association of Professional Insurance Agents' branding campaign is now available in Spanish, the association said.

Florida CFO Alex Sink and Insurance Commissioner Kevin McCarty continue their letter writing campaigns to one another regarding property insurance.

To build relationships with adjusters, vendors must understand their role in contributing to competence, cost efficiency, and expediency in resolving claims.