Commercial Lines

Hartford Financial Services Group Inc. sees lower credit losses in the third quarter and said it has no direct exposure to sovereign European debt.

Hartford Financial Services Group Inc. sees lower credit losses in the third quarter and said it has no direct exposure to sovereign European debt.

The property and casualty sector should see some premium growth in the third quarter, and rate cutting seems to have slowed or even stopped, according to a Keefe, Bruyette & Woods analysis, but the report says that with the weak economy, we continue to have a dim view on growth...

HSBC Holdings has approached the top three property-and-casualty insurers in Japan about the sale of its non-life insurance business, which could fetch more than $1 billion, sources close to the matter said on Thursday.

HSBC Holdings has approached the top three property-and-casualty insurers in Japan about the sale of its non-life insurance business, which could fetch more than $1 billion, sources close to the matter said on Thursday.

European insurers are financially robust and unlikely to require injections of fresh capital, barring an Italian sovereign default or break-up of the single currency area, analysts said.