Commercial Lines

Specialty program manager Meadowbrook Insurance Group Inc. says it expects to add more than $31 million to its reserves to handle higher-than-expected loss activity from accident years 2009, 2010 and 2011.

The Travelers Co.s record third-quarter net-income result was as much a product of a disciplined underwriting strategy as the benign catastrophe season, company executives say.

RLI Corp. posted a 6.2 percent increase in net earnings for 2012s third quarter compared to the same period a year ago despite reporting lower underwriting income and a reduced benefit from favorable prior-year reserves.

RLI Corp. posted a 6.2 percent increase in net earnings for 2012s third quarter compared to the same period a year ago despite reporting lower underwriting income and a reduced benefit from favorable prior-year reserves.

Travelers Cos Inc posted a record quarterly operating profit as prices rose and losses from natural disasters fell sharply, the property insurance company said on Thursday.

Zurich Insurance Group said on Wednesday its third-quarter operating profit will be hit by a $550 million pretax charge as the company strengthens claims provisions for its German businesses and writes off some deferred costs to acquire new business.

Commercial insurance premium growth was nearly three times higher in emerging markets compared to advanced markets from 2000-2010, and insurers are expected to seek more growth opportunities in these regions as economic growth slows in advanced markets, a new report says.

Hurricane Paul weakened as it closed in on a sparsely populated area of Mexico's Baja peninsula on Tuesday, while Hurricane Rafael was expected to miss Bermuda in the Atlantic, the U.S. National Hurricane Center said.