E&S/Specialty

On the heels of a report from one rating agency showing that U.S. property and casualty results are down for the first nine months of 2011 compared to 2010, another rating agency reports that 2011 third quarter net income for its rated companies, at $1.6 billion, is also down sharply...

Key milestones in the battle for Transatlantic, presented in a timeline. Alleghany Corp. and Transatlantic have agreed on a $3.4 billion cash-and-stock deal.

Specialty commercial insurers continue to lead the way for property and casualty insurers underwriting results for this years first nine months, but results overall are down sharply compared to same period in 2010, according to a Fitch Ratings analysis.

Specialty commercial insurers continue to lead the way for property and casualty insurers underwriting results for this years first nine months, but results overall are down sharply compared to same period in 2010, according to a Fitch Ratings analysis.

Transatlantic Holdings is to become an independent subsidiary of property and liability insurer Alleghany Corp. under the terms of an agreement valuing Transatlantic at about $3.4 billion.

A survey of employees at independent agencies has revealed that many clients do not understand their fiduciary exposures. Nearly 80 percent of agents say clients tell them they dont feel like there is an exposure.