Reinsurance

Property and casualty insurers and reinsurers 2013 first-half profitability grew compared to the same period in 2012, but the current pricing cycle may be reaching its peak, a new report says.

Property and casualty insurers and reinsurers 2013 first-half profitability grew compared to the same period in 2012, but the current pricing cycle may be reaching its peak, a new report says.

Meadowbrook Insurance promises to defend itself and "pursue all remedies" related to securities class-actions against it.

Rising seas, growing populations and shifting continents may cause global flood losses to reach from $60 billion to $1 trillion by mid-century.

Rising seas, growing populations and shifting continents may cause global flood losses to reach from $60 billion to $1 trillion by mid-century.

Flooding was the main cause of $17 billion in global natural catastrophe during the first half of the year, says Swiss Re.