Reinsurance

After six months of declining employment figures, agents and brokers added 1,500 jobs in Junea month that saw employment growth in nearly all insurance subsectors.

Atwater: Why doesn't a drop in reinsurance costs to insurers result in reduced rates for homeowners? McCarty: Here's why...

Atwater: Why doesn't a drop in reinsurance costs to insurers result in reduced rates for homeowners? McCarty: Here's why...

Hannover Re posted a better than expected 30 percent rise in second quarter net profit, helped by a strong performance in reinsurance on cars and homes.

The world's biggest reinsurer, Munich Re, on Tuesday reported a 35 percent fall in second-quarter net profit due to more than $794 million in damage claims that included the heavy floods in central Europe in June.

Insurance industry payouts related to last year's sinking of cruise liner Costa Concordia have continued to rise and are likely to top $1.1 billion as salvaging of the wreck continues, reinsurer Munich Re said on Tuesday.