Reinsurance

Catastrophe modeler Eqecat says floods in Central Europe are the most damaging since 2002, when insured losses nearly reached US$3.9 billion.

Italian insurer Generali said on Tuesday that it had agreed to sell its U.S. life reinsurance business to France's Scor for $750 million as it continues to target the sale of non-core assets.

XL Group says it has created a dedicated Reinsurance Global Emerging Markets unit and appointed Philippe Rochaix to lead it.

Florida has enjoyed a record run of seven years without a hurricane making landfall, but industry experts question whether Florida's state-controlled insurance system is able to cope in the long term.

Florida has enjoyed a record run of seven years without a hurricane making landfall, but industry experts question whether Florida's state-controlled insurance system is able to cope in the long term.

A group of 19 U.S. reinsurers more than doubled its first-quarter net income in 2013 compared to the year before thanks in large part to a dramatic turnaround in net underwriting gains.