Reinsurance

New York Citys Mass Transit Authority is giving a loss estimate of $5 billion of which private insurers should kick-in more than $1 billion.

New York Citys Mass Transit Authority is giving a loss estimate of $5 billion of which private insurers should kick-in more than $1 billion.

The Travelers Companies, Inc. released a preliminary estimate of net losses relating to Superstorm Sandy of approximately $650 million after tax and after estimated recoveries from reinsurance.

The Travelers Companies, Inc. released a preliminary estimate of net losses relating to Superstorm Sandy of approximately $650 million after tax and after estimated recoveries from reinsurance.

British equity investors have put $100 million into a new reinsurance fund, the latest example of mainstream investors seeking exposure to the sector's rising prices and relative immunity from financial shocks.

The U.S. property practice leader of broker Marsh says Superstorm Sandy will likely drive rate increases as the Jan. 1 renewals approach.