Reinsurance

Domestic insurance companies reported mixed third-quarter results, with State Auto taking a net loss, although a narrower loss than last year, while EMC Insurance Group and Safety Insurance Group reported higher net income.

Brian Duperreault, the chief executive of Marsh & McLennan Companies says the insurance industry has plenty of capacity to handle losses from Hurricane Sandy, but underwriters will be taking a closer look at the region in the future.

Hannover Re beat forecasts with net profit that rose by 63 percent to 265.5 million euros ($339 million) in the third quarter, helped by surging investment income and a dearth of big damage claims.

Hannover Re beat forecasts with net profit that rose by 63 percent to 265.5 million euros ($339 million) in the third quarter, helped by surging investment income and a dearth of big damage claims.

Reinsurers should be able to absorb losses from Superstorm Sandy without a negative ratings impact, says Fitch Ratings. Meanwhile, Moodys Investors Service says the storm could, in a worst-case scenario, cause losses for the Combine Re catastrophe bond.

Reinsurers should be able to absorb losses from Superstorm Sandy without a negative ratings impact, says Fitch Ratings. Meanwhile, Moodys Investors Service says the storm could, in a worst-case scenario, cause losses for the Combine Re catastrophe bond.