Reinsurance

A new GAAP accounting standard that allows insurers to select financial assets and liabilities to be reported at fair value is upon us. The new standard presents insurance company managers with

Net premiums written by 21 U.S. property-casualty reinsurers declined by 8.7 percent during the nine months ended Sept. 30, compared with the same period last year, a reinsurance trade group announced

That scheme will now go before the NAIC's Financial Condition "E" Committee before proceeding to the NAIC executive committee and then a final plenary session. The framework allows non-U.S. reinsurers

Warren E. Buffett, chief executive of Berkshire Hathaway, is scheduled to testify in the fraud case of four former General Reinsurance executives and a former executive from American International Gro

"Bermuda's future is boundless," he said. "Our economic future is strong; it's the envy of much of the world." However, during the same message, he also addressed growing political tensions and

The House on Thursday night gave bipartisan support to legislation aimed at helping coastal states with national catastrophes by pooling their catastrophic risk and transferring it to the private