Reinsurance

WASHINGTON--Senate Democrats expressed strong backing at a hearing today for continuing government insurance industry support for terrorism catastrophe losses, but concerns voiced about the program by

The new law also eliminates a requirement that Citizens' rates be noncompetitive and creates an anti-cherry picking measure requiring auto insurers in Florida that write homeowners coverage in other s

Reinsurance recoverables, which are essentially the outstanding claims held by insurers against their reinsurers--or in this case, by reinsurer Hannover Re against its retrocessionaires--have been a sub

The firm, a subsidiary of New York-based professional services company Marsh & McLennan Companies, said Mr. Zaffino will continue in the role of nonexecutive chairman. In this capacity, he will work i

Reps. Dennis Moore, D-Kan., and Ginny Brown-Waite, R-Fla., who also introduced the measure in the 109th Congress last year, announced the bill and expressed optimism that it would again be passed by t

Reinsurance broker Aon Re Global, a unit of Chicago-based insurance broker Aon Corp., announced a series of appointments in its newly formed Europe-Middle East-Africa (EMEA) region and in the United K