News

American International Group Inc., the largest commercial insurer in the U.S. and Canada, said profit declined 67 percent on costs to pay down debt and add to reserves.

Many property and casualty insurance companies are heavily siloed. Over time, this has resulted in cross-functional inefficiencies between and across underwriting, claims, ceded reinsurance, actuarial, and finance.

Insurers get favorable marks for handling customer claims.

News from Navigators, ACE Group, Zurich and others.

Third Point Reinsurance doesn't expect to make any mergers in the near term.

Zurich fell short of an earnings target as fourth-quarter profit fell 20% on lower income from the general insurance unit.