News

As Knight Capital Group Inc struggles for survival after massive trading losses it said were caused by bad software, there seems to be little chance it can rely on insurance to save the day.

Europe's biggest insurer, Allianz, is worried about the role central banks may have played in an interest rate rigging scandal that has enveloped some leading international lenders, the insurer's chief financial officer said on Friday.

Europe's biggest insurer, Allianz, is worried about the role central banks may have played in an interest rate rigging scandal that has enveloped some leading international lenders, the insurer's chief financial officer said on Friday.

Four reinsurers posted positive numbers for the second quarter of this year as a benign catastrophe season helped lift net income considerably over last years second quarter.

The fifth named storm of the 2012 Atlantic Hurricane Season formed just as Colorado State University experts issued a slightly upgraded forecast for the remainder of the season.

Captives are starting to feel the squeeze of market conditions, low-investment yields, and issues in the global-financial markets, according to A.M. Best, which reports that a composite of 209 captives it follows reported a decline in net income for 2011.