News

Bermuda-based reinsurers continued to report reduced earnings, driven mainly by catastrophe losses.

While claim settlement is the largest driver of customer satisfaction during a property claim experience, first notice of loss drives a significant 21 percent of the experience and often sets the tone for the remainder of the claims process, a new J.D. Power and Associates study says.

Two regional insurers took earnings hits in the 2011 second quarter due to catastrophe losses.

Although Tropical Storm Don's path is south of the main oil and gas producing regions in the Gulf, about 500 operating oil and gas rigs are in the storm's path and could face damage.

State insurance regulators told Congress today that they have heightened regulation of holding companies in the wake of problems experienced by American International Group.

Transatlantic Holdings Inc. is urging stockholders to reject a $3.5 billion unsolicited merger offer from Validus Holdings Ltd.