News

Aon says net income increased 69 percent due to new business and the integration of Hewitt into its consulting business.

A tropical-storm warning is in effect for the Texas coast from the mouth of the Rio Grande River up to Matagorda, according to the National Hurricane Center.

Lloyd’s says it has received approval from the New York Insurance Department to post reduced collateral on reinsurance contracts.

The commercial property and casualty market is showing more evidence that the long soft-market cycle may be grinding to a halt, as the latest survey of insurance brokers indicates a modest increase in pricing.

The commercial property and casualty market is showing more evidence that the long soft-market cycle may be grinding to a halt, as the latest survey of insurance brokers indicates a modest increase in pricing.

The first quarterly earnings conference call with new Liberty Mutual Group President and CEO David H. Long involved the reporting of a net loss of $170 million for the 2011 second quarter, driven by nearly $1.3 billion in catastrophe losses.