News

Troubled bond insurer Ambac says David Wallis, its president and CEO, and Kevin Doyle, senior vice president and general counsel, have resigned.

Troubled bond insurer Ambac says David Wallis, its president and CEO, and Kevin Doyle, senior vice president and general counsel, have resigned.

Despite a third consecutive year of underwriting losses, Fitch Ratings says it is maintaining its stable outlook on the personal-lines insurance market based on the industry’s strong capital position and expectations that market pricing conditions will continue to trend positively.

Tennessee Gov. Bill Haslam has signed legislation that will allow the formation of captive-insurance companies in the state.

Tennessee Gov. Bill Haslam has signed legislation that will allow the formation of captive-insurance companies in the state.

The property & casualty industry continued to release reserves in 2010, but this part of the reserving cycle may be coming to an end, says a report on loss reserves from Conning Research & Consulting.