News

The impact of natural catastrophes took a toll on Swiss Re during the 2011 first quarter, as the company reported a net loss of $665 million.

State Auto Financial Corp. says higher levels of catastrophes and large liability losses offset strong personal auto results and improvements in property lines.

Insurance broker Willis Group Holdings reported first quarter net income dropped 80 percent primarily related to its operational review and repurchase of debt.

Insurance broker Willis Group Holdings reported first quarter net income dropped 80 percent primarily related to its operational review and repurchase of debt.

The Senate Banking Committee on May 12 will hear from the industry and members of the Financial Stability Oversight Council on the criteria the agency will use in determining if an insurance company is eligible for federal oversight.

The Senate Banking Committee on May 12 will hear from the industry and members of the Financial Stability Oversight Council on the criteria the agency will use in determining if an insurance company is eligible for federal oversight.