News

Reinsurance capital has grown by 17 percent over the end of 2009 primarily on the strength of investment returns, according an Aon Benfield report.

Most life insurer chief financial officers think the economy will be the chief obstacle to meeting company objectives in 2011.

The financial services industry, including insurance, has made strides in the two years since the financial crisis to incorporate enterprise risk management into decision-making, Towers Watson found in its 2010 ERM survey.

Former New York Mayor Rudolph Giuliani slammed ex-New York Attorney General Eliot Spitzer's investigative tactics and defended Maurice "Hank" R. Greenberg, calling him a great man who was unfairly persecuted.

Rep. Judy Biggert, R-Ill., was named to head the House Financial Services Committee subcommittee that deals with insurance in the next Congress.

Reinsurance broker Guy Carpenter & Company said Chinese insurance authorities have awarded the firm a broking license that would make it the first of its kind there.