News

The chances that the National Flood Insurance Program will be reauthorized for a long period by the next Congress have risen considerably through the Republican takeover of the House, according to industry officials and outside analysts.

There is a potted plant somewhere in your office, or maybe in the lobby of your building.

With its third-quarter net income result doubling over last year, and its capital position improving, Swiss Re said it has reached agreement to repay Berkshire Hathaway, which injected $2.6 billion into the Zurich-based reinsurer last year.

Lloyd's Market Franchise Board gave its "in principle" approval for the creation of Syndicate 2015, SCOR announced.

Ambac Financial Group Inc. said it intends to file for Chapter 11 bankruptcy before the end of the year if it cannot reach an agreement with debt holders.

Hamilton, Bermuda-based XL reported a 2010 third-quarter increase in net income while two other Bermuda-based insurers and reinsurers said net income was down for quarter.