News

Toronto-based Fairfax Financial Holdings Limited has acquired specialty insurer First Mercury Financial Corp. in a transaction valued at approximately $294 million.

CNA Financial Corp. recorded a 2010 third-quarter net loss of $140 million, driven by a $365 million after-tax net loss related to its transfer of legacy asbestos and environmental pollution liabilities to Berkshire Hathaway's National Indemnity Company.

Atlas Insurance Management, a leading captive insurance management and consulting firm, announced it has been approved as a captive manager in the State of Montana.

The New Jersey Assembly approved the final version of a bill that can make New Jersey a captive insurance domicile, but also removed a portion of the bill that would

Property and casualty insurers and reinsurers are mounting a full-court press in an effort to limit involvement by federal and international regulators on their business.

As the population of "baby boomers" born between 1946 and 1964 heads closer to retirement, many face the reality that their years of hard work have not provided enough for a comfortable retirement.