News

Airline insurance placements saw their third straight month of premium increase pointing to an increasingly hardening market in that sector, Aon insurance brokerage said.

Columbus Ohio-based Grange Insurance, said it has named Joseph DiMartino president of personal lines.

The chief executive of a reinsurance brokerage firm has urged a trade group to look into the creation of a capital pool for expanding Risk Retention Groups.

American International Group has paid back about $62 billion of its $183 billion debt to the government, but whether it can repay the full amount remains uncertain, an official study concluded last week.

Lloyd's of London reported a profit increase of 39 percent for the first six months of this year, but warned that the ongoing effects of the recession and uncertainty over natural catastrophes could still adversely affect year-end results.

The nation's insurance regulators after a hearing examining the flawed performance of the rating agencies left unresolved what their next move will be.