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The property-casualty insurance industry should end 2007 with a fourth year of double-digit returns on statutory capital, but the soft market cycle could lead to a loss by 2009, Fitch Ratings said tod

XL Insurance, the insurance operation of XL Capital Ltd., announced yesterday it had completed the acquisition of Global Asset Protection Services LLC from Swiss Re. The purchase price was not announc

XL Insurance, the insurance operation of XL Capital Ltd., announced yesterday it had completed the acquisition of Global Asset Protection Services LLC from Swiss Re. The purchase price was not announc

Miami is projected to have the world's highest coastal flood risk by the 2070s, with property and infrastructure exposed assets increasing from $400 billion today to more than $3.5 trillion, according

That scheme will now go before the NAIC's Financial Condition "E" Committee before proceeding to the NAIC executive committee and then a final plenary session. The framework allows non-U.S. reinsurers

o Improved national leadership and coordination with national targets for reducing flood risk. A single national body would be responsible for flood management strategy to replace the current piecemea