News

The hard market for financial institutions' insurance is unlikely to last through to the end of 2010, according to the latest Willis FI Index from insurance broker Willis Group Holdings.

Montpelier Re Holdings Ltd. announced the formation of a new U.K. managing general agent, Paladin Underwriting Agency Limited.

The airline insurance market continues its swing to hard prices with a 24 percent increase in rates for 26 airline renewals during the month of December, according to a report from Aon.

The regulator leading the National Association of Insurance Commissioners' controversial effort to collect insurer climate risk data said companies will be given lots of leeway in responding.

Disappointing returns on equity in the coming year may lead the property and casualty insurance industry to a quicker return to stiffer pricing, according to Keefe, Bruyette & Woods analysts.

State legislators have slammed a National Association of Insurance Commissioners proposal for regulatory reform, charging it would permit federal authorities to take over their insurance lawmaking function.