News

Swiss Re reported third quarter net income of 334 million Swiss francs (U.S. $324 million at the current exchange rate) resulting from a mild catastrophe season and disciplined underwriting, the company said.

Ten leading scientific institutions from the United Kingdom and New Zealand have joined the Willis Research Network funded by insurance broker Willis Group Holdings Ltd.

The Hanover Insurance Group, Inc. reported a third quarter profit of $49.7 million, compared to a third quarter loss last year of $61.8 million.

Attendees at the annual National Association of Subrogation Professionals (NASP) conference learned that hiring the right person isn't as arbitrary as it might seem.

The full House is unlikely to debate financial services reform legislation until the first week of December, Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, said.

The property and casualty market, in part because of asbestos losses, has a heightened risk of moving toward a deficient reserve position going forward, according to Fitch Ratings.