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Andreas Zdrenyk, Converium's chief financial officer, said the restatement on reinsurance contracts "related primarily to the U.S. GAAP [Generally Accepted Accounting Principles] requirement that rein

Last year, Swiss Re incurred an estimated $2.3 billion in large natural catastrophe claims, up from $918 million in 2004. After releases from equalization reserves, the net after-tax impact to the bot

Financial Software Innovations, Inc., and Mitchell Humphrey have agreed to provide clients in the insurance industry with integrated accounting software solutions. FSI develops and markets annual and

They revealed that time table at the Third Annual Insurance Summit, held today in Washington. However, all those participating in the Summit voiced doubt that action on such legislation could occur

"We're glad to see the President's Working Group on Financial Markets taking action on this vitally important study," said Dennis Kelly, a spokesman with the American Insurance Association. "AIA will

"We're glad to see the President's Working Group on Financial Markets taking action on this vitally important study," said Dennis Kelly, a spokesman with the American Insurance Association. "AIA will