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FM Global, one of the globe's leading business-property insurers, reports that its net income for 2012 was $774 millionand that the mutual posted a profitable combined ratio of 85.7 percent, despite the impact of Superstorm Sandythe insurer's single largest net aggregate natural disaster loss to date, which resulted in approximately...

FM Global, one of the globe's leading business-property insurers, reports that its net income for 2012 was $774 millionand that the mutual posted a profitable combined ratio of 85.7 percent, despite the impact of Superstorm Sandythe insurer's single largest net aggregate natural disaster loss to date, which resulted in approximately...

W.R. Berkley Corp. says it expects between $40 million and $50 million in pretax losses from Superstorm Sandy.

Millions of people across the U.S. Northeast stricken by massive storm Sandy will attempt to resume normal lives on Wednesday as companies, markets and airports reopen, despite grim projections of power and mass transit outages lasting several more days.

New York state's financial regulator said on Monday that it had licensed the first-ever mutual municipal bond insurer, which expects to start underwriting small deals later this year.

New York state's financial regulator said on Monday that it had licensed the first-ever mutual municipal bond insurer, which expects to start underwriting small deals later this year.

A Manhattan federal judge has ordered an insurer to keep advancing legal fees of a hedge fund implicated in a criminal insider trading probe, saying the insurer was not excused because a fund analyst knew there might be a fraud when the policy was taken out.

Greenwich, Conn.-based insurer W.R. Berkley Corp. says it has received approval by the U.K. Financial Services Authority and Lloyds of London for W. R. Berkley Syndicate Management Ltd. to act as a Lloyds managing agent.