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Sufficient insurance coverage for personal risk is on the minds of a significant number of chief executive officers, a new survey reveals.

Sufficient insurance coverage for personal risk is on the minds of a significant number of chief executive officers, a new survey reveals.

W.R. Berkley Corp. says second-quarter net income fell about 25 percent as catastrophes during the period more than doubled compared to last year.

WRM America Holdings LLC, a specialty-lines property and casualty insurance and risk-management holding company, has reached a definitive agreement to acquire Fidelity National Financial’s flood and excess flood business—Fidelity National Indemnity Insurance Co. (FNII)—for $210 million.

As more insurers begin to make second-quarter loss estimates from tornado-spawning storms that ravaged parts of the U.S. in April and May, Aon Benfield says insured losses for the two months are nearly triple the annual average over the last 20 years.

Greenwich, Conn.-based insurer W. R. Berkley Corp. says its estimated pre-tax losses for April and May U.S. storms are $65 million.

W. R. Berkley Corp. says it is forming Berkley Re U.K. Ltd. to be based in London.

Insurance company shares were mixed Tuesday amid speculation that the industry might see premiums increase given the slate of recent natural disasters and uncertainty over the upcoming hurricane season.