Richard Trezza, president of Morristown, N.J.-based program administrator Core Programs LLC, recalls discovering his own personal niche in the insurance world: I graduated with a business administration degree, decided I dont like corporate America and went into my familys small insurance business, he says. Thats how I learned insurance.

An atmosphere of pessimism has taken hold of the downstream energy-insurance market after two poor underwriting years, and while capacity has not been impacted yet, one or two exits by leading insurers could trigger a wider withdrawal, a new report says.

THE MASSIVE Explosion at a West, Texas fertilizer plant has caused at least $100 million in insured losses to property. Mark Hanna, spokesman of the Insurance Council of Texas, tellsPC360 from the small rural town of about 2,800 that damages include concussion-type losses. That is, some homes look normal from...

In a development that is eliciting some mixed feelings, some $35 billion in capital has recently entered the reinsurance market from hedge funds and pension funds. Soom see it as a boon for reinsurance clients, but others remain cautious.