About $175 million of the pretax total can be attributed to catastrophes in the U.S.primarily storms in the central states.

Employment of underwriters is expected to drop by four percent by 2018, with the steepest drop felt in the most highly commoditized lines of business that lend themselves best to automation.

While relatively few opportunities exist today for someone looking to complete a purchase of small-business insurance on their own directly from a carrier online, a significant segment of consumers is already moving in this direction, a recent survey by Deloitte has revealed.

AIG has named Jim Dwane as the new president and CEO of its property and casualty business in Latin America and the Caribbean.