AIG says its P&C insurance business in Canada will operate as AIG Insurance Company of Canada.

A.M. Best Co. says it does not expect a significant number of rating actions, while Moodys Rating Service says the event is credit negative for insurers.

Berkshire Hathaway Specialty Insurance says it has hired broker relationship expert Lori Spoon Rafkin as its senior vice president of customer and broker engagement.

Traditional reinsurers have taken defensive actions against alternative-capital competition, meaning the increased supply of capital created through insurance linked securities (ILS) is chasing slower growth in demand, especially in the U.S. Property Catastrophe insurance market, a new report says.