Zurich Insurance has backed away from deal talks in emerging markets as prices hot up, the insurer's chairman said in a newspaper interview.

Selective Insurance Group CEO Gregory Murphy says the insurance industry needs to increase rates for as long as low interest rates continue to hurt investment yields.

Selective Insurance Group CEO Gregory Murphy says the insurance industry needs to increase rates for as long as low interest rates continue to hurt investment yields.

The Chubb Corp. posted record first quarter results as net income increased 30 percent on the strength of higher rates, strong underwriting performance and low catastrophe losses.