So much has been written and said about core systems replacement over the last few years that separating the facts from the myths has become increasingly difficult.

Gross premiums at Italy's biggest insurer Generali rose by 3.2 percent from a year earlier helped by a strong performance in Germany and Eastern Europe.

American International Group Inc. reports a fourth-quarter net loss of $4 billion on losses related to Superstorm Sandy and the sale of an aircraft leasing unit.

Guy Carpenter has released its newest software platform, MetaRisk 7.1, allowing users to asses organizational risks and meet enterprise-risk-management and Solvency II requirements.