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A fiduciary relationship exists between two persons when one of them is under a duty to act for or to give advice for the benefit of another upon matters within the scope of the relation, such as a trustee or executor.

The acquired businesses will adopt the First Niagara Risk Management brand, effective immediately.

Risk Management Solutions (RMS) announced it is to bringing high-performance computing (HPC) to the industry through its new Enterprise Grid Computing software.

Zurich expands its contract litigation policy to help protect defendants.

After last year's second quarter net loss of $342 million, Swiss Re has made an impressive turnaround, reporting net income of $812 million.

Despite losses that would normally promote a hardening in the power sector insurance market, rates remain soft with no sign of a turnaround in the near future.

The lead hurricane forecaster for the National Weather Service said there is a 90 percent chance of an above normal hurricane season in the Atlantic as the season enters its peak of activity.

Second-quarter net income for The Hanover Insurance Group Inc. dropped to $2.3 million from $64.4 million a year ago as the personal and commercial lines insurer absorbed $85 million in catastrophe losses.