Claims arising from the U.S. subprime loan and banking crisis continue to mount, but are said to remain manageable at market level for Lloyd's, according to an Aon Benfield report.

BP Exploration & Production said it will waive a $75 million liability cap in the Oil Pollution Act (OPA) and urges other "responsible parties" of the Deepwater Horizon disaster to do the same.

A survey by the Risk and Insurance Management Society (RIMS) revealed the soft market is "far from over" but premiums declined less during the third quarter.

Theft of information and electronic data at global companies has overtaken physical theft for the first time, but most losses are smaller, spanning months and even years, according to an annual fraud survey.