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P/C Profits to Plunge 80% in 2009: Fitch

The U.S. property/casualty insurance industry is enduring tremendous challenges in 2008 as underwriting and investment losses have promoted a sharp...

IAG to Exit UK Mass Market

Insurance Australia Group Limited (IAG) announced that it has agreed to sell its mass market distribution businesses in the UK...

Fitch Lowers XL Ratings to ‘BBB+’

Fitch Ratings announced that it has downgraded XL Capital Ltd. and its P/C (re)insurance subsidiaries, including the Issuer Default Rating...

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