Markets/Coverages News

CAT LOSSES REACH 11-YEAR LOW

U.S. property/casualty insurers will pay homeowners and businesses $315 million for insured catastrophe losses—the lowest third-quarter amount in 11 years...

ACE Posts Strong 3rd Quarter Results

Bermuda’s ACE Limited announced that earnings for the third quarter had rebounded strongly from a year ago. Gross premiums written...

Lloyd’s Wins Names Battle

Lloyd’s of London has won its multi-million dollar legal battle with 200 ‘Names’ – investors who pledged their financial backing....

AIG Forms Alliance With Bank of China

In a move which will further strengthen its already powerful position in the Chinese market, American International Group (AIG) announced...