Munich Re, the world’s largest reinsurer, suffered a commensurately large loss in the 3rd quarter of €1.2 billion ($1.05 billion)...
Terrorism News
The U.S. House of Representatives passed the Terrorism Risk Protection Act (HR 3210) by one vote of 227-193 on the...
The insurance industry has entered a period of sustained consolidation, both domestically and internationally, as a result of the Sept....
Maurice “Hank” Greenberg, the CEO of American International Group and Lloyd’s Chairman Saxon Riley met yesterday at a ceremony marking...
At its recent meeting, the National Conference of Insurance Legislators (NCOIL) deferred formal action on proposed amendments to its Personal...
The House of Representatives is expected to consider HR 3210, the Terrorism Risk Insurance Act, this Thursday, Nov. 29. One...
Fitch assigned a rating of ‘AA’ to The Chubb Corporation’s offering of $600 million of new senior debt securities. The...
Lloyd’s revised estimates of the net losses suffered by its syndicates as a result of the destruction of the World...
U.S. Attorney General John Ashcroft has named Kenneth Feinberg, a Washington lawyer and former aide to Senator Edward Kennedy (D-Mass.),...
Between $10 billion-$20 billion of new capital will flow into the global insurance market over the next six months, with...