News 

An economic recovery could halt the movement by standard carriers into markets traditionally served by excess and surplus lines insurers, industry experts said....

Swiss Re estimated that total insurance industry losses from the Feb. 27 Chile earthquake could reach $7 billion and said its own loss from the event could possibly hit $500 million. ...

The National Association of Professional Insurance Agents said it will hold its annual Federal Legislative Summit March 17-18 in Washington, D.C....

While catastrophe models can be very useful when employed properly, the human factor cannot be ignored, says NU Editor Sam Friedman in his blog today at www.NUSamSoapBox.com....

American International Group Inc. in its latest asset sale activity said the shares of reinsurer Transatlantic Holdings it is disposing of have been priced at $53.35 per share....

With $80 million of private equity capital, Kinsale Capital Group, Ltd. announced the formation of a new Richmond, Va.-based excess and surplus lines company....

Safety Insurance Group reported 2009 fourth-quarter net income off by 13.4 percent compared with the 2008 period, after a settlement with Massachusetts for overcharging and a fall in net earned premiums....

Munich Re said profit for 2009 exceeded $3 billion and it expects 2010 to be just as profitable, despite catastrophe losses from the Chile earthquake and a huge winter storm in Europe....

Legislation that would create a federal reinsurance backstop for states with catastrophe insurance funds drew both support and severe criticism at a House hearing. ...

As Haiti and Chile work to recover from devastating earthquakes, an insurance trade association reminded New York residents that out of 50 states, theirs has the fourth-highest earthquake risk....

PartnerRe Ltd. said it expects insurance industry losses from the Chile earthquake could hit $10 billion and its own expected claims could exceed $300 million....

Marsh & McLennan Companies would not comment today on reports it may be seeking buyers to sell the remainder of its interest in its Kroll risk management services operation....

Guaranty fund trade groups have written Senate Banking Committee members urging them to exclude insurance companies from any legislation creating a separate authority to regulate large financial institutions....

For the second straight year, captive owners said securing collateral from banks to satisfy their fronting companies is their top concern, a survey by the Captive Insurance Companies Association has revealed....

The head of America’s Health Insurance Plans said at a conference here that Congress and the Obama administration should stop excoriating carriers and focus on solving health care legislation problems....