Commercial Lines

Troubled guaranty insurer Ambac Financial Group Inc. reports its net loss increased by $45 million driven by several factors including lower net premiums.

Troubled guaranty insurer Ambac Financial Group Inc. reports its net loss increased by $45 million driven by several factors including lower net premiums.

Guaranty insurer MBIA says its second quarter performance was good despite reporting a $1.2 billion drop in net income over the same period last year.

The Association of British Insurers says insurers are expecting significant losses of more than 100 million pounds ($162 million) from damages caused by rioting in boroughs of London and other cities.

While Standard & Poors recent downgrade of U.S. long-term sovereign debt is not expected to have a meaningful direct impact on property and casualty insurers, the indirect impact of the downgrade, as a reflection of economic uncertainty, could be more significant and could prolong the soft market cycle, according to...

While Standard & Poors recent downgrade of U.S. long-term sovereign debt is not expected to have a meaningful direct impact on property and casualty insurers, the indirect impact of the downgrade, as a reflection of economic uncertainty, could be more significant and could prolong the soft market cycle, according to...

Insurers and reinsurers will not be impacted by Standard & Poors U.S. sovereign rating downgrade, says the president of the Insurance Information Institute.

American International Group Inc. swung into the black with second quarter net income of $1.8 billion compared to a net loss of $2.7 billion for the second quarter a year ago.