More than two years after Hurricane Ike made landfall at Galveston, Texas, insurers continue to receive claims from the storm, according to the Insurance Council of Texas.
While its chief executive declared that it can "see the finish line" to paying back the Government bailout, AIG proved it can raise money from private investors after announcing a series of multi-billion dollar private sector loan agreements.
Local reinsurers are expected to benefit from new regulations in Brazil that require local insurance companies to cede 40 percent of reinsured risk to local reinsurers, according to Moody's Credit Outlook.
Investment bank Keefe, Bruyette & Woods (KBW) said mergers and acquisitions accelerated during the 2010 second half, indicating that larger companies with abundant capital are looking for "opportunistic growth."
Insurance policies do not cover losses due to the destructive properties of Chinese drywall because of two policy exclusions, a federal court has ruled.