Once ignored in favor of moves perceived to spur growth, risk managers are being counted on more now to assist companies following the financial crisis.
Natural and man-made catastrophes have caused an estimated $36 billion in losses for insurers in 2010, a 34 percent increase over last year, said Swiss Re.
After nine months, U.S. property and casualty reinsurers saw net income rise to $6.27 billion, nearly five times what the same group of reinsurers recorded during the same time in 2009.
There are continued signs of American International Group reentry into the capital markets as the company announced two new managers and the U.S Treasury Department said it hired an investment banking firm.
The most recent round of policy assumptions from Louisiana's last-resort insurer could mean the state-run entity has slipped to the fifth or sixth largest homeowners insurer in the state.
The Wisconsin Court of Appeals has ruled that OneBeacon Insurance Company was correct in denying coverage to the Archdiocese of Milwaukee, which is facing multiple lawsuits stemming from allegations of sexual abuse by former priests.
Liberty Mutual Chairman and Chief Executive Officer Edmund "Ted" Kelly said only strong companies that recognize global business opportunities will succeed because they will be poised to take advantage of the market.