Global P&C insurance-pricing trends have led to modest gains for Marsh clientswith the U.S. leading price increases of more than 2 percent, says an executive with the industrys top insurance brokerage.

Global P&C insurance-pricing trends have led to modest gains for Marsh clientswith the U.S. leading price increases of more than 2 percent, says an executive with the industrys top insurance brokerage.

Aspen Insurance Holdings chief executive says the insurer is reducing its earthquake and wind exposure in the U.S. property insurance market due to the volatility of catastrophe risks.

A winter storm blanketing the Northeast captured the headlines this past weekend, but major storm activity that spread through the Midwest and South has also left insurers with plenty of damage to assess.

P&C insurers are beginning to understand the need to drive rate increases stepping away from the industrys soft-market trends of recent years, says XLs CEO Mike McGavick.

Three Bermuda-based reinsurersEverest Re, RenaissanceRe and PartnerReposted positive fourth- quarter and year- end results despite losses from Superstorm Sandy.

Three Bermuda-based reinsurersEverest Re, RenaissanceRe and PartnerReposted positive fourth- quarter and year- end results despite losses from Superstorm Sandy.

The Hanover posted a fourth-quarter net loss of $55 million primarily due to the impact of Superstorm Sandy, while two other regional insurersCincinnati Financial and Selectivemanaged more positive results.