The insurer reported net income of $942 million for the quarter, compared to $1.25 billion a year ago. Travelers said it realized an underwriting gain of $338 million despite suffering catastrophe los

The rating service said it was examining the "Aaa" ratings of Financial Security Assurance Inc. (FSA) and Assured Guaranty Corp. for possible downgrade. The rating agency cited elevated risks they fac

U.S. property-casualty catastrophe losses for the second quarter nearly doubled in both frequency and insured property damage compared to the first quarter, according to an estimate by Property Claim

U.S. property-casualty catastrophe losses for the second quarter nearly doubled in both frequency and insured property damage compared to the first quarter, according to an estimate by Property Claim

A bank analyst has lowered his second-quarter earnings estimate for American International Group based on credit market deterioration and expected accelerated recognition of credit default swap (CDS)

Fitch Ratings said that while the near-term rating outlook for the bond insurance industry is "negative," the intermediate-term outlook is "uncertain" based on a combination of possible positive and n

Ms. Nora Johnson previously was vice chairperson of The Goldman Sachs Group Inc. until she retired in 2007. She had been with Goldman Sachs for over two decades, holding positions such as head of the

NEW YORK--The National Conference of Insurance Legislators (NCOIL) Property-Casualty Insurance committee has voted to approve a resolution supporting the state regulation of the use of credit informati