Tower Group International this week announced the sale of its stake in Canopius Group Limited for $69.7 million to pay off a $70 million bank line, and also reported additional reserve charges in some commercial lines including workers compensation.

The impact of Superstorm Sandy on Northeast commercial-property rates has waned, and the U.S. property market overall has continued to soften through the first nine months of 2013, according to a recent Marsh briefing.

The impact of Superstorm Sandy on Northeast commercial-property rates has waned, and the U.S. property market overall has continued to soften through the first nine months of 2013, according to a recent Marsh briefing.

Swiss Re CFO George Quinn will leave the company to become CFO of Zurich Insurance Group, the companies announced today.

Swiss Re CFO George Quinn will leave the company to become CFO of Zurich Insurance Group, the companies announced today.

Some industry groups contend the FIO's regulation modernization report did not go far enough in highlighting the positives of state-based regulation. Others say that was not the point of the report.

Some industry groups contend the FIO's regulation modernization report did not go far enough in highlighting the positives of state-based regulation. Others say that was not the point of the report.

Recent reports generally agree that the property and casualty industry outlook for 2014 is "stable." See the factors that went into the most recent report released by Fitch.