Assicurazioni Generali, Italy's biggest insurer, said on Tuesday it had completed the sale of its U.S. life reinsurance business to France's Scor for total gross proceeds expected to be $910 million.

Detroit is poised to default on about $641 million of its general obligation bonds on Tuesday, an event that is likely to spur a legal challenge over Detroit's decision to take tax money earmarked for bond payments and apply it instead to city needs.

Detroit is poised to default on about $641 million of its general obligation bonds on Tuesday, an event that is likely to spur a legal challenge over Detroit's decision to take tax money earmarked for bond payments and apply it instead to city needs.

Insurers in the European Union face a "comprehensive" stress test next year with risks from low interest rates a key focus, the bloc's insurance watchdog said on Monday.

Insurers in the European Union face a "comprehensive" stress test next year with risks from low interest rates a key focus, the bloc's insurance watchdog said on Monday.

Insurers nursing hefty losses from severe spring floods in Europe face paying out a similar amount again after areas of Germany and France were repeatedly pounded by grapefruit-sized hail stones over the summer.

Stockton, California said on Friday it had struck tentative deals opening the door to settlements with two major creditors, and putting the city at the "beginning of the end" of its bankruptcy case.

Reinsurer Scor has lodged a complaint with the European Commission about what it considers Caisse Centrale de Reassurance's unfair dominance of France's natural disaster reinsurance market.