MGIC Investment Corp , the largest publicly listed U.S. mortgage insurer, says reinsurers are interested in entering the mortgage reinsurance business, attracted by the high returns that could be earned from underwriting new mortgages.
MGIC Investment Corp posted a wider third-quarter loss, saw more homeowners fall behind on their payments and is perilously close to reaching the maximum risk levels allowed, sending its shares down 15 percent before the bell.
European insurers can withstand more losses on their Greek sovereign debt, as well as potential defaults by Ireland and Portugal, credit rating agency Moody's said on Thursday.
Travelers Cos is the latest large insurance company to say the asbestos problem, which the industry was supposed to have put behind it long ago, has not gone away and may be getting worse.
Travelers Cos is the latest large insurance company to say the asbestos problem, which the industry was supposed to have put behind it long ago, has not gone away and may be getting worse.
Bank of America Corp urged a judge to disqualify the law firm representing insurer American International Group Inc in its $10 billion mortgage fraud lawsuit against the bank, alleging a conflict of interest by one of the firm's partners.
Insurers are seldom fazed by technical complexity or heavy expenditure, yet even they have flinched when confronted with the intricacy and high implementation costs of Solvency II, a set of new capital rules for the European insurance industry.
Insurers are seldom fazed by technical complexity or heavy expenditure, yet even they have flinched when confronted with the intricacy and high implementation costs of Solvency II, a set of new capital rules for the European insurance industry.