The decision to exit general insurance in the region follows a company-wide strategic review.

The port explosions at Tianjin is the fourth most costly man-made disaster ever for the industry, according to Swiss Re.

Zurich is also seeking to simplify its organizational structure.

The worlds largest reinsurers are anticipating even bigger price declines when policies are renewed in 2016 than envisaged a month ago.

Stakeholders who own millions of shares in Towers Watson & Co. are planning to vote against the firms $8.7 billion merger with Willis Group Holdings Plc if the terms of the transactions are not improved.

The waiting list for an insurer to get a spot on the underwriting floor of Lloyds of London is the longest in its 327-year history, indicating record demand for access to the market.

Lloyds of London Chairman John Nelson criticized the business community, saying companies are too focused on profit and are at risk of eroding the trust of the public and regulators.

RSA Insurance Group Plc Chief Executive Officer Stephen Hester said the company will attract bids from other suitors after Zurich Insurance Group AG abandoned its $8.7 billion offer for the British insurer.