The decision to review Swiss Re for a possible downgrade was made last November, Moody's said, when the company announced it had reached an agreement with General Electric to acquire GE Insurance Solu

Developer Larry Silverstein has set a Monday deadline for 16 insurers to say how they will respond to new building arrangements reached last month among private and public players in rebuilding the Wo

Tadashi Kodama, chairman of the General Insurance Association of Japan, said he "welcomes the initiative takes by Sens. John Sununu, R-N.H., and Tim Johnson, D-S.D., introducing federal regulation" la

Bear Stearns analyst David Small said if 2006 shows continued high frequency but lower severity, reinsurers should perform better than insurers, due to generally higher property-catastrophe attachment

Failure to notify an insurer of a claim on a timely basis justifies a decision not to defend the parties to the lawsuit, the Illinois Supreme Court ruled yesterday, upholding existing precedent in tha

The planned amendments to the Model Audit Rule would set new reporting requirements on internal controls, as well as new rules on the number of independent directors a mutual company must have on its

Mr. Erburu, who joined the MMC Board in 1996, served as non-executive chairman of MMC since March 2005 and as lead director since October 2004. He previously served as chairman of the Times-Mirror Co.

ACE Limited announced today that Brian Duperreault, chairman of the board, will retire from the company, effective June 1. Mr. Duperreault will continue to serve ACE in the role of non-executive chair