E&S/Specialty

Specialty insurer Assurant, Inc. says it will purchase U.K. mobile phone insurance insurer Lifestyle Services Group for $160 million, a move Moodys Investors Service says should help diversify Assurants sources of net operating income over time.

Parsing both sides of the TRIA argument to find a middle-ground to better protects taxpayers while preserving a functioning market.

The U.S. government spent nearly $62 billion on disaster relief in the two-year period ending Sept. 30, 2012, to help Americans recover from severe storms, droughts, heat waves and wildfires.

InformationWeek recently released its top 500 business-technology innovators across multiple industries, and 24 property and casualty-related companies made the cut. Eight of those companies were ranked in InformationWeek's Top 250. Click to see the industry's top tech innovators.

Insurance trade association PCI says it is not optimistic Congress will move promptly to reauthorize the Terrorism Risk Insurance Act before it sunsets next Dec. 31.

Zurich Insurance Group says it has appointed Tom deSwaan chairman following the resignation of Josef Ackermann.