E&S/Specialty

XL Group's chief executive says Superstorm Sandy will not be a capital event for the insurance industry, but he does think it will change the industry's perception of risk.

Barack Obama was re-elected president of the United States in a close election that portends that current policies will be maintained. This includes healthcare reform and implementation of the Dodd-Frank financial services reform law.

Allied World U.S. has launched a new Errors & Omissions (E&O) and Privacy product called Techtonic//5.0.

Travelers has announced improvements to the companys property insurance product, Travelers Deluxe

The latest monthly MarketScout report shows that commercial property and casualty insurance rates increased at a slower rate, rising 4 percent in October, but Sandy could have a dramatic impact on rates in the future, the CEO of the Dallas-based electronic-insurance exchange says.

Superstorm Sandy won't put insurers' finances under severe strain, and may allow them to push through a profit-boosting rise in prices next year, Hiscox , the biggest London-listed reinsurer, said on Monday.