E&S/Specialty

The property and casualty insurance industry contributed over $500 million to charity in 2010, but executives are dissatisfied with the return, according to a report released today by McKinsey & Company.

Property and casualty insurer RLI Corp. posted a quarterly profit that beat market expectations, helped by a jump in casualty underwriting income.

Jacksonville, Fla. company is now part of national medical liability insurer.

Although information security and cyber-risk management is recognized as an enterprise-wide responsibility by many organizations, the information technology department still is seen as the front-line defense against information losses and other cyber-liability risks, according to an industry survey.

Lloyds overtaking of American International Group Inc. (AIG) in U.S. surplus-lines premiums was not a product of the markets recent campaign to convince brokers to see Lloyds as a real alternativefor not just the strange, headline-grabbing risks.

There are little signs that the surplus-lines marketplace is turning, says Mario Vitale of Aspen U.S. Insurance.