Reinsurance

Florida Citizens Property Insurance Corporation will sell $250 million of hurricane coverage to investors in 2013 to recoup some of the cost of covering natural disasters in the state, the insurer said.

The U.S. and Bermuda reinsurance sector has its challenges, particularly when it comes to living up to previous years returns on equity for investors, but ratings agency A.M. Best is maintaining its stable outlook due to reinsurers strong capitalization and enterprise risk management practices, as well as a stable pricing...

Energi CEO Brian McCarthy speaks with PC360-NU about the structure and aspirations of his company as well as risk and coverage trends in many sectors of the vast Energy marketplace.

Aspen Insurance Holdings chief executive says the insurer is reducing its earthquake and wind exposure in the U.S. property insurance market due to the volatility of catastrophe risks.

Property and casualty carriers enjoyed a strong hiring month in December, boosting employment for this subsector of the insurance industry to its highest level in 2012, according to the most recent figures from the U.S Labor Departments Bureau of Labor Statistics.

Three Bermuda-based reinsurersEverest Re, RenaissanceRe and PartnerReposted positive fourth- quarter and year- end results despite losses from Superstorm Sandy.