Reinsurance

Munich Re reported its fourth-quarter 2010 profit was down 63 percent from the previous year’s fourth quarter, while profit for the year was down 5 percent despite major losses during the fourth quarter.

Citizens Property Insurance Corp., the behemoth state-run property insurer, has a reputation that reaches far beyond Floridas shores. Leaders from neighboring coastal states call it Floridas folly to grow what is, essentially, socialized property insurance.

Uncertainty reigned over events in Egypt as the nation's president, Hosni Mubarak, appeared to seek appeasement with protestors. However, violence flared while the country's economy stood at a practical standstill.

Reinsurance broker Guy Carpenter will pay Connecticut $4.25 million to settle anti-trust allegations brought by the state's attorney general, as both sides declared victory in a lawsuit going back to 2007.

Do Side A D&O policies add value at a time when terms of standard "ABC" policies are getting broader? Mark Paccione of Everest Specialty Underwriters argues that they do, and explains the benefits.

Like the rest of the world, the insurance community is watching events unfold in Egypt and trying to anticipate the implications of this popular uprising.