Reinsurance

Warren Buffetts Berkshire Hathaway Inc. further reduced its stake in Munich Re as the billionaire investor re-evaluates the attractiveness of the reinsurance market.

According to BLS statistics, the agent and broker segment alone saw 9,600 new hires.

Backers see bonds as way for municipalities to manage risk from natural disasters as well as promote infrastructure development.

Greenlight Capital Re Ltd., the reinsurer whose chairman is hedge-fund manager David Einhorn, erased gains from its 2007 initial public offering price after losses from investments and underwriting.

Insurers from Lombard to AIG are bracing for a surge in Indian claims to a 10-year high after unprecedented floods last week ravaged the city that is home to Ford and BMW factories.

As natural catastrophes proved once again to be few and the Property & Casualty industry continued to be viewed as an attractive investment for alternative-capital sources looking to place their bets, carriers looking to get rate in a market made increasingly competitiveand softhad different ideas about how to achieve growth.