News

Property-casualty insurance rates saw an overall decline of 7 percent for the month of August, with slight rate increases in commercial property, directors and officers, and business income insurance,

Bermuda-based XL Capital Ltd announced today it has appointed Daniel Sussman as chief executive of global financial lines operations and Robert Douglas as chief executive of global reinsurance life op

The world's three major insurance brokers will once again be able to take contingent commission fees in their managing general agency businesses after renegotiating agreements with New York authoritie

In a letter to the Financial Accounting Standards Board, Fitch Ratings Service said that overall it is satisfied with the current principles-based accounting and does not feel bifurcation is warranted

In a letter to the Financial Accounting Standards Board, Fitch Ratings Service said that overall it is satisfied with the current principles-based accounting and does not feel bifurcation is warranted

The head of California's largest private sector workers' compensation carrier said he supports enactment of a measure to increase benefits for injured workers that an insurance trade group hopes to s

Wesfarmers, a multi-interest conglomerate, said it would purchase OAMPS for $700 million Australian (U.S. $535 million at current exchange rate). The deal involves a cash offer of $4.50 ($3.44) per sh

J?rg M?ller, vice president of the European industry practice at RMS and head of the new RMS Zurich operation, said the office opening comes "at the height of major European model development initiati