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The private insurance market, lacking U.S. government involvement, cannot provide sufficient capacity to meet increasing demand for terrorism insurance, according to a report by a global insurance bro

Company chairman Jay Fishman noted that strong retention rates and attractive margins continued. "We see attractive new business opportunities, although with retentions high on an industry basis, the

Morgan Stanley analyst William Wilt said XL's reinsurance segment provided the largest upside surprise with net premiums up 26 percent. "Overall, the portfolio at XL is shifting materially, with profe

The report, issued by the Stanford Law School Securities Class Action Clearinghouse in cooperation with Cornerstone Research, found that there were 61 securities fraud class actions filed from January

"We are really pleased with the results we posted, particularly for us because it is the result of a lot of hard work that we have put into organic growth," said Martin P. Hughes, chairman and chief e

For the second quarter, the Richmond, Va.-based firm reported net income increased $4.8 million, from $15.8 million or 11.5 cents a share, to $20.6 million or 12 cents a share. Revenues were up 10 per

WASHINGTON--The House Financial Services Committee yesterday made its first move toward modernizing the insurance regulatory system, approving legislation designed to ease the regulatory burden on surp

IBM has introduced a new grid-computing product to help life insurance companies cut the time needed to run complex insurance model scenarios. Called IBM Grid and Grow for Actuarial Analysis, the