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Alabama has made a three-year agreement with Swiss Re in which Swiss Re will pay the state for wind losses based on documented wind speed in the event of a hurricane.

Montpelier Re reported 2010 second-quarter net income down 57 percent, resulting from a sharp drop in net unrealized investment gains compared to the 2009 second quarter, but the company's operating income grew compared to a year ago.

In 2009, the property and casualty insurance industry recovered from a devastating global financial crisis that had drained 12 percent from policyholder surplus and nearly erased the net income recorded the year before.

In the world of core P&C systems the most common approach to modernization has historically been the 'big bang' replacement.

The continuing soft market is weakening the credit quality of property and casualty insurers, making their future "problematic," according to an analysis released by Moody's Rating Service.

Marsh & McLennan Companies' chairman, Stephen R. Hardis, will retire in May and be succeeded by Lord Ian Lang.

British Petroleum vessels have returned to the site of the worst oil spill in U.S. history after the second named storm of the Atlantic hurricane season came and went over the weekend without incident.

As regulators prepare to implement the financial services reform legislation, a House member sought to clarify the legislative intent of surplus lines provisions in a recent floor statement.