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A massive asteroid passing dangerously close to Earth and a meteor falling over Russia are just a couple of reminders that space risk is on insurers’ radars. The meteor that exploded in the sky above Russia on Friday is estimated to have shattered m...

Allied World Assurance Company Holdings last night reported strong full-year 2012 results despite taking a hard hit from Hurricane Sandy in the fourth quarter. Net income for the year was $493 million, compared to a net income of $274.5 million for ...

Willis Group Holdings PLC posted a 6.3 percent increase in revenues for the fourth quarter of 2012 to $871 million, the company reported Tuesday night. However, the London-based broker also reported a net loss of $804 million for the quarter compared...

Bermuda-based Platinum Underwriters reported a net income of $121.5 million for the fourth quarter and swung to profit for the full year. The reinsurer’s $3.67 per share profit for the quarter was partially offset by a $30.2 million Superstorm Sandy ...

While electricity, roads and transportation remain problematic, much of the Northeast of the US was in recovery mode yesterday digging out from a deadly weekend snowstorm. The blizzard packing hurricane-force winds hammered the northeastern US on Sa...

@$:Bermuda-based Montpelier Re felt the wrath of Superstorm Sandy, reporting a loss of $27 million for the fourth quarter of 2012, but the reinsurer swung to an annual profit. Though the company’s fourth-quarter operating loss of 31 cents per share f...