The former chief financial officer of General Re was sentenced to 18 months in prison for her role in a fraudulent scheme to manipulate American International Group‘s financial statements.

Elizabeth A. …  Read →

Poor investment returns didn’t keep the majority of reinsurers from posting positive results and underwriting profits, which outperformed other financial service industry sectors.

The reinsurance market “stands out as the only …  Read →

Philadelphia-based Lincoln Financial Group has entered into a reinsurance agreement with Commonwealth Annuity and Life Insurance Co. on an in-force block of universal life and variable universal life insurance policies …  Read →

The president of the Reinsurance Association of America testified before Congress that promoting natural resource conservation and encouraging more risk mitigation in densely populated areas are keys to managing risk …  Read →

The State of New York will attempt to sell Midland Insurance in the first-ever sale of an insurer to private investors.

Midland, which is being liquidated with almost $1 billon of …  Read →

Maurice “Hank” Greenberg, one-time CEO of American International Group and one of the insurer’s largest shareholders, is reuniting with some of his former colleagues for a new insurance venture.

Maurice …  Read →