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Claims

Earthquakes strike Indonesia

A series of strong earthquakes shook the West Papua province of Indonesia over the past weekend, catastrophe business AIR Worldwide has reported. 

Cobra warns of 'problematic' outlook for market

Broking consolidator Cobra has reported that its revenues increased by 55% to £11.8m for the six month period to 30 September 2008. It added underwriting GWP increased by 263% and underlying EBITDA increased by 19% to £1.4m.

Beazley makes new appointment

Beazley has appointed Anthony Hobkinson to head up its specialty lines claims team focusing on professional and management liability claims. He succeeds David Marock, who was appointed the group's chief operating officer in October.

XL downgraded by Fitch

Fitch Ratings has downgrades Bermudian (re)insurer XL Capital and its property/casualty (re)insurance subsidiaries, including the Issuer Default Rating (IDR) for XL to 'BBB+' from 'A', and the Insurer Financial Strength (IFS) rating of its core operating…

Ace raids AIG to boost environmental arm ahead of directive

Ace Europe has strengthened its environmental risk team with the appointment of Chris Strong as environmental risk underwriter. This appointment comes in advance of the forthcoming implementation of the EU Environmental Liability Directive in the UK.

Swiss Re says Madoff exposure less than 3m CHF

Swiss Re, the Swiss reinsurance giant, said that it has less than 3m CHF of "immaterial indirect" exposure to funds run by disgraced fund manager Bernard Madoff through its hedge fund investments.

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