Claims
Munich Re scraps outlook for 2009
Munich Re reported a drop in consolidated profits of more than 61% this year, and said that it is making no forecasts for the future because of the current financial climate.
Marsh creates global claims role
Marsh has appointed Paul O'Keefe to the newly created role of global claims leader for its global energy practice.
Amlin FY pretax profits drop
Amlin, the Lloyd's of London (re)insurer, said that full-year pretax profits dropped to £121.6m from £445 the year earlier, hit by investment losses.
Berkshire Hathaway FY insurance operations results sink
Berkshire Hathaway's insurance operations saw underwriting profits sink, the company said on Sunday.
Factors of fraud
With fraudulent investment schemes hitting the headlines, Donald McDonald and David Kendall look at the legal liabilites of intermediaries for investors' losses from an English law perspective
Gen Re in $72m settlement with Ohio Attorney General
General Reinsurance Corporation (Gen Re) has agreed to pay $72 million to settle investors' claims as part of the state of Ohio's securities litigation against insurance giant AIG.
Maiden Holdings reports Q4 net income of $20m
Maiden Holdings, the Bermudian (re)insurer, said that net income for the fourth quarter of 2008 was $20m.
RBS Insurance profits rise to £780m
Royal Bank of Scotland has reported a 13% rise in profits within its insurance arm at the same time as reporting a record loss of £24.1bn for the overall group.
Allianz results dragged down by Dresdner
Allianz, the German insurance giant, said that losses at its former investment banking arm Dresdner drove its net loss to a €2.4bn loss.
A safe bet?
Professional Indemnity
Insurer trio sign up to new ISO injury pilot
Zurich, Chaucer and Highway have signed up to a pilot scheme to test a digital solution aimed at cut...
No change at GAB
In last week's issue of Post (19 February, p2) it was incorrectly reported that the recently announc...
Over playing CO2 impact
In the recent article by Keiron Hart of Marishal Thompson (Post, 29 January, p20) he correctly highl...
Challinors' new team
Midlands law firm Challinors is to formalise its anti-fraud legal expertise with the creation of a d...
Names litigation thrown out by Court of Appeal
The Court of Appeal has thrown out a plea by Lloyd's Names to overturn a ruling last July that found Lloyd's was not involved in fraudulent activity surrounding its reinsurance to close.
Post web seminar - self service
Post is hosting a special web seminar - an online live and interactive event - at 10.00am on the 17 March which will take a strategic look at the issue of self-service technology and the implications this could have on the insurance sector - from sales…
Torus appoints head of business operations
Bermuda-based insurer Torus Insurance has appointed John Williams as its global head of business operations.
Chaucer says right issues taken up
Chaucer, the Lloyd's (re)insurer, said that its rights issue has been taken up.
Swiss Re FY net income tumbles on nearly 6bn CHF of investment losses
Swiss Re, the Swiss (re)insurer, fell to a full-year net loss of 864m CHF from 4.2bn CHF in 2007, driven by heavy investment losses.
Commentary - Personal injury cases underline forensic prejudice importance
Section 11 of the Limitation Act 1980 provides a three-year time limit for actions involving perso...
Recovery position
Legal Update: Loss adjuster fees
MoJ reforms raise issues for brokers
Insurers need to engage and educate brokers on the proposed Ministry of Justice personal injury refo...
HSE fine appeal success offers hope
R v Tulip Limited (Court of Appeal - 20 November 2008)
XL to cut staff globally
Bermuda insurance giant XL Capital has said it will cut its global workforce by 10% to cope with the...