Claims
Endurance net income tumbles on hurricanes and investment losses
Endurance, the Bermudian (re)insurer said that fourth quarter net income fell to $16.9m from $152.5m in the same period last year. For the year ended December 31, 2008, net income was $98.6m, down $521.1m in 2007.
AM Best downgrades Fuji Fire & Marine
AM Best has downgraded the financial strength rating (FSR) to B++ (Good) from A- (Excellent) and the issuer credit rating (ICR) to "bbb+" from "a-" of The Fuji Fire & Marine Insurance Company, Limited (Fuji Fire) (Japan). The ratings have been placed…
Beazley raises capital, makes acquisition
Beazley became the latest Lloyd's (re)insurer to raise capital when it proposed to raise £150m from the markets.
Unum announces new improvements to group IP products
Unum has introduced a range of improvements to its group income protection (IP) products. The changes cover both policy conditions and pricing and are designed to help policyholders manage their costs at the same time as extending the appeal of the…
Catlin FY profits drop over $500m
Catlin reported a full-year drop in profit $500m, after investment and catastrophe losses hammered profits at the Lloyd's (re)insurer.
Willis refinances loan deal; suspends future forecasts
Willis said that it has refinanced its current loan and has suspended its future forecasts.
Catlin in $200m rights issue
Catlin, the Lloyd's reinsurer, said that it is looking to raise $200m in a fully underwritten rights issue in an effort to take advantage of the hardening reinsurance market.
Solicitors ditched as NU takes axe to legal panel
Norwich Union's legal panel has been carved up and consolidated as part of a wider supply chain revi...
Garwyn bulks out risk capacity with ORS
Loss adjuster Garwyn has completed the first acquisition in its 38-year history with a deal for spec...
Post Claims Club: Advisory Board 2009
Chair: Anthony Gould , group editor-in-chief, Incisive Media Board: Steve Agutter , regional ...
Fortis CEO rubbishes sale talk with 'football transfer' gossip jibe
The group chief executive of Fortis UK, Barry Smith, has criticised rivals for suggesting the busine...
Top five Post stories
The top five stories on postonline.co.uk over the last week were: 1. RSA plans EUR70m swoop for ins...
Investment losses hit Max Capital results
Investment losses continued to hit Max Capital, sending the company to fourth quarter and a full year losses.
Scottish Re CFO resigns
Reinsurer Scottish Re has said that Terry Eleftheriou has resigned from his position as executive vice president and chief financial officer, effective 9 February 2009, to pursue other interests.
XL to cut workforce by 10% as losses spiral; shares up 40%
Bermudian reinsurer XL has said that it will be looking to cut its worldwide workforce by 10% in an effort to cope with the world economic downturn.
Solicitors ditched as NU takes axe to legal panel
Norwich Union's legal panel has been carved up and consolidated as part of a wider supply chain revi...
ELD to account
Environmental liability
Top five Post stories
The top five stories on postonline.co.uk over the last week were: 1. RSA plans EUR70m swoop for ins...
Garwyn bulks out risk capacity with ORS
Loss adjuster Garwyn has completed the first acquisition in its 38-year history with a deal for spec...
Fortis CEO rubbishes sale talk with 'football transfer' gossip jibe
The group chief executive of Fortis UK, Barry Smith, has criticised rivals for suggesting the busine...
Brit says FY pretax profit will be significantly higher than current consensus; ups Ike loss estimates
Brit Insurance said that full-year results would be 'significantly higher' than the £32m current market consensus.
Chaucer says to continue with £75m public offering
Chaucer, the Lloyd's (re)insurer that has been subject of a number of merger proposals, said that it will continue with its raising of £75m to shore up its capital position.
Helphire to axe up to 130 jobs
Up to 130 staff face redundancy at Helphire after the company entered a consultation process.
Chaucer has received "a number of approaches"
Chaucer has said that it has received a "number of approaches" since it announced a £75m capital raising at the end of January.