Reinsurance
Chaucer says 9-month gross premium income up 19%
Chaucer, the Lloyd's of London (re)insurer, said that gross premium income for the first nine months of the year to end-September rose to £527.3m from £439.7m.
Assured Guaranty in $209.4m bond deal
US insurer Assured Guaranty said it has guaranteed $209.4m of fixed rate series 2008B bonds issued by the City of Minneapolis on behalf of Fairview Health Services, a Minneapolis integrated health care system.
Validus reports loss
Validus reported a third-quarter net loss of $126.3m (£81.34m), compared with $136.5m net income dur...
A major blow
Business Interruption: Commodity prices
Cooper Gay raids Benfield
Cooper Gay has acquired Benfield's London-based aerospace team for an undisclosed sum. The move sees...
Appointment at Cooper Gay
Cooper Gay has acquired Benfield's London-based aerospace team for an undisclosed sum. The move will...
Berkshire Q3 results
Third-quarter profits for Berkshire Hathaway dropped 77% to $1.06bn (£682.8m), down from $4.55bn a y...
Demand for reinsurance expected to rise more than 20% in 2009/10 - Citi
Demand for reinsurance cover is expected to rise more than 20% in the two years, a senior analyst at Citi has said.
Xchanging Conference Report
Reinsurance Magazine talked to Sue Langley from Lloyd's, Dave Matcham CEO of the International Underwriting Association,..
AIG reports £15bn net loss
AIG has reported a net loss for the third quarter of 2008 of $24.47bn (£15.01bn) compared to a net income of $3.09bn in the same period of 2007.
New AIG bailout confirmed
A new bailout of AIG has been confirmed by the company and US regulators in a release today.
Berkshire Hathaway Q3 net income drops 77%
Third quarter profits at financial services behemoth Berkshire Hathaway dropped 77% to $1.06bn, down from $4.55bn a year earlier.
Validus says third quarter loss slides on US hurricane losses
Validus reported a third quarter loss of $126.3m, down from a net income of $136.5m this time last year. Net income for the nine months ended September 30, 2008 was $16.1m, compared with $264.0m, for the corresponding period in 2007.
Endurance results dragged down by Hurricanes Gustav and Ike
Endurance Specialty Holdings, the Bermudian (re)insurer reported a net loss of $99.4m for the third quarter of 2008, down from a net income of $131.4m that it recorded in the third quarter of 2007.
What the papers said this week
BBC Online The Indian government has approved a bill that paves the way for foreign investors t...
MMC consolidated revenue up 5%
Marsh & McLennan Companies, the owner of insurance broker Marsh and reinsurance broker Guy Carpenter,said that consolidated revenue for the third quarter was $2.8bn, up 5% from the third quarter of 2007.
Hannover Re swings to Q3 loss
Hannover Re reported that its third quarter results swung to a loss this year, hammered by catastrophe losses and a dreadful investment environment.
Argo reports Q3 net loss of $8.8m
Argo, the Bermudian (re)insurer, reported a third quarter net loss of $8.8m, down from a $74.2m gain this time last year.
Crawford releases Q3 results
Loss adjuster Crawford has reported a rise in consolidated revenues in the third quarter.
XL reports Q3 net loss of $1.65-1.67bn
XL, the Bermudian (re)insurer, reported third quarter net losses of $1.65-1.67bn, hit by its previously-reported charge of $1.4bn related to the seperation of the company from its beleagured credit insurer, SCA.
Flagstone Q3 net loss $186.5m; optimistic about future
Flagstone Re, the Bermudian (re)insurer, reported third quarter net losses of $186.5m, compared to a net income of $66.2m in the corresponding period last year.
Swiss Re reports Q3 304m CHF loss; suspends share buyback
Swiss Re, one of the world's largest reinsurers, reported a third quarter loss of 304m CHF (£164.3m), and added that it has suspended its 7.75bn CHF (£4.18bn) buyback programme.
Hannover Re core operations recognised by S&P
Ratings agency Standard & Poor's has assigned its 'AA-' counterparty credit and insurer financial strength ratings to five foreign life and health reinsurance subsidiaries of Germany-based reinsurer Hannover Re; AA-/Stable/--): Hannover Life Reassurance…
Paris Re ups Ike loss estimates
Paris Re has updated its initial loss estimates for Hurricane Ike to approximately $130m pre tax, net of reinsurance and reinstatement premium.