Reinsurance
Catlin anticipates a "significant improvement" in underwriting conditions
Catlin, the Lloyd's (re)insurer, said that it anticipates a "significant improvement" in underwriting conditions.
Paris Re reports Q3 net income rise as FX gains offset underwriting losses
Paris Re, the French (re)insurer, said that third quarter net income rose to $27.4m from $13m a year earlier, as large currency gains linked to the strengthening dollar against the pound and euro overcame US hurricane-related underwriting losses.
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.