Reinsurance
Hardy says outlook for business 'improving'
Hardy Underwriting, the Bermuda domiciled Lloyd's of London (re)insurer, said that the outlook for its business is improving.
Arch Capital's Canadian chief moves over to new role
Arch Capital, the Bermudian (re)insurer, said that Michael Baxter will move from being head of the group's Canadian operations and become worldwide chief underwriting officer for Arch Insurance Group's onshore energy (technical risk) and CAR/EAR…
Cooper Gay clarifies it has not acquired Benfield's entire areospace team
Cooper Gay has clarified that it has acquired 10 members of Benfield's London based wholesale and direct aviation team, but not its entire aerospace team.
Tysers hires North American and international manager
International insurance broker Tysers has appointed Neil Hitchcock as production and marketing manager for its North American and International specialty division.
Scor Q3 third quarter net income drops 71%
Scor, the French (re)insurance giant, saw its third quarter net income drop by 71% after asset writedowns took their toll on the company.
Financial crisis will cause a 'secular change in rates' - Novae CEO
The financial crisis will cause a 'secular' change in rates, Novae chief executive Matthew Fosh said today.
Novae reports £45m hurricane losses in Q3
Novae has reported group gross written premium for the first three quarters of the year of £267.8m compared to £240.9m for the same period in 2007.
Zurich operating profit drops 15%
Zurich Financial Services has said all its core business areas are delivering solid operating performances despite the impact of "particularly adverse circumstances" in the third quarter.
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.