• X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
  • Free trial
  • Log in

February 2009/4
  • AXA shares down as profits plunge 83 percent
    French insurance giant AXA saw its 2008 full year profit fall by 83 percent to EUR923mn as it suffered the effects of negative marks-to-market on its corporate bond portfolio...
    23 February 2009
  • Lloyd's (re)insurer posts £24mn underwriting loss
    Advent Capital joined the calls for an overhaul of how the industry underwrites Gulf of Mexico energy risks after Hurricane Ike ripped through the firm’s reinsurance protection and led to a £24.2mn underwriting loss.
    23 February 2009
  • IAG raises A$450mn; estimates wildfires loss
    Straitened Australian insurer Insurance Australian Group (IAG) has raised $450mn ($287mn) after warning that its first-half profits will be adversely impacted...
    23 February 2009
  • Arch Capital and Montpelier in the red on investments
    (Re)insurers Arch Capital Group and Montpelier Re joined the crowd of Bermudians posting poor fourth quarter 2008 results, as the dire investment conditions took their toll.
    23 February 2009
  • Hartford shares tumble again as fears return
    Troubled US insurer Hartford Financial saw its shares lose almost half of their value last week, leading a slide in life insurer stocks over growing concerns about the sector’s exposure to variable annuities and commercial mortgage-backed securities (CMBS).
    23 February 2009
  • Fairfax continues to buck trend with record profits
    Fairfax Financial Holdings Ltd continued to swim against the tide of financial turmoil as it reported its best ever annual profits on the back of record investment gains.
    23 February 2009
  • Latest Madoff suit opens up potential new exposure for insurers
    A class action lawsuit filed on 12 February under the US Employee Retirement Income Security Act (ERISA) has potentially opened up a new avenue for Madoff-related losses in the insurance industry.
    23 February 2009
  • People Moves
    Currie extends RenRe stay; new CRO named...
    23 February 2009
  • Flagstone slumps to 2008 loss on investments
    Bermudian-headquartered Flagstone Re has become the latest casualty of heavy investment losses as it slumped to fourth quarter and full-year net losses.
    23 February 2009
  • Generali downgraded on write-down concerns
    Assicurazioni Generali, one of Europe's largest insurers, saw its financial strength ratings cut last week on concerns over the impact of the financial turmoil.
    23 February 2009
  • Berkshire stock hits 5-year low
    Shares in Berkshire Hathaway hit fresh 5-year lows last week as financial market turmoil took its toll on the company's stock holdings and shareholders speculated that...
    23 February 2009
  • Cat bonds return with $200mn Atlas V
    The Lehman Brothers-induced ILS drought finally ended last week with the completion of Scor's $200mn Atlas V catastrophe bond, and news that Goldman Sachs is marketing the renewal of Chubb's East Lane III.
    23 February 2009
Load More

Most Recent