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  • Troubled Bermudian reinsurer PXRE reported a small third quarter net profit last week (8 November) as it said it continues to look for alternatives to what looks to be an increasingly inevitable slide into run-off.
  • US giant property casualty insurer The Hartford announced Friday (19 December) that it has agreed a $1.15bn global claims settlement for asbestos exposures to MacArthur Company and its Western MacArthur subsidiary.
  • Lloyd’s insurer SVB continued its upbeat recovery message last Wednesday (24 March) as it reported 2003 pre-tax profits of £17.8mn, or 3.8p a share, up from £10.1mn in 2002.
  • Global insurer Zurich Financial Services has estimated it will pay net claims of $295mn for the US storms that struck throughout April and May
  • Despite a hearing headed by the Pennsylvania insurance commissioner, Diane Koken, last week, ACE Ltd is no closer to knowing whether the proposed controversial sale of three asbestos-riddled subsidiaries...
  • Canopius Managing Agents CEO Clive Watson is to leave the Lloyd's (re)insurer with effect from 1 October. A successor is yet to be found...
  • London-headquartered (re)insurance broker RFIB has initiated steps to overhaul its underperforming business after its 2011 results were weighed down by the discovery of £1.5mn of bad debt
  • Developments at the turn of the month moved Maurice "Hank" Greenberg closer to ending his long-running legal battles with American International Group (AIG).
  • As predicted in the February edition of The Insurance Insider, Aon Corp has struck a nationwide agreement with US regulators to settle the bid-rigging, kickback and steering investigations into the broking giant.
  • Risk Management Solutions (RMS) has launched new winter storm and severe convective storm models for North America to assess losses from different weather events.