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  • Bermudian reinsurer Endurance Specialty Holdings has elected William Bolinder as chairman of its board of directors
  • Improved results from its property and casualty division helped German-based Allianz lift its 2010 net income by 12 percent to EUR5.2bn
  • RSA reported a 15 percent year-on-year drop in net profit to £355mn for 2010, led by weather losses that were £175mn worse than 2009 and a £30mn Chilean earthquake hit
  • Extreme weather events and environmental disasters could cause a return of London market excess-of-loss (LMX) spirals, according to John LaBarbera of US law firm Cozen O'Connor
  • Broker Arthur J Gallagher International is to buy London-based managing general agency (MGA) Woodbrook Underwriting Agencies, as tipped by The Insurance Insider yesterday
  • Net income at US-based property and casualty insurer HCC crept down by just 2.5 percent to $345mn in 2010, as the company largely withstood the combined challenges of high industry cat losses, torpid investment returns and falling rates
  • Catastrophe modelling firm AIR Worldwide has estimated that the (re)insurance industry could lose up to $8bn as a result of the second Christchurch earthquake, a figure roughly equal to the Chilean quake that proved the most costly catastrophe of last year
  • National Insurance and Guarantee (NIG) has provoked the wrath of its rivals with a guaranteed pledge to undercut them in their commercial lines
  • The latest Christchurch earthquake has struck in the same reinsurance year for the New Zealand Earthquake Commission (EQC) as the September quake that has already caused more than $2bn of industry losses
  • Moody's Investors Service has fired a warning shot to Japanese policymakers by downgrading the outlook of the nation's credit rating to negative from stable, but its insurers have so far avoided a similar fate