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Xchanging in claims overhaul with triple hire
London market business processor Xchanging has unveiled an overhauling of its claims services with the recruitment of a trio of senior executives.
31 January 2011
Achilles still 23% short of Brit approval threshold
Brit has continued its steady drip of announcements extending the offer period for Achilles and revealed that its potential buyers still need another 22.6 percent of shareholders to approve the deal.
31 January 2011
Queensland industry insured loss up to $10bn, says Chubb
Chubb's preliminary loss estimate from January flooding in Queensland is based on an industry insured loss estimate of between $5bn and $10bn, the US insurer revealed in its Q4 2010 earnings call
31 January 2011
Charles Taylor on target
Charles Taylor Consulting (CTC) is trading in line with expectations.
28 January 2011
PartnerRe renewal premiums down 16% at 1/1
Bermudian-headquartered global reinsurer PartnerRe has revealed that its renewal premium fell by 16 percent at 1 January to $1.81bn under the combined impact of declining prices and changes to the Paris Re book.
28 January 2011
Chubb reveals up to $100mn Q1 hit from Queensland floods
The Chubb Corporation has become the first insurer outside of Australia to put out an estimate for the impact of the Queensland floods as it revealed its Q1 2011 figures will take a pre-tax hit of $75mn to $100mn.
28 January 2011
Former chairman Golub wants AIG broken up
Former AIG chairman Harvey Golub has said that the state-owned insurer should be split in two in the future due to the mismatch between its life and non-life businesses.
27 January 2011
Japanese carriers downgraded on sovereign risk
Standard & Poor's (S&P) has downgraded four Japanese insurers including Tokio Marine & Nichido Fire Insurance after lowering Japan's sovereign rating
27 January 2011
Lloyd's faces ‘hundreds of millions of dollars’ Australia hit, warns Levene
Lloyd's chairman Lord Levene has said that the Corporation's loss from the Australian floods is likely to be "hundreds of millions of Australian dollars".
27 January 2011
Obama medmal reform pledge gets mixed reception
President Obama's call for US medical malpractice liability reform in yesterday's State of the Union address has been met with some skepticism by his fellow Democrats.
27 January 2011
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