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  • Munich Re has progressed from its iconic world map of natural hazards which first appeared in 1978 and pooled its research in the field of geo-risks onto digital format in the form of a DVD.
  • XL Capital ended its annus horribilis with a net loss of $2.63bn as the Bermudian (re)insurer’s CEO Michael McGavick warned of a "meaningful reduction" in gross written premium in 2009 and plans to cut its current workforce by 10 percent.
  • Practitioners in the global run-off space expect the global credit crunch to be a significant driver of new business in 2009.
  • Insurers hoping for successful subrogation against Boeing in a long-running battle over the defective 702 series satellites have been dealt a blow after an International Chamber of Commerce (ICC) arbitration panel ruled in favour of the aerospace manufacturer.
  • The International Underwriting Association (IUA) today celebrates 10 years since its formation after the merger between the London International Insurance and Reinsurance Market Association (LIRMA) and the Institute of London Underwriters (ILU) in 1999.
  • Argo Group's full year 2008 net profit fell 56 percent to $62.9mn as underwriting losses at its international specialty segment, combined with modest investment write-downs and the loss of a flattering extraordinary item relating to the 2007 acquisition of PXRE Group, made their presence felt.
  • Class of 2005 start-up Lancashire Holdings saw its share price climb 6 percent on the London Stock Exchange after posting better-than-expected full-year 2008 results.
  • Shareholders of Chaucer Holdings plc - the Lloyd's insurer that is exciting M&A interest - approved the £75mn equity net fundraising designed to plug a hole in its 2009 capital requirements.
  • SP AusNet - the Australian energy firm owned by Singapore Power - has been filed with a class-action lawsuit relating to the deadly bushfires that swept across Victoria state earlier this month.
  • Xchanging - the company that runs the London market bureau on behalf of the market - is set to close its wholly-owned consulting operation, Xchanging Insurance Professional Services Ltd (XIPS) The Insurance Insider can reveal.