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  • US insurer the Chubb Corporation has placed its 2005 third quarter catastrophe loss estimate at roughly $600mn gross and $390mn post-tax.
  • Bermudian powerhouse Axis Capital has held up robust fourth-quarter net profits as its full-year net income almost doubled on strong realised gains in its investment portfolio.
  • The Australian Supreme Court has sentenced Dominic Fodera, the former chief financial officer of failed insurance company HIH, to at least an extra year in prison.
  • Spain and Latin America's largest (re)insurer Mapfre achieved an 8.7 percent increase in revenues for full year 2010, despite a EUR 106.1mn hit from the Chilean earthquake.
  • Liability start-up Illium announced last Friday a significant capital investment from Barbadian Imagine Group, and confirmed that FSA approval to underwrite through Syndicate 4040 at Lloyd’s had been granted.
  • Lloyd’s wait for a replacement for former finance director Andrew Moss has come to an end, with the corporation announcing last week that it had appointed former investment banker Luke Savage to the role.
  • Former Faraday D&O underwriter Lance Dalzell-Piper has joined Hiscox to help the Lloyd's insurer market its professional indemnity lines.
  • Aspen Re, the London market reinsurer spun-out of the Lloyd’s insurer Wellington Underwriting last year, is planning to reward its private equity backers by floating in the US later this year.
  • Away from the summer dispute with members’ agency Hampden Private Capital over its Syndicate mergers, Lloyd's insurer Chaucer revealed better than expected interim results last week, including a record profit of £15mn and a strong trading outlook.
  • Tony Latham, the long-serving head of Global Relations at Royal & Sun Alliance, is set to leave the UK headquartered insurer next year, Insider Week can reveal.