E&S/Specialty

Warren, N.J.-based insurer Chubb says its 2011 fourth-quarter net income decreased 27 percent as losses and operating costs increased over the same period last year.

Platinum Underwriters Holdings, Ltd. says it expects 2011 catastrophes to have a $55.4 million impact fourth-quarter results, including an impact of about $27.9 million for flooding inThailand.

In the final part of a series of articles examining program submissions, executives with Meadowbrook's business development team review the steps involved in developing a program.

Peoria, Ill.-based specialty insurer RLI Corp. says fourth-quarter net income dropped 17.5 percent primarily on the increase in loss and settlement expenses and policy-acquisition costs.

RenaissanceRe Holdings says it expects flooding in Thailand to negatively impact fourth-quarter results to the tune of $45 million.

Bermuda reinsurer Everest Re Group says it expects $245 million in fourth-quarter catastrophe losses, including an estimated $145 million in losses related to the flooding in Thailand.