Leading analysts have claimed that Chubb may be forced to bolster its reserves to cover mounting claims.

The capital-raising move, expected in the next month, could be for several million pounds.

Following higher than expected D&O claims, Chubb was hit by further shareholder litigation in the wake of the Enron and Worldcom scandals.

William Yankus, an insurance analyst at Fox-Pitt, Kelton, told the Wall Street Journal he expects the company to boost its reserves after its new chief executive John Finnegan is in place.

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