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August 2008/3

  • Lloyd's insurer Amlin plc has continued its strategy of acquiring interests in small UK producers with the purchase of a minority stake in TL Dallas Group Ltd.
  • Risk Management Solutions (RMS) has launched new winter storm and severe convective storm models for North America to assess losses from different weather events.
  • Zurich Financial Services announced net profits of $2.7bn and a combined ratio of 96.2 percent for the first half of the year, but only after making higher than expected reserve releases of $609mn.
  • RSA Insurance Group plc's strong results last week have once again fuelled speculation that it could be the subject of a takeover bid.