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August 2010/1

  • New York attorney general considers an appeal against the former "enforcers" for Marsh Global Broking, Bill Gilman and Ed McNenney
  • The Insurance Insider analyses the brokers' Q2 earnings, which shows they are at odds with each other in tackling the challenges of the soft market and economic pressures
  • The heavy first half of the year for catastrophe losses took its toll on Scor as the French reinsurer registered a combined ratio above 100 percent.
  • Chile's fac losses are already $2.3bn and will go higher...
  • Everest Re was one of a number of (re)insurers hiking their Chile loss exposures as fears continue that the ultimate loss could be close to $15bn
  • Everest Re's long-serving Joseph Taranto will step down after amassing an impressive track record at the reinsurer
  • Both insurers grow their excess and surplus lines market share, partly at the expense of Berkshire Hathaway and Allianz
  • The cat specialist confirmed last month that it had sidelined its $60mn Timicuan Florida wind sidecar - a move that contributed to a year-on-year drop in managed cat premium income
  • Bermudian operating profits have fallen by an average of 20 percent in Q2 because of heavier losses and weaker investment income
  • US insurer buys more cover after heavy 2010 cat losses
  • Industry titan rejects the disgraced former New York attorney general's opportunistic rapprochement
  • An intriguing twist to Apollo's £880mn approach for UK insurer Brit Insurance is that only months ago the two firms were in dispute over an unpaid claim...