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February 2010/3

  • Unveiling record underlying profits for 2009, Lloyd's (re)insurer Beazley has confirmed previous estimates of a negative impact on its £33mn 2009 profits...
  • (Re)insurance litigator leaves RPC for rival; Brit appoints chief information officer.
  • Clydesdale provides financing for Windsor; Allied World sets up new division; Katherine Barker to head Armour US subsidiary; Chris Blackham returns to insurance industry at Howden...
  • Guy Carpenter is set to part company with UK chairman Mark Hewett, it emerged last week.
  • Lloyd's insurer Chaucer has lured top Argo International underwriter Mark Lawrence to head up its new launch international liability division.
  • Guy Carpenter's Asia-Pacific Climate Impact Center (APCIC) over-estimated tropical cyclone activity in the Western-North Pacific region in 2009, the broker said in a review.
  • Scor reported increases in volumes and pricing across its portfolio during an upbeat renewals update last week.
  • American International Group (AIG) may be forced to take more than $8bn of MetLife stock in lieu of cash if it wants to get life subsidiary Alico off its hands, according to US reports.
  • Bermuda-domiciled Lloyd's insurer Hardy has received a stable ratings outlook from AM Best, ahead of its full year results due at the beginning of March.
  • PartnerRe announced a string of additional structural changes last week, following the closing of its acquisition of Paris Re.
  • Fitch has downgraded Berkshire Hathaway's insurance subsidiaries, as the Warren Buffett-backed conglomerate completed its $16bn mega-acquisition of railway operator Burlington Northern Santa Fe (BNSF).
  • Underwriters need to improve how they handle their transactions with brokers and maintain underwriting discipline to weather the soft market better, the Lloyd's performance director Tom Bolt has warned.
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