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January 2005/5

  • Bermudian reinsurer PartnerRe revealed that its bill from Windstorm Erwin, which struck Northern Europe in early January, is expected to be between $50mn-$60mn.
  • The Indian Ocean tsunami will probably cost Lloyd’s insurers less than $500mn, the Corporation’s chairman has claimed.
  • The Markel Corporation has brushed aside 2004’s long list of natural catastrophes by reporting record profits for the year.
  • Tort reformists in the US have received a boost with the news that the Senate judiciary committee approved a series of changes to state laws governing civil lawsuits in medical malpractice cases last Thursday (27 January).
  • Andrew Wallas, the chairman of London market broker Glencairn Ltd, has left the company, Insider Week can reveal.