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  • Premiums in the mining industry have fallen for the second consecutive year despite a series of catastrophe losses, according to broker Willis.
  • As the lengthy list of victims in the Madoff scandal grows daily to include educational institutions, charities and foundations together with international banks, private hedge funds and insurers around the world (see table),so too does the...
  • (Re)insurers’ profitability continues to be threatened by the uncertainty of reinsurance disputes, a leading US lawyer has warned.
  • Bermuda-based Maiden Holdings is set to buy a majority stake in the reinsurance business of UK-based automotive business of GMAC International Insurance Services, almost three years after buying its US-based sister company GMAC Re.
  • Newly formed Alterra Capital - the merged Max Capital/Harbor Point - posted net income of $103.4mn for the second quarter of 2010.
  • Both insurers grow their excess and surplus lines market share, partly at the expense of Berkshire Hathaway and Allianz
  • Everest Re has prompted fears of more hurricane pain for reinsurers after revealing further deterioration in losses from last autumn’s storms in its first quarter results published yesterday (24 April).
  • Bermudian (re)insurance group Arch saw its 2010 profits fall by only 4 percent, in contrast to many of its rivals.
  • Integro Ltd has reduced its employee headcount by almost a quarter as new chief executive Peter Garvey implements a cost-cutting drive at the independent insurance broker, The Insurance Insider can reveal.
  • As the (re)insurance industry gears up to report Q3 financials, earnings are expected to be dominated by deteriorating investment performance and continued catastrophe losses, this time from US hurricanes.