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  • German reinsurer Hannover Re has had its insurance financial strength and debt ratings upgraded from Baa1 to A3 and Ba1 to Baa2 respectively with a stable outlook by rating agency Moody’s Investors Service.
  • Lloyd's insurers are enjoying better loss ratios despite the enervating effects of the soft market, if the industry's heavy cat loss burden is stripped out from the first half of the year.
  • US financial services firm State Street Corp's decision to establish a $618mn fund to cover sub-prime related lawsuits has set alarm bells ringing among directors' and officers' (D&O) insurers offering defence costs coverage.
  • London-based insurance-linked securities (ILS) investment manager Securis Investment Partners plans to launch a new fund on the main London Stock Exchange (LSE) next month.
  • Allstate is replacing the bulk of its state-by-state and aggregate catastrophe reinsurance covers with a giant $3.25bn xs $500mn nationwide programme, The Insurance Insider can reveal.
  • Warren Buffett again paid tribute to his reinsurance maven Ajit Jain while revealing that Berkshire Hathaway's underwriting profits climbed from $1,460mn to $2,013mn in 2010
  • Bermudian reinsurer Olympus Re has had its AM Best “A-” (Excellent) rating placed under review with negative implications as the rating agency expressed concerned over the company’s exposures to this year’s potent hurricane season.
  • Last year's trend towards lower aviation premiums is unlikely to last beyond the start of 2004, according to new research published by brokers Aon.
  • Kiln has reduced the profit forecasts for most of its four non-aligned syndicates for the 2010 and 2011 years of account
  • Underwriting returns deteriorated by 46 percent to $242mn for Validus in 2010, as it felt the impact of above average catastrophe losses.