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  • A septet of Bermudians have reported mixed Q1s; RenaissanceRe (RenRe), Everest Re and Arch Capital saw a drop in operating profits while Aspen Insurance reported higher profits on improved investment returns.
  • Hannover Re was boosted last week with the news that rating agency Standard & Poor’s (S&P) had affirmed its AA- insurer financial strength and long-term counterparty credit ratings on the German reinsurer, removing them from CreditWatch with...
  • John Edwards, one of Aon Benfield's most senior retro producers, has resigned, The Insurance Insider can reveal.
  • The legal team of former AIG CEO Maurice "Hank" Greenberg has published a "white paper" critiquing the company's restatement of its 2004 results.
  • Legacy (re)insurer Grafton completed a transfer for UK supermarket firm WM Morrison's captive run-off liabilities understood to be in the "tens of millions".
  • Outspoken former American International Group (AIG) CEO Maurice "Hank" Greenberg has condemned the US government for effectively nationalising the insurance group, and also claimed that the equity for loan deal substantially undervalued the company.
  • The US Treasury and Federal Reserve has attempted to stave off a further deepening of the credit crunch with plans for a temporary increase in a longstanding credit line for beleaguered mortgage giants Fannie Mae and Freddie Mac.
  • Ratings agency Fitch Ratings has followed Standard & Poor's (S&P) in downgrading Swiss Re following it acquisition of GE Insurance Solutions (GEIS).
  • Sidecar vehicles have now raised more than $4bn in capital since they roared into fashion in the aftermath of Hurricane Katrina last year.
  • London-quoted insurance services provider and run-off investor Tawa has announced the completion of the acquisition of 100 percent of Hamburger Internationale Rück (HIR) following receipt of the necessary regulatory approvals.