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  • BP's purchase of at least $400mn and possibly as much as $500mn in Side A D&O cover in the commercial market is a stark reminder of how insurance exposures can arise from the most unlikely sources
  • The shipowners' protection and indemnity (P&I) clubs have reaped improved investment returns on recovering equity markets, with the members of the International Group (IG) for the policy year ending 20 February 2010 reversing heavy earlier losses in 2008/2009.
  • The first sign of the magnitude of last month’s Florida legislation for reinsurers emerged with Bermudian RenaissanceRe paring back growth targets for 2007 managed property cat reinsurance by 20 percent...
  • Changes are on the cards for Florida's centralised property insurance funds after voters elected a radical Republican governor to replace incumbent Charlie Crist.
  • Bermuda-based Aspen Insurance Holdings has become the latest company to face the prospect of a downgrade by Standard & Poor’s (S&P) in the wake of Hurricane Katrina, after it today (3 October) revealed its estimated net losses from the hurricane and...
  • Ex-Converium boss advised MDU on SCOR deal; FSA appoints Sally Dewar in wholesale role; Marsh in £200mn UK back-office outsourcing deal; Glacier Re to form London platform...
  • Bermudian (re)insurer XL Group added a quarter to its H1 profits as reduced overheads and an improved investment performance outweighed an increase in claims.
  • Talks set to resolve Floridian's future following controversial US arbitration
  • Hispanic (re)insurer Mapfre has posted a modest EUR80.8mn loss from the Chilean earthquake, despite its position as the fourth-largest general insurer in the country.
  • The UK reinsurance broking arm of New York-listed consultancy giant Towers Watson has filed 18-month accounts showing that it booked pre-tax profits of £15.8mn on revenues of just £57.9mn