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  • Rating agency Standard & Poor's (S&P) confirmed on 12 June that Swiss Re's acquisition of GE Insurance Solutions (GEIS) has cost the reinsurer its AA rating, which has been downgraded a notch to AA-.
  • The World Bank is launching a catastrophe bond issuance platform to give governments and other public entities access to international capital markets for natural catastrophe insurance.
  • Patrick Werner, former CEO of Willis-affiliate Gras Savoye has left the firm after seven months at the helm and just days after his internal structural overhaul had come into effect at the French broker.
  • The insurance segments of the Berkshire Hathaway group registered a 3.5 percent fall in earnings in the first quarter, as lower investment income masked improving underwriting results.
  • Run-off insurer GoshawK Insurance Holdings plc has parted company with non executive director Richard Titley today (28 November) – a move that was first announced last week. Titley follows chairman Paul Spencer who left last week as part of a deal by..
  • Bermudian XL Capital has reported fourth quarter earnings in line with last month’s sub-prime loss fuelled profits warning, but analysts continue to focus on uncertainty surrounding the troubled (re)insurer.
  • Ironshore and QBE have shot up data provider SNL's rankings of the fastest-growing excess and surplus lines (E&S) carriers in the US, with Berkshire Hathaway and Allianz falling sharply as they curb premium.
  • As anaemic interest rates continue to cut into investment returns and the well of reserve releases steadily dries up, underwriting discipline is crucial this year for reinsurers battling the soft market and is "the only lever left" for senior management riding the cycle.
  • Shares in (re)insurer Quanta Capital Holdings Ltd collapsed earlier this month after the company admitted it was putting itself up for sale following deteriorating losses and a downgrade by rating agency AM Best from the crucial A- to B++.
  • Despite the fact it was the third-most intense Atlantic hurricane to make landfall since records began Hurricane Dean's "extraordinarily fortunate track" left (re)insurers facing only modest losses.