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  • The asset drain continues at Marsh & McLennan’s troubled investment management arm Putnam, according to latest figures and analysis from equity analysts at Morgan Stanley.
  • Platinum Underwriters has become the latest reinsurer to put a loss figure out for last month's Tohoku earthquake and tsunami as it said its Q1 financials will take a net negative hit of $87mn from the disaster.
  • The entire executive board of UK retail broker Swinton Group has been dismissed and replaced with immediate effect.
  • To avoid the threat of downgrades, Bermuda’s (re)insurers are being forced to tap the capital markets Bermuda’s (re)insurers are rushing to the capital markets to repair the damage Hurricanes Katrina and Rita have wreaked to their balance sheets and...
  • Specialist liability underwriting agency CFC is to buy itself out from its parent Hyperion Group, the firms have announced
  • Chubb Europe completes London move; Bermudian Starr gets A rating; Japanese trio in merger talks; US P&C sector slides to loss; CEA responds to QIS4 despite impasse; Swiss Re secures $1.5bn to ease capital concerns; Torus acts as Citadel scales back
  • Lloyd's is putting together a delegation to undertake a second visit to Chile to assist with claims adjustment work, The Insurance Insider can reveal.
  • The US Court of Appeals has rejected the asbestos settlements reached by US insurer Travelers Cos with policyholders in March 2006.
  • German reinsurer Hannover Re recorded a relatively light impact from second quarter cat losses as it posted operating profits up 15.8 percent to EUR467.7mn for the half-year, despite a 10.4 percent fall in gross premium volume.
  • Lloyd's and Bermuda (re)insurer Omega Insurance Holding's offer for up to 50 percent of the 2010 capacity on its Lloyd's Syndicate 958, set to close on Thursday (2 July) has been relatively well received by members' agents and analysts alike.