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  • Lloyd's insurer Chaucer has forecast a "significant increase" in offshore energy rates and flagged up hardening conditions in aviation and catastrophe-exposed property markets.
  • French giant AXA had its Fitch financial strength rating affirmed at AA today (17 January), and its Long-term and Short-term ratings at A+ and F1 respectively, all with a stable outlook.
  • Highly leveraged insurance brokers and service providers are subject to high credit risk and may face downgrades, rating agency Moody’s Investor Services warned last week.
  • In line with many of its catastrophe-exposed peers, Bermudian (re)insurer PartnerRe booked an operating loss for the first three quarters of the year and saw net income plummet after being battered by losses.
  • Bermudian-headquartered insurer Lancashire Holdings Ltd will have faced its biggest test to date so far this year and its forthcoming first quarter results will give the best indication yet of the firm's strength, according to analyst Nick Johnson of Numi
  • Australian (re)insurer QBE has warned that its first-half profits are likely to be 40 percent down on 2009, as it wrestles with net realised and unrealised equity losses of US$228mn.
  • Australian (re)insurer QBE has warned that its first half profits are likely to be 40 percent down on 2009, as it wrestles with net realised and unrealised equity losses of US$228mn.
  • London-listed Jardine Lloyd Thompson (JLT) has added three new independent European brokers to its network, including the acquisition of a 20 percent stake in Austrian broker Greco.
  • AIG's quest to dispose of non-core assets and generate excess liquidity could see the company repurchase as much as $20bn of its stock over the next two quarters alone, potentially having a dramatic improvement on the insurer's current ailing valuation, according to research by Deutsche Bank.
  • Insurers for Deepwater Horizon owner Transocean have filed legal complaints, seeking declarations that Macondo well owners BP, Anadarko and Moex are not "additional insureds" under its policies