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  • Bermudian reinsurer Endurance Specialty Holdings has reported a small rise in income against a background of falling written premiums in the third quarter last week.
  • The £800mn+ Brit Insurance-Apollo buy-out deal is balanced on a knife-edge, with a 50 percent chance that it will collapse, according to London-based stockbroker Jefferies.
  • Securities litigation filings fell 39 percent in the first quarter of 2010 with 178 suits filed - compared to the record-breaking 294 suits seen at the height of the credit crisis backlash in Q1 2009.
  • Lloyd's (re)insurer Chaucer became the latest firm to admit to a shortfall in its trade credit portfolio last week, as it revealed it had strengthened the reserves by £23.5mn in the third quarter.
  • After the Australian Securities and Investments Commission (ASIC) decided to make rating agencies more accountable for their advice, Standard & Poor's (S&P) said it will stop supplying ratings of corporate bonds and other debt-based securities to retail investors in Australia.
  • Lord Peter Levene, chairman of Lloyd's, has lambasted those who question whether the competitiveness of the City should take precedence in the UK, insisting it is "an absolute priority".
  • Swiss Re expects to take a $300mn hit after reinsurance for hurricanes Gustav and Ike, the two storms that made US landfall earlier this month.
  • French reinsurer Scor's net income for the first six months of the year dropped by 24 percent from H1 2008 to EUR184mn, as investment income more than halved...
  • R&SA and Syndicate 45 sued by T&N; Hartford sued by Western MacArthur; and Chubb takes $625mn hit as claimants target non-product liability coverage.
  • Beleaguered Canadian-headquartered motor insurer Kingsway Financial Services has replaced its president and CEO Colin Simpson - who was nominated to the role by Kingsway's majority investor, Stilwell Group in 2008 - with fellow Stilwell nominee Larry Swets.