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  • Lloyd's managing agency Novae Syndicates Limited has reported no deterioration in run-off reserves as it continues to successfully manage down its legacy business.
  • Typhoon Melor, which made landfall as a category one storm in Japan during October, has resulted in incurred claims of Yen55bn ($617mn), according to an announcement by the General Insurance Association of Japan last week.
  • Straight talking Willis supremo Joe Plumeri warned the London market that it must change its outlook to achieve consistency of returns, growth and earnings, as he enthralled his Lloyd’s library audience in last Wednesday’s (10 March, 2004) Insurance Insti
  • Lloyd's Names are being asked to pay £75.00 to join an action group that will investigate the possibility of alleged mis-selling by Names' stop loss mutual Integer. The newly formed Stop Loss Recovery Group is canvassing Names who purchased stop loss i
  • American International Group (AIG) is beginning to show signs of recovery, but the US taxpayers' return from its rescue of the firm will depend on its long-term health and market conditions, according to a report from the US Government Accountability Office (GAO).
  • The size of the continental European run-off market swelled to an estimated EUR205bn in 2009, compared to EUR196bn in 2008.
  • $550mn start-up hit by breach of contract ruling The Quanta start-up story took a new turn last month when it emerged that Thomas F. Taylor, a former CNA executive vice president of property and liability, who was to head up the E&O operation at Quant
  • According to the latest syndicate forecasts, all-time record profits from the recently closed 2006 year of account at Lloyd's are set to be followed by solid profits for the 2007 account.
  • Russian-backed private equity firm Pamplona Capital Management is still awaiting approval from UK regulator the Financial Services Authority (FSA), after conditionally building a 16.27 percent stake in Lloyd's insurer Chaucer last month.
  • While parent AIG reported a moderate $455mn third quarter net profit - compared to the giant $24.5bn net loss of Q3 2008 - Chartis disappointed on its core underwriting.