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  • French (re)insurance giant AXA reported strong first half results for 2007 on a comparable basis with 2006, boosted further by the successful integration of Winterthur.
  • 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 insurer negotiating with new advisers to rekindle postponed fund The Lloyd's based UK insurer Creechurch is considering a second attempt at a London IPO later this year, less than two months after withdrawing a planned £75mn AIM offer with sto
  • Swiss Re confirms closure of London fac operations; FI rates up 15%; FSA keeps Pamplona waiting; HCC to buy out Syndicate 4040; UK privatise welfare?; Hurst-Bannister to chair MRG...
  • In stark contrast with JLT, reinsurance broker Benfield Group impressed analysts early March with a positive outlook on conditions although, as expected, its cost base impacted margins. Group revenue rose 6.8 percent from £303.5mn in 2004 to...
  • In a pioneering transaction, the US insurer Farmers Insurance Exchange has acquired the right to issue $500mn of regulatory capital if it suffers a severe US natural catastrophe loss in the next five years.
  • French (re)insurance giant AXA reported strong first half results for 2007 on a comparable basis with 2006, boosted further by the successful integration of Winterthur.
  • In contrast to its troubled rival, ACE Ltd - which was set up with XL on Bermuda in the mid-'80s - reported record full year 2007 net income of $2.58bn, up 12 percent on the prior year...
  • Standard & Poor's (S&P) has upgraded the insurer financial strength and long-term counterparty credit ratings of Catlin Group's core subsidiaries by one notch to A, citing an "improved financial profile".
  • The New York State Insurance Department has begun formally implementing changes to insurance regulation that could reintroduce the contingent commissions lost in the Spitzer era by as early as mid-January 2010.