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  • There were few surprises as Lloyd’s published its full annual report for 2004 last week. Although profits of £1.36bn were down on the £1.89bn recorded in 2003, the year was, on the face of it, a strong showing from the world’s oldest insurance market,
  • US cedants will have to increase their capital requirements if Europe’s reinsurance industry gets its way and has the controversial collateralisation requirements abolished. The US’ reinsurance collateral system was again the subject of debate last...
  • The (re)insurance industry cannot afford to rest on its laurels after a year of regulatory upheaval and must stay alert to new risks on the legal horizon, senior figures heard today (8 September).
  • The global insurance industry returned to growth in 2010, lifting premium income 2.7 percent following strong performance from emerging markets, a Swiss Re study has revealed
  • Following last week’s early-announcers, Bermudian and US (re)insurers are continuing to unveil third quarter figures badly damaged by the quartet of hurricanes hitting the Caribbean and Florida in September and October.
  • XL Group bucked the trend as it posted second quarter net profits up 18 percent to $225.7mn compared to Q2 2010, and continued to make significant share buybacks in the period.
  • Bermudian (re)insurer XL Capital last Wednesday (4 January) announced a senior management reshuffle, as it steps up its long-term succession strategy to replace CEO Brian O’Hara. As part of the restructuring, James Veghte has been appointed chief...
  • Bermuda-headquartered Aspen Insurance Holdings saw its full year 2008 net income decline 78.8 percent to $103.8mn, compared to $489mn in 2007, as it recorded other-than-temporary impairment charges of $59.6mn on its investment portfolio for the year.
  • Bermudian Max Capital Group saw its second quarter net income drop to $42.8mn compared to $74.2mn in Q2 2008, in part driven by a higher loss ratio and acquisition expenses in its property casualty business.
  • Hiscox plc is leading a flurry of proposed bids among Lloyd's (re)insurers to expand their 2010 capacity in order to take advantage of anticipated good trading prospects and the stronger dollar.