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  • International (re)insurers should be vigilant in ensuring they understand the full extent of their liabilities under Japanese law, London law firm Reynolds Porter Chamberlain LLP (RPC) has warned.
  • KPMG scrutinises FirstCity contracts; Alea sees improvements in MBS book
  • Speculation is mounting over the insurance industry's exposures to Enron - the giant US energy group that filed for bankruptcy protection last week. While initial fears concentrated on possible D&O and professional indemnity losses, concerns are rising ov
  • 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
  • Concerns over the Japanese economy and the impact of slumping equities on balance sheets has provoked Fitch Ratings to downgrade four Japanese non-life insurers.
  • Benign loss conditions in the US property casualty sector continued into the second quarter as insurers are expected to payout just $1.65bn in catastrophe claims – the lowest figure for the quarter since 2000.
  • Class of 2005 start-up Lancashire Holdings has posted better than expected full-year 2008 results, posting net profits of $97mn as both investment income and underwriting continued to contribute to the bottom line over the year.
  • German giant Hannover Re has received a ratings boost from Moody's Investors Service after the ratings agent upgraded the reinsurer's financial strength rating to A2, from A3 last week.
  • Standard & Poor's (S&P) has downgraded BP's loss-struck captive Jupiter Insurance Ltd, after cutting the ratings of its parent while it battles to stem the Deepwater Horizon oil spill.
  • State Farm Mutual has pulled its plans to exit the property insurance market in Florida, marking a major change in tack for the US home insurance giant.