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  • Despite bumper 2009 net profits, (re)insurers may already be failing to cover their cost of capital once the impact of prior-year reserve releases is stripped out.
  • 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.
  • In a day of flux for the London Market insurance sector, Lloyd’s motor underwriter Cox has confirmed the appointment of Highway CEO Andrew Gibson as its new finance director.
  • There was a time when insurance companies were not the exciting “financial services” players they are now; they were considered stodgy businesses run by boring, grey-flannelled organization men. Working in the employ of stock insurance companies was re
  • Zurich Financial Services (ZFS) - the enduring frontrunner in the race to buy Royal Bank of Scotland's up-for-sale insurance businesses - overcame a significant hurdle last week when reports confirmed that the firm had its financing in place.
  • Shares in French reinsurer SCOR fell last week after the company revealed that its sales had fallen by a quarter last year, leading to fears that key customers have deserted the embattled firm despite attempts to turn the company around.
  • San Francisco and Dallas amongst those targeted as company moves to three core US underwriting hubs.
  • Reinsurance broker Benfield Group predicted better than expected revenues for 2006 on the back of rising reinsurance rates in 2006 and 2007. In a 12 January trading statement, the broker said that it now expected 2006 turnover to grow by 20 percent...
  • Energy mutual OIL is set to emerge as a winner following the Horizon loss as capacity tightens across the market, The Insurance Insider understands.