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  • Despite a modest investment setback in Q4, Fairfax Financial Holdings (FFH) added almost a third to its book value in 2009 as workers' compensation underwriter Zenith National Insurance (ZNT) was unveiled as its latest takeover target.
  • UK-listed broker Jardine Lloyd Thompson Group plc (JLT) is to undergo a radical restructure that will merge its UK Corporate Risks and JLT Risk Solutions, Insider Week can reveal. Following the merger – due to complete by the third quarter 2006...
  • Lloyd's (re)insurer Advent reported increased pre-tax profits of £5.7mn for the first half of the year, compared to £1.6mn in the same period of 2008.
  • 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.
  • Lloyd’s insurer Wellington has announced its results for the 2002 year-of-account, an updated forecast for the 2003 year-of-account as well as an initial forecast for the 2004 year-of-account.
  • 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.
  • SCOR’s EUR180mn 4.125 percent senior unsecured “OCEANE” bond has been assigned a “BB” rating by Fitch, matching the French reinsurer’s long-term rating.
  • The second stage of the World Trade Center trial between WTC leaseholder Silverstein Properties and nine remaining insurers is scheduled to begin on 11 October 2004.
  • Former RenaissanceRe executives Bill Riker and Michael Cash have completed their first collateralised reinsurance transactions for Q Re (Bermuda) Ltd - a new, class 3 Bermudian reinsurer backed by legendary investor George Soros.
  • Telecommunications giant AT&T has filed a lawsuit against 15 insurers over allegedly unpaid property damage and business interruption claims relating to 9/11.