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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,
  • In a torturous month for the insurer, we examine the difficulties facing Martin Sullivan As the weeks pass since the departure of the patriarchal Maurice "Hank" Greenberg from the company he built into the world's largest insurer, so the size of the...
  • Shares in UK listed Jardine Lloyd Thompson Group plc (JLT) fell sharply last week following the broker’s 2005 results which showed a fall in profits and a downbeat assessment of trading conditions. JLT’s shares, which started the week at 445p, fell...
  • The past month has seen the first serious indications that business may be beginning to desert broker Marsh for its rivals. At the start of February, the broker admitted that Britain's second largest listed insurance company Prudential plc had migrated
  • Industry veteran Don Kramer has agreed to buy the infrastructure of GoshawK’s Rosemont Re to establish a new $750mn+ private equity backed Bermudian reinsurer.
  • 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.
  • 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.
  • Fairfax Financial Holdings (FFH) has described the shareholder class action suit filed against it over the acquisition of outstanding minority interests in OdysseyRe as a "nuisance suit".
  • 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.
  • ILS pioneer Swiss Re has increased the size of its Vita IV extreme mortality cat bond to $75mn and its Successor X US wind and quake transaction up to $120mn, due to investor demand.