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  • Despite having to write down $27.1mn from sub-prime affected securities, US reinsurer Transatlantic Holdings Inc's 2007 profits were boosted by a stronger investment performance.
  • Munich Re has committed a $2bn line to a proposed industry offering that it says has the potential to create $10bn-$20bn in new liability cover from the international (re)insurance industry for offshore drilling operations around the US coast.
  • Lloyd's results season picked up in earnest over the last four weeks as companies posted broadly healthy figures tempered by warnings of increased competition and tougher times ahead.
  • Scor's profits slipped by 15 percent to EUR156mn in the first six months of 2010 as natural catastrophe losses took their toll.
  • 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.
  • Rating Agency Fitch Ratings downgraded its financial strength rating on Employers Re to “AA-” last week, citing concerns over the reinsurer’s reserves.
  • Insolvent corporate capital providers cost market dear The Lloyd's Central Fund has now paid more than $1bn on behalf of insolvent corporate capital providers who have left the market with outstanding liabilities. Last month the Society revealed tha
  • In the absence of market-changing catastrophe activity through the rest of the year, Lloyd's opening capacity for 2009 looks set to be marginally down on its £15.95bn stamp capacity at the start of 2008.
  • Broking giant Willis has named Vic Krauze president of Willis HRH, its North American retail business.
  • Niche UK venture capital firm BP Marsh's profits for the year to 31 January 2010 climbed to £3mn from just £0.1mn the previous year