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  • Despite posting credible numbers for the first half of the year, Jardine Lloyd Thompson Group plc’s (JLT) share price fell almost 10 percent in early trading today as investors again reacted nervously to the bleak trading conditions confronting the firm.
  • US insurer Chubb reported a nearly 20 percent year on year drop in second quarter net income to $419mn, despite suffering record losses from the spate of tornadoes that struck the US in the period.
  • Last autumn’s industry record hurricane losses triggered sharp increases in property rates in the fourth quarter of 2005, according to the latest RIMS Benchmark Survey from analysts at US firm Advisen.
  • Omega Insurance Holdings confirmed last week that chairman Walter Fiederowicz is stepping down from the company, with a successor expected to be in place by 1 January 2010.
  • Rating agency Standard & Poor's (S&P) says that more (re)insurers are likely to become insolvent as Solvency II puts the industry through a "revolution".
  • With the announcement by Swiss Re last week that Stefan Lippe is to become group deputy CEO and COO, replacing Andreas Beerli, the reinsurance giant appears to be refocusing its attentions on the underwriting side of the business.
  • The emergence of the special purpose reinsurance entities known as sidecars is an innovative capital and risk management strategy and the market looks set to keep growing according to a report by ratings agency Moody's.
  • Outgoing Hannover Re CEO Wilhelm Zeller said the 11 percent rate increases it saw in its US catastrophe lines at the key 1/1 renewals are "encouraging but frankly not enough...
  • Despite unveiling interim results that continue to show improving underwriting performance, Royal & Sun Alliance (R&SA) disappointed analysts and rating agencies last week with news of further deterioration of its US business and a potential £800mn to sho
  • Despite a hearing earlier this month headed by the Pennsylvannia insurance commissioner Diane Koken, ACE Ltd is no closer to knowing whether the proposed controversial sale of three asbestos-riddled subsidiaries to run-off company Randall & Quilter...