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  • Reinsurer XL Re Europe Ltd is facing demands by ceding companies in the London market to post letters of credit to back up underwriting of treaty renewals, The Insurance Insider has learned.
  • When, without prompting, Jardine Lloyd Thompson Group plc’s (JLT) new chief executive Dominic Burke volunteered: “I passionately believe in the independence of JLT”, it begged the question: “Who was suggesting otherwise?”
  • German giant Allianz has upped its 2006 earnings forecasts following a set of strident second quarter figures that include a 64 percent rise in net profit to EUR2.3bn against analysts' consensus of EUR2bn.
  • In the aftermath of the terrorist attacks on the World Trade Center, The Insurance Insider’s lead editorial quoted the following exchange from Hemingway’s The Sun Also Rises:
  • You don't need good hand-eye coordination or well-toned muscles to push money around, points out Warren Buffett, but the fact that the combined age of his and his fellow managing partner Charlie Munger is 163 years, meant the Sage once again addressed the
  • Alea Group chief executive Mark Cloutier will step down next year, the run-off (re)insurer confirmed last week (24 April).
  • Contrasting performance on organic growth was highlighted by analysts as Arthur J Gallagher & Co (AJG) and Hilb, Rogal & Hobbs (HRH) reported total revenues up for the second quarter.
  • Despite recent suggestions from the likes of Swiss Re that capital markets will increasingly bear the burden of large-scale risk, Standard & Poor’s (S&P) believes the securitisation market is serving as a complementary form of risk transfer, and not a sub
  • Bermudian reinsurer Platinum Underwriters has reported a $17.7mn fourth-quarter net loss on cat losses of $78.1mn, led by the New Zealand earthquake and a $9.9mn charge from Australian floods.
  • Ratings agency Standard & Poor's (S&P) revised its outlook for the US commercial lines and property & casualty sector to negative yesterday on the back of continued price softening and declining investment returns.