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  • As the US property and casualty (P&C) industry converges on Orlando, Florida, for the annual RIMS conference, one of the key themes is the impact the economic crisis is having on the market.
  • S&P reassesses syndicate ratings; UK start-up begins trading; FSA consults on special purpose vehicles; RFIB recruits energy team; Insurers dealt UK asbestos blow; Omega upbeat; Ward targets change with reshuffle; et al.
  • Lloyd's was lauded in some quarters at the beginning of the month; praised for a record return to profit after years of losses, congratulated for its peer beating combined ratio, and bandied about as a unique performer in an otherwise depressed industry.
  • Maurice “Hank” Greenberg-controlled private company Starr International (SICO) did not misappropriate assets from an American International Group (AIG) trust set up to provide compensation for senior AIG executives, a US federal jury has ruled.
  • After downgrade and developing hurricane losses, investors await strategic plan... Post-9/11 start-up Montpelier Re has pleaded for patience from investors as it formulates a strategic plan to recover from heavily deteriorating hurricane losses that...
  • Faber & Dumas, Willis' newly created specialty platform, has become one of London's largest wholesale brokers with the migration of three new businesses alongside Glencairn Ltd.
  • The US House of Representatives has voted to extend the Terrorism Risk Insurance Act (TRIA) for seven years, bowing to Senate lawmakers who passed a similar programme in November.
  • The timing of Converium's upgrade to its desired A- financial strength rating from Standard & Poor's (S&P) couldn’t have been better as it attempts to shake off the hostile attentions of rival SCOR.
  • Embattled reinsurer Scottish Re Group Ltd has agreed to sell its non-US life reinsurance unit to US-based insurer Pacific Life insurance Company for more than $71mn.
  • Lloyd's Names will be able to give their views on Hampden Private Capital's acquisition of the Names' advisory business of CBS Private Capital after receiving a questionnaire from the Competition Commission last Friday (11 August).