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  • First quarter profits at Platinum Underwriters have soared by more than 40 percent on the comparable prior-year period.
  • New Year optimism from reinsurers was probably diminished by news of the Suncor Energy loss - which introduced a fresh energy catastrophic loss only months after Hurricane Ivan tore through the Gulf of Mexico devastating oil platforms.
  • The future of Royal Palm Insurance is in doubt after it emerged the Floridian homeowners' insurer lost a $28mn arbitration to its founder and former state senator Wallace "Locke" Burt and his MGA Security First Managers.
  • German giant Allianz shrugged off the impact of US hurricane losses to more than double net profit for the first nine months of the year from €732mn last year to EUR1.8bn, with contributions across the board – including once-ailing Dresdner Bank, which co
  • The double digit reserve releases reported by a number of Bermudian (re)insurer's in 2007 are unlikely to continue, according to a report by ratings agency AM Best.
  • Lloyd’s insurer Novae Group has pulled out of merger discussions with rival Chaucer Holdings.
  • After protracted negotiations, the stakes are being raised in the dispute over the requirement for non-US, or alien reinsurers, to stump up onerous collateral payments for business written in the states.
  • New York insurance authorities have issued a draft request seeking bids from private investors to buy insolvent Midland Insurance Company in order to speed up the distribution of its assets.
  • Market Reform Group rebrands; HCC Insurance Holdings forms Texas Regional Surety Office; AM Best withdraws ratings of White Mountains Re Bermuda; FSA chairman outlines factors for successful European regulation...
  • Regime change continues at Swiss Re with the resignation of chairman Peter Forstmoser just weeks after the troubled reinsurance giant replaced its CEO.