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  • Bermudian reinsurer Platinum Underwriters has posted solid 2008 results, which saw it navigate the dual trials of Hurricane Ike and the second half investment meltdown relatively unscathed. However the reinsurer revealed a somewhat blunted appetite for ca
  • Although reinsurance rates have continued to soften, the evidence at mid-year renewals is that the downward trend is not uniform, according to world’s second largest broker Aon.
  • Australian general insurer Suncorp will pass on almost 90 percent of its A$650mn gross loss from the January flooding of Brisbane and Toowoomba to reinsurers
  • Global broker Willis has followed rivals in posting strong first-quarter results with 4 percent organic growth in fees and commissions
  • Lloyd’s listed insurer Amlin last Tuesday (10 January) reported a bullish trading statement despite fears expressed in some quarters over rates at the 1/1 renewals, and said 2005 pre-tax profits are expected to exceed analysts consensus forecasts.
  • Bermudian reinsurer Everest Re saw its shares fall around 4 percent today after the surprise announcement that its retiring CEO Joseph Taranto would delay his departure following the sudden departure of his heir apparent.
  • UK motor insurance rates will have to increase by approximately 20 percent for the sector to return to profitability, according to UK financial services firm AA's recent Insurance Index.
  • Modelling agencies Risk Management Solutions (RMS) and AIR Worldwide have released the latest versions of their California earthquake models.
  • Scottish judge Lord Glennie's comments on the fundamental issue of fairness effectively halted the Scottish Lion solvent scheme of arrangement and could block progress on schemes currently in the pipeline.
  • Poor investment performance sent the profits of US property and casualty (P&C) insurers tumbling by 95 percent during the first half of 2008 compared to the prior-year period, according to a report by Fitch Ratings.