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  • WTC leaseholder Silverstein Properties and world’s largest reinsurer Swiss Re have been in court in recent weeks to decide whether the 9/11 attacks amounted to one event or two.
  • Warren Buffett is backing a newly created company Capital Insurance Holdings to become a dominant force in the quoted Lloyd's sector... The Lloyd's insurance sector faces an unprecedented bout of consolidation fever, if Berkshire Hathaway's strategy to
  • Beazley has changed its regulatory capital currency to match its underwriting exposures, increasing the dollar proportion by $487mn.
  • Looking for a winner amidst the torrid times? Step forward the shy and retiring figure of Prem Watsa, founding chairman of Canadian combine Fairfax Financial Holdings Ltd.
  • American International Group Inc (AIG) drew down $28bn from the $85bn US government bail-out loan facility before it announced it had signed the agreement last week.
  • The legislative gridlock that left US homeowners unable to buy or renew flood cover has been lifted after lawmakers approved a temporary reauthorisation of the National Flood Insurance Program (NFIP) to 30 September.
  • Lloyd's brokers and underwriters will once again be allowed to invest and own each other if proposals to amend the Act governing the market are ratified later this year.
  • Bermudian firms PartnerRe and RenaissanceRe have announced combined writedowns of more than $200mn from their stakes in financial guarantee reinsurer Channel Re.
  • David Schiff looks at financial strength... Insurance stocks are not as richly priced as they were in 1998, when investors and insurance-company CEOs alike seemed to believe that an insurance-company charter guaranteed a fifteen-percent return on equit
  • And makes public data secret, suggests David Schiff... New York's insurance law requires insurance companies doing business in the state to file with their annual statement a supplement (Schedule G) that lists the names, titles, and compensation of emp