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  • Last week's move by Swiss Re to sell its US asset management arm Conning & Co to Jeff Greenberg-run private equity firm Aquiline Capital Partners LLC should help increase its capital buffer.
  • Weeks after an Illinois Court gave the green light for a national class action suit to proceed against Aon over alleged hidden commissions, came news that class action giant Millberg Weiss Bershad & Schulman LLP is suing Marsh and Willis for failing to di
  • The extension of the Terrorism Risk Insurance Act (TRIA) for two more years has bought property and casualty insurers time, according to a report from ratings agency Moody’s. The US federal reinsurance backstop to insurers for terrorism...
  • Little good news to report, as rates remain sluggish and losses deepen, reports Bevis Marks March and April are the months when the traditional marine insurance market pauses to take stock of itself. The end of year season for hulls is over; the Clubs
  • With the 2006 Monte Carlo Rendez-Vous offering relatively benign conditions for networking and negotiations after the travails of 2004 and 2005, discourse last week focussed on the underlying issues facing the industry in a two-paced market.
  • Defiant London market contingency underwriters scored a victory last week in the UK High Court against claims by the insurer of Atletico Madrid, a Spanish football club, that it should be compensated for relegation.
  • Maiden Holdings Ltd, the Bermudian domiciled reinsurer that forms part of the AMTrust Group, has produced operating earnings of $58mn in 2008, as it wrote on net written premiums of $727.4mn and produced a full-year combined ratio of 94.9 percent.
  • Closing prices for 2008 US cat windstorm losses leapt nearly six percent yesterday on the derivatives platform Insurance Futures Exchange Services (IFEX) signalling that traders think there is a greater chance of a major windstorm loss next year.
  • Catlin Group experienced a slight fall in nine-month volume at its core London division and growth in its international operations.
  • Allianz is poised to close a $120mn US catastrophe bond under an innovative new structure that is designed to minimise basis risk by drilling down to cover (re)insurers' actual loss exposures in greater detail.