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  • On 7 September Atrium Underwriting released its current trading statement on Syndicates 570 and 609, whose forecasts, it said, remained unchanged for 2002 and "improved" for 2003. It added that trading conditions had remained strong to date in 2004 and th
  • It seems that legislation to bring in an asbestos trust fund to compensate victims and end expensive lawsuits will stay log-jammed in the Senate after insurers refused to compromise on the contributions they would have to make.
  • Whittington Group has completed its exit from US run-off market with the sale of Americas Insurance company (AIC) to Independent Services Group (ISG) for an undisclosed sum.
  • Willis Group shares were trading down heavily after the broking giant reported third quarter profits below analysts’ expectations and said it was reviewing profit targets for 2009 and 2010 because of the financial turmoil.
  • Lloyd's specialty (re)insurer Catlin is increasing the share of business written from international underwriting hubs as London competition hits rates, according to its interim management statement.
  • Allianz continued its strategic stake-building in the UK distribution chain this month, with confirmation that it has acquired a 10 percent minority share of Yorkshire-based broker The Oval Group, as predicted by The Insurance Insider in September.
  • Walking back across the city after a meeting with a firm of consultants I was explaining to a novice colleague why it was that consultants seemed to find such a rich seam of work to mine in the insurance sector.
  • An annus horribilis in the space insurance market tailed off with a second potential satellite loss in December.
  • The catastrophe futures market traded $3.45mn of notional volume during the development of Hurricane Ike, which made US landfall as a Category 2 hurricane on Saturday (13 September).
  • XL Insurance, the global insurance operation of XL Capital has completed the purchase of Global Asset Protection Services (GAPS) from Swiss Re.