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  • Lancashire Re became the second Bermudian start-up to reveal its 2006 trading performance when it estimated writing $165mn in gross premiums by 1 March. “We feel we have got off to a very good start. What we’re seeing is a very patchy market, but we...
  • Bermuda’s Progressive Labour Party (PLP) has emerged victorious in the island nation’s general election.
  • Atrium Underwriting today (5 December) reported its latest forecasts for 2003 and 2004 years of account on syndicates 570 and 609 and updated its hurricane losses for this year. The account year forecasts for managed syndicates are materially...
  • The scale of the damage caused to the Lloyd's Central Fund by the failure of GoshawK's Syndicate 102 is becoming apparent with the Society paying £76mn last year to cover claims arising from the defunct insurer.
  • Bermudian sidecar-style reinsurer Castlepoint Holdings Ltd continued to grow both its top and bottom line in the first quarter.
  • Insurance claims from Cyclone Larry, which struck north-eastern Australia on 20 March, reached AUS$90mn last week with 4,000 claims already made, according to the Insurance Disaster Response Organisation (IDRO).
  • Despite the depredations of the 2004 and 2005 hurricane seasons, the US property/casualty sector appears to be in rude health – at least for the time being, if the latest industry report from ratings agency AM Best is to be believed. In its report...
  • Ratings agency AM Best has downgraded its financial strength rating of Lehman Re Limited, investment bank Lehman Brothers’ reinsurance subsidiary, three notches to B (Fair) from A- (Excellent).
  • An annus horribilis in the space insurance market tailed off with a second potential satellite loss in December.
  • UK regulator the Financial Services Authority (FSA) last week fined London-based HSBC Insurance Brokers £700,000 for not having adequate systems and controls in place to protect its customers' confidential details.