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  • Bermuda's Endurance Specialty Holdings Ltd reported net profits of $135.5mn for the second quarter, more than doubling the $64.1mn it posted in the prior-year period as it continued its drive in specialty business.
  • 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.
  • The scale of the Deepwater Horizon disaster could lead to industry losses of $2bn and beyond once the potential impact of liability claims from the disaster is factored in.
  • XL Re's Latin America subsidiary has received regulatory approval to join the Brazilian reinsurance market as an admitted reinsurer.
  • Australian insurer QBE Insurance Group saw overall profits rise after strong performance from its insurance underwriting division during the first half of 2008.
  • The Insurance Insider 2009 legacy survey has revealed that practitioners in the run-off space expect the global credit crunch to be a significant driver of new business in 2009, with 88.4 percent of respondents agreeing that the global credit crisis...
  • With almost $1bn of cat bond capital issued in May and another $500mn+ in the pipeline, the market is buoyant once again after the slow start to 2008
  • Paris headquartered insurer Axa has reported a modest increase in its 2004 sales, helped by a recovery in American life and savings revenues and premium gains from its P&C business.
  • Rating agency Fitch last week provided an update to its unsolicited Q-IFS ratings for German insurers that sparked controversy ahead of their launch last year.
  • 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.