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  • Ratings agency Fitch is the latest commentator to note that rates are falling in most reinsurance classes because of abundant capacity.
  • Aerospace insurance premiums are set to continue their decline in 2010, marking the fourth consecutive year of softening, according to Aon's latest aerospace insurance markets outlook report.
  • For the second quarter in a row, analysts were upbeat on Lancashire Holdings Ltd, despite the Bermudian insurer booking a fall in profits hit by the "unusually large" number of Q2 industry losses.
  • Charles Taylor Consulting plc will pay up to £7.85mn to acquire the struggling London based insurance and run-off services company, Axiom Consulting, it confirmed today (8 May).
  • MMC is facing the prospect of a further, unwelcome regulatory probe as the New York Attorney General Elliot Spitzer examines commission payments charged by insurance intermediaries such as Marsh, the world’s largest insurance broker.
  • If Swiss Re successfully completes its acquisition of GE’s (re)insurance operations next year, it seems likely it will come at a price, after the four leading rating agencies announced they may downgrade the reinsurance giant.
  • The collapse of Miles Smith Miles Smith, with its business specialities of professional liability, construction, professional indemnity and marine hull and machinery, was never a top-flight Lloyd’s broker. Its rather down at heel location just off Old
  • Lloyd’s insurer Kiln plc increased the forecasts on the bulk of its syndicates when it updated the 2004-5 years in a trading statement on 24 November.
  • A further symptom of the impact of the sub-prime crisis has emerged, with the hardening of directors’ and officers’ (D&O) rates for financial institutions, according to new research.
  • Aon Corp is poised to invest in Sharebridge Holdings, the soon-to-be launched vehicle that aims to funnel the vast insurance spend of companies controlled by the private equity industry, The Insurance Insider can reveal.