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  • The Financial Services Authority (FSA) has banned four executives from operating in the market over their "dishonest involvement" in the Sphere Drake managing general agent (MGA) debacle of the late 1990s.
  • Canadian (re)insurance combine Fairfax Financial Holdings (FFH) is to exit the New York Stock Exchange, citing cost and financial streamlining for the decision just a month after it took Odyssey Re into 100 percent ownership.
  • Bermudian Allied World Assurance Holdings (AWAC) announced a fourth quarter net loss of $23.9mn from last year with the company suffering an $83mn hit from Hurricane Wilma. The company’s net loss for 2005 was $159.8mn, down significantly from the...
  • The directors of nationalised UK bank Northern Rock will not be sued by its new owner over the collapse of the mortgage lender earlier this year.
  • Connecticut attorney general Richard Blumenthal has subpoenaed bond insurers as part of a probe into the fallout from the US sub-prime mortgage crisis.
  • Capita hires two senior staff; Axis Global & Health appoints vice president, reinsurance; Ironshore promotes New York regional executive...
  • Matthew Fosh, the chief executive of the recently rebranded UK insurer Novae Group plc, has described his company's updated Lloyd's syndicate forecasts as a "quiet delivery" of the group's objectives.
  • The Insurance Insider and Reynolds Porter Chamberlain invite you to attend a Post-Katrina Technical Briefing, taking place at Balls Brothers, Minster Court, London on Thursday 4 May 2006.
  • AM Best has bolstered its London operations with the hiring of Lloyd’s head of capital and broker relationships, Nick Charteris-Black.
  • Analysts were divided in their reaction to the January renewal season advice that Hannover Re released last Tuesday (7 February) with a EUR11 difference in price targets set on its stock. The German reinsurer summed up this year’s renewal season...