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  • Bermudian giants ACE Ltd and XL Capital reported analyst-beating first quarter profits, but the companies’ performance has met with a mixed response from analysts.
  • Troubled Australian insurance group IAG has confirmed it is placing its Singapore-based Lloyd's Syndicate 4455 into run-off and will also close its London-based Lloyd's managing agent Diagonal.
  • Catastrophe risk modelling firm AIR Worldwide Corporation has estimated that insured losses from the earthquake that struck Chile last week will not exceed $80mn.
  • The extent of the insurance industry's exposure to structured football finance was under the spotlight again this month following the publication of Premiership football club Leeds United's full year results. The results, which have been described as t
  • Brit Insurance Holdings plc became the latest London market insurer to report a drop in profits due to the weak US dollar, as it revealed today (5 September) its interim results.
  • Investment losses have pushed net income at CNA Financial Corporation from $1.1bn in 2006 to $851mn last year as a result of credit market conditions and sub-prime exposure.
  • Lloyd’s managing agent Beazley is to continue the market trend for share buybacks after announcing the repurchase of £30mn, representing around 5 percent of the company’s issued share capital.
  • Insurance Australia Group (IAG) has rejected two merger proposals by rival QBE Insurance Group claiming the offer price is "inadequate".
  • The latest North Atlantic hurricane forecast from Colorado State University (CSU) shows an increased likelihood of an active season this year.
  • As the wide spread of the global credit crisis becomes clearer, more insurers are investigating protection against reinsurer default, according to reinsurance broker RK Carvill.