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  • The market for microinsurance - insurance for low income individuals in the developing world - has the potential to reach as many as 3 billion people and generate premiums of up to $90bn, although it won't happen overnight.
  • 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...
  • Lloyd’s has issued proceedings against Aon over the broker’s refusal to waive the statute of limitations concerning the Central Fund reinsurance dispute.
  • At last, the protracted sale of Lutine Life, the services company owned by five Life syndicates, is complete. St. Paul, owners of the managing agency controlling Life Syndicate 779, is paying £8mn. Each of the five member Syndicates (Chartwell 44, Wren 38
  • Lloyd's insurer Hardy Underwriting Group has revealed that it will stay in London, but that the possibility of moving to a low tax jurisdiction remains firmly in its sights.
  • One of the largest providers of business to independent wholesale London market brokers is poised to launch an EC3 operation called Decus Insurance Brokers Ltd.
  • Single occurrence victory in WTC and strong 1H 2002 performance overshadowed by loss of triple A rating
  • Lloyd's of London will come under pressure from the US government in the first half of 2010 to stop insuring Iranian oil imports, according to an expert on the region.
  • Swiss Re's SFr1.3bn sale this morning (18 January) of a closed block of US life reinsurance business to Berkshire Hathaway (BH) will free up SFr300mn in capital.
  • Bermudian giants ACE Ltd and XL Capital reported analyst-beating first quarter profits last week, but the companies’ performances met with a mixed response from analysts.