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  • Analysts continue to focus on uncertainty surrounding troubled (re)insurer XL Capital, after the company reported fourth quarter results in line with last month’s sub-prime loss fuelled profits warning.
  • Insurance Australia Group's (IAG) share price rocketed last week as the Australian insurer rebuffed a series of merger approaches from rival QBE Insurance with shareholders speculating that the firm is a prime candidate for takeover.
  • Kamp Re 2005, Zurich Financial Services' (ZFS) catastrophe bond, hit by losses from Hurricane Katrina soon after its launch, is due to be tested within the next month, after the bond's administrators finally filed a proof of claim notice on 30 October.
  • 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.
  • Record reserve releases have helped disguise poor 2006 underwriting performance in the UK motor sector, according to analysis by financial services consultant Deloitte & Touche.
  • Within the run-off industry, you do not have to travel far to hear complaints over poor service provided by brokers on discontinued accounts.
  • RSA Insurance Group plc shares have closed the week up at 145p on the London Stock Exchange following fresh speculation over a possible imminent bid.
  • Improved underwriting profit drove a 20 percent increase in third quarter net earnings to $562.4mn for Canadian investment conglomerate Fairfax Financial Holdings, compared to $467.6mn during the same period in 2008.
  • Bermudian reinsurer Aspen Insurance Holdings Limited is to launch a global excess casualty underwriting unit based in Dublin.
  • Florida’s chief financial officer has proposed giving the state’s governor and cabinet the authority to set the reinsurance levels and pricing of the Florida Hurricane Catastrophe Fund’s optional coverages.