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  • The theft of iconic Edvard Munch’s paintings The Scream and Madonna from Oslo gallery, Norway over the weekend will not lead to an insurance loss because they were not covered.
  • Ratings agency Moody’s says improved underwriting performance, historically cautious reserving practices and relatively low levels of financial debt justify its stable outlook for German non-life insurers.
  • Despite recent action to spoil the appetite of the US plaintiff bar to launch obesity class action suits against the food industry and its insurers (see IQ Winter issue), the increasing prevalence of expanding waistlines is too significant an issue for th
  • Arch Capital announced strong second quarter results, booking net income of $104.3mn, or $1.42 a share, against $61.8mn, or $0.91 a share for the comparable quarter last year. The performance took the total for the year so far to $191.7mn, or $2.69 a s
  • Finding a good franchise performance director will not be easy Lloyd’s search for its Underwriting Tsar steps up a gear with the recent unveiling of its franchise proposals. Containing few surprises, the 56 page consultation document published by the C
  • Fundraising total tops $3.5bn, with further moves imminent Although a fresh wave of (re)insurance start-ups is not expected to wash onto the shores of Bermuda, the island has once again led the way in capital raising, as the industry responds to...
  • Wellington are planning a 50 percent increase in capacity after agreeing terms for quota share reinsurance and a new parallel syndicate.
  • ACE has today (3 October) become the latest (re)insurer to announce capital raising plans in the wake of Hurricanes Katrina and Rita, as the industry responds to plug balance sheet gaps and prepare for the underwriting opportunities ahead.
  • Post 9/11 Bermudian powerhouse Axis Capital saw a 13 percent increase in its fourth quarter net income, according to its latest earnings statement.
  • Accompanying the gloom of the 11 September events was the message from one members’ agent that “the status of Private Capital at Lloyd's has never been better”. On the other hand, Robert Hiscox was not slow to predict the demise of that same capital base