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  • Bermudian (re)insurer XL Capital revealed late last night (23 November) that it is set to lose out in a dispute with Credit Suisse over its acquisition of certain Winterthur International insurance operations that could hit fourth quarter results to the t
  • Lord Levene used his ‘Chairman’s View’ lecture to the Insurance Institute of London speech at Lloyd’s today to warn the industry against apathy in the face of the looming contract certainty d-day. Levene said: “Contract Certainty is a good thing, we...
  • The broking industry continues to report an “escalating decline in organic revenue”, according to the latest research from investment bank WFG Capital Advisors LP.
  • French reinsurer SCOR’s “back on track” recovery plan was shunted backwards last week with the early retirement of group deputy chief operating officer Pierre-Denis Champvillard.
  • Bermudian (re)insurer PXRE announced last Wednesday that it has filed a shelf registration statement with the Securities and Exchange Commission, paving the way for its planned offering of up to $150mn of securities.
  • Troubled UK liability insurer The Underwriter has announced that it has gone into "solvent run-off" and, as of last Friday (11 July), will no longer write new business. The decision comes as a result of an FSA review into the company's parlous capital sit
  • Another loss struck year for the troubled space insurance sector was rounded off in farcical fashion with the revelation that a Loral-built SPAINSAT satellite was “dropped” during testing, leading to a potential $95mn claim on the London cargo market.
  • Average syndicate grows to record size as Lloyd’s insurers get bigger. The trend for ever-larger trading units at Lloyd’s has continued with the average syndicate capacity size now £227mn, up from the previous record of £203mn last year. According
  • Helicopter specialist Hardy Underwriting today (29 September) announced a strong set of half-year results including a “remarkable” combined ratio performance of 79.8 percent, compared to 91.2 percent at the same time last year.
  • As long as average CEOs are paid as if they were superior CEOs, the issue of executive overcompensation won't go away. Where CEO pay is out of alignment with long-term corporate results, shareholders will not remain complacent. How, during the past two de