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  • Jardine Lloyd Thompson Group plc (JLT) has disbanded its Risks Finance business which provided alternative risk transfer products and looks set to part company with the unit head John Lobek, Insider Week can reveal. The move appears to be the latest co
  • Arab Insurance Group (ARIG) reported an 82 percent rise in net profits last year to a record of $48.2mn, up from $26.5mn in 2004. The record profit represents a 19.5 percent return on average shareholders’ equity, with the board of directors...
  • Despite publishing an improved outlook, Moody’s was again on the receiving end of criticism from Hannover Re, last week.
  • Judgment to examine whether excess of loss reinsurers can expect a 'duty of care' from direct insurers The long running Aon77 energy dispute, which has been in court since the end of 2003, is nearing resolution, with legal teams believed to be preparin
  • Lloyd’s insurer Chaucer Holding Plc received a boost last week after revealing that Lloyd’s has approved the proposed merger of Syndicates 587 and 1096 into Syndicate 1084, creating a combine with an anticipated 2004 capacity of £400mn.
  • Premiums for US commercial property insurance have fallen by an average of 10 percent in the past year, according to broker Aon's first US property report for 2004.
  • Unless an 11th hour settlement can be struck through the current mediation, the controversial Aon 77 dispute will proceed to trial in the UK High Court on the 27 October. At time of going to press, the parties exposed to the giant energy claim are continu
  • Despite high profile reserve boosts, rating agency Fitch has warned that massive estimated reserve shortages in the US property casualty industry threaten to drag earnings down and overwhelm some weaker players.
  • In echoes of the dot.com boom, the year’s largest IPO saw China Life shares rocket 27 percent last Wednesday (17 December) as its massively oversubscribed $3bn float hit the New York stock exchange. The stock debuted on the Hong Kong stock exchange a day
  • Property catastrophe specialist IPC Holdings said last week that it is now expecting a loss within a range of $650mn to $750mn due to Katrina and Rita, currently the largest actual loss estimate figure issued by a Bermudian (re)insurer.