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  • The health insurer has washed its hands of reinsurance, but its exposures to variable annuity death benefits or VADBE's remain a concern
  • Agreement ends years of dispute over John Charman’s reinsurance programme After a month of proceedings in the High court, lawyers from ACE, Aon and Gordian - the run-off company for Australian reinsurer GIO - have entered into a confidential settlement
  • Marsh & McLennan (MMC), the parent company of US insurance broker Marsh, has seen a drastic change in the structure of its business, due in part to the market timing scandal at its fund management subsidiary, Putnam. Further worries for the coming year ar
  • The Catlin insurance group finally announced its intention to take advantage of buoyant investor interest by floating on the London Stock Exchange.
  • The Catlin insurance group finally announced its intention to take advantage of buoyant investor interest by floating on the London Stock Exchange. In a 3 March announcement, the insurer said the offering, expected to be completed by April 2004, will c
  • Italian (re)insurer Generali looks to be well on the road to recovery as it announced EUR1,015mn 2003 net profits last week, compared to a 2002 loss of EUR754mn and ahead of the projected EUR931mn profit under its self-imposed three-year plan.
  • Amlin was the latest Lloyd’s insurer to post bumper profits on the back of the hard market when it announced a combined ratio of 83 percent (against 95 percent in 2002) and a 31 percent increase in gross written premium to £937.4mn for its 2003 year-end r
  • Despite recent warnings from some quarters over the wisdom of dabbling in credit derivatives, a report last week indicated a trebling of transactions for another area of risk transfer – weather derivatives.
  • Recently floated reinsurer Alea Group Holdings Ltd became the latest carrier to trumpet the current strong trading conditions by unveiling a falling combined ratio and growing underwriting profits.
  • CNA, the seventh biggest commercial insurer in the States, reversed its $124mn first quarter 2004 net loss into a $178mn profit this time around, and revealed it would restate results for the last three years after reviewing its relationship with...