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  • Berkshire Hathaway has issued an in-depth statement aiming to dispel accusations its insurance subsidiaries have made inappropriate delays and denials of asbestos claims.
  • American International Group (AIG) returned to buying back shares in the third quarter in a further sign of the US insurance giant's rehabilitation.
  • Fairfax Financial fell to a third quarter net loss of $571.7mn as solid performance in its (re)insurance business was unable to offset losses on its investment portfolio.
  • An improved showing from American International Group's (AIG) P&C division helped the US insurance giant generate third quarter operating profits that were just ahead of Wall Street expectations.
  • Greenlight Capital Re reported a 23 percent year-on-year increase in net income to $56.5mn for the third quarter as the company expanded its premium base significantly
  • Shares in Dublin-headquartered (re)insurer XL Group fell 3 percent in early trading in New York as investors reacted to third quarter results that showed a worsening underwriting performance
  • Former Willis executive David Margrett has said that he has set up a broker consolidation vehicle with Towergate founder Peter Cullum and private equity house Penta Capital, confirming an article published by The Insurance Insider two months ago
  • Willis's London-based financial and executive risks division (FINEX) is facing the loss of a team of financial institutions executives to rival broker AJ Gallagher Ltd, The Insurance Insider understands
  • Marine liability insurer UK P&I Club is to hike its prices by 10 percent when shipowners renew their policies next year to keep pace with a rising claims burden.
  • Allstate shares are expected to react positively tomorrow to a modest third quarter earnings beat as the US insurance giant's bottom line benefited from lower cat losses than in the prior-year period.