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  • Irish personal lines insurer FBD reported a 12 percent drop in its half-year profit on Monday (26 August), as weaker investment returns offset continued premium growth amid tough economic conditions
  • A wildfire in California's Yosemite National Park that has engulfed 225 square miles of territory looks set to spread northwards, risk modelling firm AIR Worldwide said late on Monday (26 August)
  • Zurich Insurance Group said it is in mourning following the death of its group CFO Pierre Wauthier, whose body was found this morning at his home.
  • Shareholders of Bermuda-based insurer American Safety Insurance (ASI) have approved the sale of the company to the recommended bidder Fairfax Financial Holdings ending a protracted and at times bitter takeover battle.
  • Argo's former excess and surplus lines (E&S) president Lou Levinson is set to re-emerge in the market at International Financial Group (IFG) as president of its wholesale insurance business.
  • Hannover Re has had its A+ financial strength and aa- issuer credit ratings affirmed by AM Best in the build-up to the autumn negotiations for the crucial 1.1 reinsurance renewals.
  • Despite concerns over pricing pressures and the dwindling pot of redundant reserves available for release, the rating outlook on the global reinsurance segment remains stable, according to AM Best.
  • Moody's has put the A3 insurance financial strength ratings of Arrow Reinsurance Company under review for downgrade after taking a similar action on its ultimate parent Goldman Sachs.
  • The huge hailstorm that passed through the Amarillo area of Texas on 28 May has spawned $500mn in insured losses in the region, according to the latest data from Property Claims Services (PCS).
  • John Bykowski, chief executive of US personal and commercial insurer Secura Insurance, is to retire next year.