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  • Comprehensive analysis of the sector's share price performance, valuations and M&A data
  • CNA reported operating profits up 33 percent to $152mn for the second quarter of 2012 as an improved underwriting performance offset falling investment income.
  • Australian mega-cedant Suncorp is poised to add around A$300mn-A$400mn to its reinsurance claim for the second Christchurch earthquake, The Insurance Insider can reveal.
  • Brokers have expressed “concern” about being marginalised from a potentially major project to restructure the London market back office and the management of central services shared by companies doing business in the city, this week’s issue of The Insurance Insider reveals later today.  
  • UK insurance board members are not up to speed with preparations for Solvency II, according to a survey by big four accountancy firm KPMG.
  • A UK Court of Appeal decision on an asbestos-related legal dispute that spans the UK and US has highlighted the importance of insurers securing their first choice jurisdiction in disputes.
  • Four years after its US government bailout, American International Group (AIG) still lacks complete and comprehensive regulation by financial authorities, a watchdog report has claimed.
  • Sinochart, a Chinese ship charterer embroiled in a $178mn subrogation dispute with Norwegian marine insurer Gard, has won the right to bring the Japanese sub-charterer Daiichi Chuo Kisen and Chinese joint venture Ocean Line Holdings into the action.
  • Liz Frederick, the global head of insurance-linked securities (ILS) at Kane who was recently appointed managing director (MD) of Kane USA, has left the insurance manager.
  • The AlphaCat sidecars contributed $12.1mn to Validus' second quarter profits while the Bermudian reinsurer took a $5mn quarterly loss from the new PaCRe start-up, according to its strong Q2 results.