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  • HCC Insurance Holdings has recruited two high profile executives from rival firms and launched casualty and excess casualty divisions based in Chicago and the West Coast.
  • The size of the UK-non life legacy market declined almost 10 percent during 2010 as favourable prior-year development and the active management of portfolios reduced run-off insurance liabilities, according to analysis by professional services firm KPMG.
  • The spate of litigation in relation to the Washington Metro train crash in June 2009 that killed nine people and seriously injured a number of others has continued apace, with the Washington Metropolitan Area Transit Authority (WMATA) now seeking more than $13mn from Lexington.
  • Pre-tax profits at Arthur J Gallagher (UK) Limited fell by a quarter in 2010 as one-off costs associated with acquiring financial lines specialist FirstCity weighed on its results
  • What a lot of questions and worries we have today, so many more than in the past. Take investments. Historically, returns from the asset side of the balance sheet have contributed a meaningful percentage of the insurance industry's overall profitability.
  • When we gathered some of the industry's leading lights in this great coastal retreat last year, we heard tales of how hefty H1 nat cat and man made losses might hasten the end of the latter stages of the late-soft market cycle
  • In the face of market criticism, Lloyd's performance management director Tom Bolt appears to have struck a compromise over controversial proposals regarding offshore energy liability underwriting.
  • Private equity-controlled Brit Insurance has opened a new office in Richmond, Virginia which will be staffed by a team hired from HCC writing first dollar package business.
  • A request by the UK Financial Services Authority (FSA) for a political debate on its ability to pursue consumer redress for regulatory breaches by financial services firms has drawn criticism from City law firm Reynolds Porter Chamberlain (RPC).
  • A provisional 53 law firms have entered the Assigned Risk Pool (ARP) after failing to find solicitors' PI cover in the open market, the Solicitors Regulation Authority (SRA) has confirmed.