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  • UK Prime Minister David Cameron says his government will ensure the police have funds to meet legitimate claims from riot damage and it has extended the deadline to lodge claims with police authorities from 14 days to 42 days.
  • Two of RJ Kiln's syndicates are predicting capacity losses for the 2010 year of account worse than those of the ignominious Lloyd's specialist motor syndicates.
  • Independent wholesale broker Price Forbes increased its pre-tax profits by 19.5 percent to £2.9mn in 2010 in the face of a continuing soft market, the firm's Companies House accounts reveal
  • Net income at Zurich Financial Services (ZFS) strengthened by 86 percent to $1.35bn in the second quarter as its results benefited from a positive $4.5bn year-on-year swing on unit-linked investments
  • Berkshire Hathaway is remaining silent on its plans for Transatlantic Re, amid concerns that large parts of the largest quoted reinsurance company in the US would be put into run-off if Warren Buffett succeeds in his $3.25bn takeover
  • Transatlantic Re president and CEO Bob Orlich has urged the company's clients and brokers to continue to rely on the reinsurer despite it being embroiled in a three-way takeover battle
  • Scor has closed its $912.5mn acquisition of the mortality portfolio of Aegon's life reinsurance subsidiary Transamerica Re after receiving regulatory approval for the deal.
  • Hedge fund-backed reinsurer Greenlight Re has reported a $16mn loss in Q2 as investment losses offset cuts to the forecast payout on the New Zealand and Japan earthquakes in Q1
  • AIG P&C subsidiary Chartis has withdrawn from writing new UK solicitors' PI business, amid claims that the Assigned Risk Pool (ARP) needs a major overhaul.
  • American International Group has filed a lawsuit suing Bank of America Corporation for $10.5bn over residential mortgage-backed securities the lender and its subsidiaries packaged prior to the 2008 financial crisis.