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  • Expansive Tokio Marine Holdings has booked a 60 percent increase in second quarter profit to Yen56.41bn, as it looks to expand overseas and enjoys signs of recovery in the Japanese economy
  • Lloyd's takeover target Brit Insurance has ended its search for a group finance director by hiring former Zurich Financial Services (ZFS) senior executive Scott Egan to replace Matthew Scales
  • The Federal Reserve's latest economic stimulus measures threaten to extend low interest rates and put further pressure on property and casualty insurers' profits, stockbroker Collins Stewart has warned.
  • Governor Bobby Jindal has declared a state of emergency for Louisiana as a tropical depression in the Gulf of Mexico that has disrupted BP's oil spill relief efforts threatens to build into a bigger storm.
  • German reinsurance giant Hannover Re said it still expects to achieve its full-year profit forecast of EUR600mn, despite a 28 percent year-on-year drop in first half net income to EUR311mn.
  • Despite dismal underwriting prospects, so far only three Lloyd's syndicates with third-party capital have proposed an actual cut in 2011 capacity during the early stages of business planning for the next underwriting year.
  • Despite its penchant for self-insurance, UK energy company BP purchased a $400mn Side A directors and officers (D&O) policy in the commercial market via broker Marsh Ltd, The Insurance Insider can reveal.
  • Despite its penchant for self-insurance, UK energy company BP purchased a $400mn Side A directors and officers (D&O) policy in the commercial market via broker Marsh Ltd, The Insurance Insider can reveal.
  • UK legacy manager and service provider Randall & Quilter (R&Q) said in a trading statement today (9 August) that it expects profits for the first half of the year to be "materially ahead of market expectations", after reaping higher rewards from the reinsurance to close (RITC) of Syndicate 3330.
  • Rhode Island regulators in a potential landmark decision have given the initial green light to the first accelerated run-off plan in the US.