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  • Underwriters of financial liability lines are steeling themselves for a possible barrage of claims as the global recession deepens, driving a growing number of institutions to the wall.
  • Warren Buffett rode to the rescue of reinsurance giant Swiss Re for the second time in a little over a year in a move that displayed his unquenchable thirst for distressed opportunities.
  • Dear friend, The internet is a wonderful place, full of strange and diverse characters.
  • Ratings agency AM Best has downgraded the financial strength ratings (FSR) of Tower Hill Preferred Insurance Company - one of Florida's largest writers of residential property insurance.
  • Apart from revealing stellar results this week, Bermudian reinsurer Ariel Re announced it is to open a branch office in Zurich to write global credit and surety reinsurance from the 2010 renewal season.
  • UK insurance services provider Charles Taylor Consulting (CTC) posted a pre-tax profit of £5.6mn for the first six months of the year, compared to £5.2mn in H1 2008, as total revenues climbed to £45.8mn.
  • The International Association of Insurance Supervisors (IAIS) said that despite the problems thrown up in the wake of the Lehman Brothers collapse, the insurance-linked securities (ILS) market is likely to keep developing.
  • Class of 2005 (re)insurer Ariel Re continued the positive theme for international (re)insurers as it unveiled bumper H1 results this week.
  • While rising claims notifications are increasing pressure on rates across Europe and the Middle East and Africa (EMEA), competition between carriers and abundant capacity are still the main downward drivers for rates in most markets, according to Marsh.
  • As the reinsurance industry prepares for its annual pilgrimage to Monte Carlo next month, over 300 executives will gather in London to debate and examine market conditions on the eve of the Reinsurance Rendez-Vous.