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  • Up-for-sale Lloyd's insurer Chaucer Holdings – which last week posted a better-than-expected loss for 2008 – is mulling a number of approaches after the deadline it set for formal bids passed last Thursday (12 March).
  • Adrian Fox – the underwriter at the centre of a challenging financial institutions (FI) reinsurance programme renewal for Aspen Insurance Holdings – has resigned from the company, The Insurance Insider revealed today.
  • Max Capital has announced that it intends to further reduce its investment allocation to alternative assets from 14 percent to a 10-12 percent range at the end of 2008.
  • Paris Re posted solid full-year results for 2008, increasing tangible shareholder's equity by 8.3 percent over the year, despite taking a heavy impact from Hurricane Ike.
  • Proposers of the Scottish Lion solvent scheme of arrangement are confident it will be sanctioned at a hearing in early July, as votes are totted up from its 2 March creditors' meeting.
  • Kiln Group chief operating officer Marion Madden has resigned from the Lloyd’s (re)insurer, The Insurance Insider can reveal.
  • Following a number of leaks and counterleaks in recent weeks, AIG has detailed the counterparties that have benefited from the $95.7bn in collateral and other payments made out of bail-out funds since its first government rescue last September.
  • Bermuda-domiciled Lloyd's and international underwriter Omega Insurance Holdings Ltd managed to produce a modest pre-tax profit for 2008, as strong investment returns offset catastrophe-fuelled...
  • Ratings agency Fitch has downgraded the issuer default rating (IDR) of Berkshire Hathaway Inc to AA+ from AAA and its senior unsecured debt ratings from AAA to AA.
  • Up-for-sale Lloyd’s insurer Chaucer Holdings is mulling a number of approaches after the deadline it set for formal bids passed yesterday (12 March).