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  • Royal & SunAlliance (R&SA) has continued the disposal of its legacy business with the sale of two run-off portfolios in its Scandinavian subsidiary Codan to Wasa Run-Off.
  • Reinsurance broker Benfield Group predicted better than expected revenues for 2006 on the back of rising reinsurance rates in 2006 and 2007. In a 12 January trading statement, the broker said that it now expected 2006 turnover to grow...
  • Listed Lloyd's (re)insurer Novae has entered due diligence with its peer Omega with a view to a possible merger, The Insurance Insider can reveal
  • The High Court has sanctioned the first transfer of business out of a Lloyd's syndicate since the formation of Equitas ten years ago, opening the prospect of a new method to obtain finality for non-trading syndicates.
  • Proposals set to include differential charging of Central Fund in bid to reduce cost burden on members. Lloyd's is set to publish a radical blueprint for change later this month which will raise the prospect of a fundamental overhaul of the...
  • Helicopter specialist Hardy Underwriting unveiled strong 2003 results last Wednesday (25 March), more than doubling pre-tax profits from £6.66mn to £14.35mn in the process.
  • CCLA Investment Management, a specialist fund manager for UK charities, local authorities and the Church of England, has invested £20.58mn in the London-listed Catco Reinsurance Opportunities Fund
  • Canadian energy company Suncor Energy Inc announced yesterday (25 April) it has agreed an $830mn settlement with insurers over business interruption (BI) claims arising from a major fire at its Oilsands facilities in northern Alberta last January.
  • Paris Re Holdings has become the latest reinsurer to launch a sidecar-style vehicle with the establishment of Triomphe Re, a $185mn Bermuda domiciled Class 3 reinsurer last month.
  • Shares in Lloyd's (re)insurer Advent Capital leapt last week after the company effectively rejected a formal takeover approach from its largest shareholder, Fairfax Financial Holdings.