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  • On recent New Year's days I have had great satisfaction in reflecting on my investment performance during the year just closed. Even my playful portfolio of shares based on the tips of my regular newspaper over the year will have......
  • Bermudian run-off acquisitions firm Enstar Group completed its $341.3mn acquisition of Travelers' UK-based unit Unionamerica Holdings Ltd at the end of December.
  • Broking giant Marsh & McLennan Cos (MMC) has reached a $7mn settlement agreement with nine US states, closing a chapter on four years of investigation into an alleged nationwide bid-rigging scheme.
  • As (re)insurers prepare to unveil fourth quarter and full-year financials in the coming weeks, recent announcements by Advent, IPCRe, PartnerRe and Harbor Point suggest further pain for the industry from deteriorating losses from Hurricane Ike.
  • Lloyd's insurers will now be able to write direct general insurance business on Guernsey after the market received a licence from the offshore jurisdiction's regulator.
  • American International Group (AIG) has taken another step in its asset disposal programme with an agreement to sell its Canadian life insurance unit to BMO Financial Group (BMO) for around $308mn.
  • IBM has won the race for Lloyd's messaging hub contract, fighting off information technology rival ATOS in the final selection process.
  • Leading Lloyd’s (re)insurer Amlin plc has written 30.6 percent more business at the key January renewal as it told the London Stock Exchange that it is seeing the benefit of increasing rates.
  • Lloyd’s (re)insurer Advent is pulling out of wind-exposed Gulf of Mexico offshore energy after revealing its loss estimates from Hurricane Ike net of reinsurance and reinstatement premiums have almost trebled to £42mn before tax.
  • Bermudian (re)insurer IPC Holdings has increased its estimate of claims from hurricanes Gustav and Ike 53 percent by some $47mn to a total estimate of $135mn, fuelling speculation that other Bermudians could also unveil...