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  • Shares in UK listed Jardine Lloyd Thompson Group plc (JLT) have again fallen sharply today following the broker’s 2005 results which show a fall in profits and tough trading conditions. At midday, JLT’s shares had fallen almost 12 percent...
  • Australian property and casualty insurer QBE has posted a solid 2008 performance compared with its peers, with after-tax profits of A$1.86bn as investment losses were offset by foreign exchange gains.
  • Tropical storm Halong dropped three feet (91cm) of rain when it made landfall in Japan on Shikoku Island on 10 August, causing the evacuation of half a million people.
  • A former senior executive at the collapsed Stanford bank has been sentenced to three years in prison for obstructing the US Securities and Exchange Commission (SEC)'s investigation into convicted fraudster Allen Stanford's $7bn Ponzi scheme.
  • The final agreement on Solvency II gives teeth to the European Insurance and Occupational Pensions Authority (Eiopa), said EU commissioner Michel Barnier at the supervisor's annual conference on 20 November
  • ACE reports record income Bermudian reinsurance ACE limited announced record net income of $489mn for the first quarter of 2006 despite an $80mn charge to cover its settlement with regulators. Post-tax the charge wiped $66mn from ACE's net income...
  • AIG storms back The world's most valuable insurer AIG posted fourth quarter profits of $2.71bn, or $1.03 per share, with higher general insurance premiums and revenues contributing to the bottom line. Net income for the full year rocketed 68 percent t
  • Specialty insurer WR Berkley yesterday (18 December) announced its board had authorised a replenishment of its share buyback programme back up to a level of 10 million shares.
  • French reinsurer SCOR has revealed that it will be launching its Americas "hub" in New York where it aims to serve North and South America, including Central America, the Caribbean and Mexico.
  • Fitch has lowered its outlook for the German non-life and life insurance to negative from stable reflecting the ratings agency view that there will be more downgrades than upgrades in the next 12 to 18 months in the sector.