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  • Lloyd's insurer Amlin plc's announcement of plans to set up a Singapore office is the latest in a series of moves by market participants and the Corporation to directly access business in the Asia Pacific region.
  • German insurer Allianz AG is to break up its Dresdner Bank division in a move that will enable it to divest its underperforming investment banking unit Dresdner Kleinwort.
  • Switzerland got a new reinsurer last week with the launch of Glacier Re, a niche, global specialty reinsurer backed by money from legendary investment guru George Soros.
  • The fast-expanding broking group Integro Ltd has established a London market foothold with the acquisition of Lloyd’s broker Humphreys Haggas Sutton & Co. As predicted by The Insurance Insider in September, Integro has completed the purchase the...
  • Shares in (re)insurance brokers continued to climb last week as investor confidence was boosted by the sector's broadly solid organic growth figures for the third quarter.
  • The US Government Accountability Office (GAO) has said that the financial crisis had only a "minor effect" on policyholders and "limited" consequences for insurers, in a major review into the effects of the crash
  • Commercial insurance underwriting agency APC Underwriting has signed a "unique" contract within Lloyd's, which combines property, combined liability, professional indemnity, directors' & offices' (D&O) and legal expenses.
  • The state of California is looking at the possibility of its pension funds creating a new municipal bond insurer as an alternative to existing players and Berkshire Hathaway’s start-up in the embattled sector.
  • Growth in its life business was the driving force behind a 25 percent rise in profits at Swiss insurance giant, Zurich Financial Services Group (ZFS), it reported today (15 November).
  • 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.