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  • The escalating cost of cover taken out for US financial services sector executives in the wake of the Wall Street crash of 2008 has started to ease, according to Aon Risk Services (ARS).
  • Despite recent negative comments from analysts on the performance of its banking arm, Allianz received a boost from Standard & Poor's (S&P) last week, as the agency upped its outlook on the insurer to positive and affirmed its AA- financial strength...
  • US run-off specialist Citadel Risk Management has acquired "substantially all"of broking group AJ Gallagher's reinsurance run-off portfolio in a move which the Citadel group described as an "opportunity to create a runoff sector for the reinsurance interm
  • Capita has reinsured Syndicate 340 in a Berkshire Hathaway-backed deal
  • Amlin has increased its investment in insurance-linked securities (ILS) funds managed by Leadenhall Capital Partners to $111.9mn in 2010
  • Fierce inter-syndicate competition sees Catlin capture flagship contract from LIMIT Perhaps it was destined to be that the year of its name would see Catlin’s Syndicate 2003 take the helm on Lloyd's biggest and most prestigious marine reinsurance cont
  • German reinsurer Hannover Re became the latest company to release its estimates of losses from Hurricane Katrina today, warning that it was expecting a “loss burden” of €250mn before tax.
  • Jacques Aigrain, CEO of reinsurance giant Swiss Re described insurance linked securitisations (ILS) as a “major revolution in how we perform in the market”...
  • Canopius has agreed to buy the renewal rights to Alea’s North American facilities (re)insurance business, which will now be written through its Syndicate 4444. Under the agreement Alea will get 5 percent of gross written premiums over the next two...
  • Newly founded Zurich-based Perils AG estimates the property insurance market loss for windstorm Klaus at EUR1.55bn.