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  • German giant Allianz shrugged off the impact of US hurricane losses to more than double net profit for the first nine months of the year from €732mn last year to EUR1.8bn, with contributions across the board – including once-ailing Dresdner Bank, which co
  • The Port Authority of New York and New Jersey’s claims stemming from 9/11 will be restricted to two buildings a judge has ruled.
  • Arch Bermuda has paid the Tennessee Valley Authority (TVA) a $42mn settlement for a $50mn excess liability policy on one of the largest environmental disasters to hit the US mainland in recent years, according to a TVA spokesman
  • Lloyd’s has settled its £500mn Central Fund dispute with its six reinsurers, following the second phase of its arbitration tribunal, for a total of £152mn. The agreement follows the damaging arbitration decision in the first phase of the tribunal which
  • Underwriters on the New Zealand Earthquake Commission (EQC) reinsurance programme will be limited in their ability to get payback for losses through rate rises because of the three-year rolling renewal of the NZ$2.5bn programme
  • Investor appetite for extreme mortality exposure is about to be tested with a new offering of notes under Swiss Re's long-standing Vita series of transactions.
  • Talanx, Germany's third-biggest insurer, said it expects to absorb a net loss of EUR130mn ($170mn) from a severe hailstorm that struck the country in July
  • Investors approved of Kiln's decision last week to return £60mn of capital to shareholders - part financed by the sale of its 20 percent interest in US insurer WR Berkley's European operation.
  • SCOR’s longstanding chairman and ceo Jacques Blondeau has paid the price for the reinsurer’s miserable results and rating downgrades by resigning from the group. Last month SCOR, the world’s 8th largest reinsurer, issued a profits warning and predicted
  • Spain-headquartered international composite (re)insurer Mapfre reported strong growth in its reinsurance segment and a significant improvement in underwriting performance at its Global Risks division as the group posted otherwise disappointing non-life results for 2013.