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  • Swiss Re’s incoming CEO Jacques Aigrain highlighted the “remarkable fit” between his company and the (re)insurance operations of GE as the companies announced the deal last month.
  • Fourth quarter net and operating profits slipped at Aspen Insurance Holdings as deteriorating losses from the New Zealand earthquake hit its bottom line
  • Analysts have welcomed reports that Russia's largest bank Sberbank is considering buying Allianz unit Dresdner Bank's investment banking business.
  • General Re has agreed to pay $92mn and dissolve a Dublin subsidiary to settle charges brought by the SEC over the part it played in sham finite reinsurance deals with American International Group (AIG) and Prudential Financial.
  • North Carolina's state-backed catastrophe insurance plans, the Joint Underwriting Association and the North Carolina Insurance Underwriting Association, (NCJUA/IUA), have securitised $125mn of catastrophe risk...
  • French reinsurer Scor has built out its presence in the Dutch life reinsurance market with the establishment of an office in the Netherlands through its subsidiary, Scor Global Life.
  • A panel of UK lawmakers will delay publishing a list of insurers and other firms that used rogue private investigators (PIs) to illegally gather information about customers until next month at the earliest, it said on Thursday (12 September)
  • In a u-turn it said was justified by its search for "the most efficient allocation of capital", Hiscox parted company with Bob Forness, the CEO-elect of its Bermuda subsidiary, and shut down the specialist team he headed just months after joining in Septe
  • Rating agencies and other analysts have provided welcome reassurance over (re)insurers' direct exposure to the ongoing sub-prime turmoil.
  • Zurich Financial Services Group (ZFS) has joined a growing chorus of (re)insurers to reveal preliminary hurricane loss estimates, with expected claims payments from hurricanes Gustav and Ike amounting to $600mn before tax.