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  • Transatlantic Holdings' biggest shareholder Davis Selected Advisers LP has threatened to oppose the New York reinsurer's merger with Swiss-domiciled Allied World Assurance Holdings and seek other potential suitors.
  • Charles Philipps has warned that Lloyd’s must preserve its security rating, or face disastrous consequences that would spell the end of the market in its current form.
  • Lloyd's insurer Ascot Underwriting is set to open an office in Houston, Texas as it aims to secure locally placed energy business.
  • Japan has raised the Fukushima Dai-Ichi nuclear power plant crisis to the highest level on the International Atomic Energy Agency (IAEA)'s International nuclear and radiological event scale (INES)
  • Electronic trading platform RI3K has launched a new messaging service for the (re)insurance industry.
  • Costs in sterling and revenues in dollars has been the awkward position for many London-based brokers so the deteriorating pound is providing a welcome fillip.
  • Castlepoint Holdings Ltd, the latest insurer hoping to land on Bermuda’s shores, has been told by AM Best that it can expect an A- rating if its advisers raise the $220mn needed to capitalise the start-up. As revealed by The Insurance Insider...
  • UK general insurer Royal & Sun Alliance (R&SA) revealed that its net written premiums for the first nine months of 2007 were up 8 percent to £4.36bn when compared to last year.
  • Platinum Underwriters Holdings became the latest (re)insurer to increase its loss estimates from Hurricane Ike as the brutal impact of September's storm continues to escalate.
  • Lloyd's insurer Beazley reported a 59 percent year-on-year rise in pre-tax profit to $250.8mn for 2010, boosted by a large contribution from reserve releases and a $33.7mn one-off foreign exchange gain.