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  • Legacy (re)insurer Grafton completed a transfer for UK supermarket firm WM Morrison's captive run-off liabilities understood to be in the "tens of millions".
  • After Davis Select Advisors announced last week that it would reject the merger terms offered by Allied World for Transatlantic, the casualty specialist has made a fresh assault on the proposals of its rivals, dismissing Berkshire Hathaway's bid as an "opportunistic attempt" to acquire Transatlantic at a discount.
  • The insurance business appears quite good these days. Premiums have gone up sharply for several years. Reasonably well-capitalized property-casualty companies have to do something very wrong to achieve poor accident-year results. You'd probably call this
  • ACE performs within expectations ACE reported $371mn of net income for the second quarter, dwarfing the $104mn figure for the same period last year. However, excluding net realised gains (losses), the figure was $286mn against $229mn last year. This
  • Takeover target Chaucer has estimated a £27mn loss from the first-quarter flooding in Australia and the second New Zealand quake, partially offset by £7mn of favourable development on 2010 cat reserves
  • UK insurer Brit Holdings plc announced the creation of an independent underwriting advisory forum as part of a group restructure.
  • American International Group (AIG) has pulled plans to sell Japanese life units AIG Star Life Insurance Co and AIG Edison Life Insurance Co.
  • The US Senate passed a seven-year extension to the Terrorism Risk Insurance Act (TRIA) last Friday (16 November).
  • Trading risk platform Insurance Futures Exchange Services (IFEX) is to facilitate margin trading during the North Atlantic wind season - in a move that may encourage greater activity on the derivative exchange.
  • Disappointing 2002 results but if its disposals go to plan then UK giant should end 2003 far stronger than it began the year In a fortnight that saw relegation from the FTSE 100, a disappointing set of 2002 results and a higher than expected dividend