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  • Resolute Management Ltd, Berkshire Hathaway’s operation for managing its discontinued London market lines, will now be led by Steve Michael, The Insurance Insider can reveal.
  • Global broker Marsh has taken a $33mn charge in its Q3 2008 results after losing a legal dispute emanating from a political risk placement it made on behalf of US west coast energy group, Sempra to cover 1990s investments in Argentina.
  • ILS issuance has been stalled by the credit crisis but further activity predicted; 2008 tally will be lower...
  • The alternative investment approach taken by Prem Watsa at the helm of Fairfax has helped the Canadian combine navigate a safe passage through the troubled waters of the financial markets.
  • Despite a moderate rally in its share price, the Hartford Financial Services Group has endured a miserable few weeks in which it reported a $2.6bn Q3 loss, a cut in earnings forecasts and an earnings call that left...
  • The New York insurance authorities are again considering selling the insolvent Midland Insurance Company in a bid to improve the returns available to policyholders.
  • Christopher Droney, the federal judge who oversaw the trial of five former General Re and American International Group (AIG) executives, has ruled that their conspiracy led to huge losses for investors.
  • FSA green light for Leadenhall; Aon Benfield unit takes shape; Cat futures leap
  • Hannover Re is currently marketing the renewal of two sidecars, raising the question whether the quota share vehicle will regain popularity with (re)insurers if catastrophe rates continue to harden into 2009.
  • Although investment losses combined with hurricanes led to widespread net losses reported for the third quarter – especially among Bermudians – the majority are still on course to deliver full-year profits...