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  • Britain's first dedicated Muslim insurance group, Principle Insurance Company Ltd has officially launched offering motor cover and trading as Salaam Halal.
  • Aon Risk Services called on the New York attorney general and Department of Insurance to introduce greater transparency and consent standards for all insurance brokers operating in New York.
  • Allianz is poised to close a $120mn US catastrophe bond under an innovative new structure that is designed to minimise basis risk by drilling down to cover (re)insurers' actual loss exposures in greater detail.
  • Munich Re's second quarter and full-year 2008 profits warning at the end of last week reflecting its weakened investment performance may serve as a bellwether for the (re)insurance industry as its bottom line continues to be hit by capital markets turmoil
  • XL Capital's short-call announcement yesterday that it would report second quarter results after markets close later today comes as speculation grows that the troubled Bermudian is set to reveal details of a strategy to turnaround its fortunes.
  • The 2008 second quarter results - which began in earnest last week - demonstrate that rate softening has now become more "entrenched", according to Morgan Stanley.
  • Two of the founders of Towergate subsidiary Fusion Insurance Services, Kevin Pallett and Geoff Crisp have stepped down from the company.
  • Shares in US giant American International Group Inc (AIG) made a gentle recovery last week buoyed by a Banc of America Securities (BOA) upgrade.
  • Flood damage and business interruption losses are likely to make up the largest proportion of insured losses after the first hurricane of the 2008 season hit the North American mainland.
  • Lloyd's (re)insurer Advent Capital Holdings plc share price fell by over 5 percent in early trading after revealing the extent of the year's heavy catastrophe claims.