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  • Monoline bond insurer Ambac Assurance Corporation and subsidiary Ambac Assurance UK Ltd are on the brink of being downgraded after it cancelled its $1bn capital raising plans.
  • White Mountains reported stable adjusted comprehensive income of $117mn for the first quarter as its insurance unit OneBeacon lifted net income by 30 percent to $88mn
  • World’s largest reinsurer Munich Re turned 2003’s €434mn loss – its first loss since WWII – into an impressive €1.8bn profit for 2004 on the back of a strong recovery in its ERGO primary insurance unit.
  • In the eight years of account from 2002 to 2009 the average Lloyd's Name enjoyed a five-fold increase in the total value of their investment, data from the Association of Lloyd's Members (ALM) shows
  • A report into the European run-off market by PricewaterhouseCoopers (PwC) has estimated its size at in excess of EUR204bn of liabilities.
  • UK regulator the Financial Services Authority (FSA) has pledged to review the market’s progress on contract certainty again this month.
  • Shares in Endurance edged upwards last week after it posted higher-than-expected quarterly profits of $139mn.
  • Lloyd's was lauded in some quarters at the beginning of the month; praised for a record return to profit after years of losses, congratulated for its peer beating combined ratio, and bandied about as a unique performer in an otherwise depressed industry.
  • New York Stock Exchange-listed claims management business Crawford & Company saw its net income fall by 48 percent to $6.22bn in the first quarter, as the pace of work on claims from the Deepwater Horizon oil spill slowed
  • On 6 March Independent Insurance Company ceo Michael Bright made the following upbeat statement about Independent's 42 percent fall (from £69.8mn in 1999 to £40.1mn for 2000) in anticipated profits: