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  • The prospect of mandatory disclosure of broker commissions in the UK took a step closer today following a speech by the Financial Services Authority chief executive John Tiner.
  • The risk gap is widening for insurers who are taking less premium for more risk, leading to significant concern about sustaining their profitability levels, according to Aon’s ‘2006 European Property, Liability and D&O Report’.
  • French (re)insurance giant AXA reported strong first half results for 2007 on a comparable basis with 2006, boosted further by the successful integration of Winterthur.
  • Ark starts trading; Leinster misses 1/4 deadline on capital shortfall
  • Superstorm Sandy has added an estimated $20bn-$25bn to the 2012 insured loss tally, taking total losses from natural catastrophes and man-made disasters to around $65bn, according to research from Swiss Re's research arm, Sigma.
  • Fitch Ratings move to downgrade ratings on Security Capital Assurance Ltd (SCA) and its bond and financial guarantee (re)insurance subsidiaries to junk bond status may weigh on affiliated Bermudian (re)insurer XL Capital, according to analysts.
  • PartnerRe has reported a slump in Q4 net profits as investment writedowns combined with catastrophe losses to hit its bottom line
  • Bermudian (re)insurer Aspen has announced it will convert 4.6 million of perpetual preferred stock and issue preference shares in a refinancing operation
  • A survey of London and Lloyd’s CEOs has revealed that the London market may not be ready for increasing regulation under the FSA, the plans for which will be announced tomorrow (24 January, 2004).
  • Zurich Insurance Group is restructuring its catastrophe reinsurance cover as it looks poised to become the latest cedant to bulk up its global cover after narrowing its specific European and US programmes