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  • German giant Munich Re is on track for 2006 after-tax profits of EUR3.2bn to EUR3.4bn, according to its chairman Nikolaus von Bomhard in an investor conference last week (9 January).
  • The global insurance industry is facing emerging risks, providing unparalleled opportunities for new product development, yet it needs support from the regulatory system in order to operate in a stable environment...
  • 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.
  • Benign catastrophe conditions contributed to US insurer The Hartford Financial Services Group reporting record fourth quarter net income of $783mn, or $2.42 a share, and full year 2006 net income of $2.7bn – a 21 percent increase on 2005.
  • Ever-expansive insurer pays around 1.3x book to capture the up-for-sale mid-tier European reinsurer
  • US giant American International Group (AIG) reported strong first quarter results on the back of a 31.5 percent increase in operating profits at its general insurance business.
  • Former General Reinsurance Corp senior vice president Richard Napier is scheduled to be sentenced on 15 September for his role in a sham finite reinsurance transaction involving the Berkshire Hathaway-owned reinsurer and American International Group (AIG)
  • Charles Manchester, CEO of HCC International Insurance Company plc, and active underwriter of HCC Syndicates 4040 & 4141at Lloyd’s, has left the organisation
  • XL D&O dispute heads for court; ALAS settles with reinsurers The acrimonious dispute between reinsurance broker RK Carvill and its former client XL Professional Liability over its disputed D&O treaties is set for an October 2005 show-down.
  • The insurance industry is not giving QIS5 the respect it deserves and its failure to do so poses a risk to its successful implementation of Solvency II, according to Towers Watson.