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  • World number two reinsurer Swiss Re announced profits up from SFr1.7bn to SFr2.5bn last Thursday (17 March), as it committed to earnings growth through the insurance cycle, targeting 10 percent a year increases in earnings per share.
  • Lloyd’s insurer Hiscox plc has acquired the UK event cancellation provider Insurex Expo-Sure from Alexander Forbes.
  • Lloyd’s insurers writing US business face the challenge of finding additional capital in the New Year to support 2009 underwriting as a result of the dramatic swing in the $/£ exchange rate – even in the absence of expected hardening of rates.
  • Bermudian White Mountains' specialist run-off acquisition arm has agreed a deal to buy a third American International Group (AIG) unit in the space of six months as it continues to make its presence felt in the legacy sector
  • After last year’s record catastrophe insured losses of more than $100bn, the benign conditions of 2005 look like costing the (re)insurance industry just $15bn in losses from natural and man-made catastrophes, according to preliminary figures from Swiss Re
  • The London market has missed its 60 percent third quarter target for usage of electronic claims files (ECF) by 15 percentage points, making the year-end target of 100 percent "more challenging", said the Market Reform Group (MRG) in a statement last week.
  • Bermudian White Mountains' specialist run-off acquisition arm has agreed a deal to buy a third American International Group (AIG) unit in the space of six months as it continues to make its presence felt in the legacy sector.
  • New York attorney general Eliot Spitzer said last Friday (12 November) that he expects the federal government to supercede states in the regulation of insurance companies, as he dismissed the current system as a failure.
  • Global brokers continuing to toil in competitive post-Spitzer landscape MMC chief executive Michael Cherkasky pointed to the green shoots of recovery in his company’s first quarter results, but it was also apparent that the global brokers are still...
  • Drilling contractor Transocean is set for fraught discussions with lawyers and its liability insurance underwriters after agreeing with US authorities to pay a $1.4bn fine for its role in the 2010 Deepwater Horizon disaster.