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  • The acquisition of Lloyd's insurer Talbot has boosted Bermudian Validus' full year 2007 net income by around 120 percent year-on-year.
  • US insurer CV Starr & Co has announced a tie-up with Allied World Assurance Company (AWAC) enabling it to offer management liability lines on behalf of the Bermudian firm.
  • Veteran class action lawyer Bill Lerach, who represented Enron investors and other shareholders suing large corporations, has been sentenced to two years in jail for making improper payments to clients in a kickback scheme.
  • US retail broker Brown & Brown, Inc has announced an increase in its 2007 revenues in its results last week.
  • Profits at Arab Insurance Group (Arig) were down last year after the company took a $9.2mn hit from Cyclone Gonu.
  • Lancashire Holdings Ltd has only traded for two years and, with its focus on specialty short-tail lines, couldn't be better timed. The lack of US natural catastrophes, energy or terrorism losses has enabled the "Class of 2005" Bermudian start-up to post a
  • Bermudian (re)insurer Max Capital Group Ltd has posted net income of $303.2mn, or $4.75 per fully diluted share, for the 2007 financial year - a 40 percent increase on 2006 boosted by strong growth in life and annuity premiums.
  • Excess capital is limiting growth opportunities in the reinsurance sector according to Jim Bryce, president and CEO of Bermudian reinsurer IPC Holdings.
  • French reinsurer SCOR said 1/1 renewals confirmed the successful integration of last year’s acquisition of Converium, with a high retention rate and access to new business.
  • The jury has retired to consider its verdict in the trial of Gen Re and American International Group (AIG) executives over an allegedly sham finite reinsurance contract.