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  • Omega Insurance Holdings Ltd has bucked the recent trend of profit decreases and losses shown by (re)insurers in the first half of the year after reporting a 34 percent increase in post-tax profits.
  • A further three employees have pleaded guilty to criminal charges in connection with bid-rigging investigations by New York attorney general Eliot Spitzer.
  • Bermuda based (re)insurer Alea Group has published a mid-year trading statement in which it reaffirms its positive outlook for 2004.
  • As Lloyd's opens its new office in Tokyo, its chairman Lord Levene has targeted a twofold increase in the amount of business it writes in Asia.
  • Arch Capital became the latest Bermudian (re)insurer to reveal a surge in net income in 2009 with more-than-threefold growth to $851.1mn despite a decline in premiums written.
  • With writs flying and claims accruing, Cable &Wireless' ill-conceived foray into insurance may cost the telecoms firm and the London market dearly... Fears are growing of another multi-million pound insurance scandal, this time involving UK telecoms co
  • Benfield Group has warned that trading profits are likely to be £10mn lower in 2006 than previously expected because of the loss of senior members of its facultative team to a rival firm.
  • Disgraced financier Allen Stanford must stand trial in January 2011 for 21 criminal charges, after a US judge expedited the case to be heard before summer of that year. But the issue of defence funding is still open.
  • The US Treasury is set for a final exit from American International Group (AIG) after announcing this afternoon that it has launched an underwriting public offering for its remaining 234.2 million shares in the insurance giant.
  • Lloyd’s insurer Wellington has announced its results for the 2002 year-of-account, an updated forecast for the 2003 year-of-account as well as an initial forecast for the 2004 year-of-account.