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  • As delegates headed for tea on day two of the World Insurance Forum in Bermuda, reinsurance buyers briefly turned their heads to the "old chestnut of Lloyd's". Christian Milton, chief reinsurance buyer for giant insurer AIG, confirmed he still uses the
  • Legacy vehicle Tawa plc is buying back up to 10 percent of its stock to enhance its net asset value (NAV) per share.
  • World’s largest broker Marsh has today (31 January 2005) announced an $850mn settlement with Eliot Spitzer to end the New York attorney general’s probe into so-called contingent commissions and bid rigging.
  • Bermudian (re)insurer Validus Holdings reported a first quarter net loss of $118mn, contrasting with income of $94.9mn in the first three months of 2009, after sustaining a $306.9mn hit from the damaging natural catastrophes that punctuated the quarter - the Chilean earthquake, windstorm Xynthia and the Melbourne hailstorm.
  • UK regulator the Financial Services Authority (FSA) has said it regards a healthy run-off sector as an essential part of the insurance market. Speaking at the Association of Run-Off Companies (ARC) Congress on 7 March, Julian Adams, head of...
  • The International Monetary Fund (IMF) is to raise its concerns over the lack of (re)insurance in Ireland in a forthcoming report.
  • Incoming Endurance CEO John Charman will earn more than double the income of his predecessor despite his laudable agreement to take a mere $100 a year in base salary
  • Michael Bright, the former CEO of Independent Insurance, which collapsed in 2001, has told a court how the company was eaten from the inside out by a “black cancer”.
  • US investment firm River Capital has announced the licensing in Barbados of its subsidiary River Reinsurance Ltd.
  • The economic costs of the summer 2007 floods in the UK were approximately £3.2bn and within a possible range of between £2.5-£3.8bn, according to the UK Environment Agency (UKEA).