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  • Bermudian-headquartered (re)insurer, AXIS Capital Holdings Ltd, reported a 19 percent increase in operating income for the third quarter of 2007, capping eight straight quarters of "record profitability", according to its president and CEO, John Charman.
  • Ratings agency Standard & Poor's (S&P) has warned that if rates in most classes continue at their present level beyond mid-2008, then it may downgrade the outlook for a number of industry sectors.
  • Private equity firm General Atlantic is to sell another 15.23 million shares, or 7 percent of the issued share capital, in London market back office service provider Xchanging plc.
  • Australian (re)insurer QBE has rebranded its European operations which means the loss of the name of its Lloyd's (re)insurance arm, Limit.
  • Guy Carpenter has appointed Nick Frankland as its new head of Europe following the departure of the long-serving Geoff Bromley earlier this year.
  • Although Berkshire Hathaway reported a 64 percent hike in third-quarter net income late Friday (2 November), underwriting profits from its (re)insurance operation nearly halved, falling from $917mn to $486mn.
  • The management of German giant Munich Re is confident that the firm will return record profits for 2007 after posting "excellent results" so far this year.
  • Shares in US insurance giant, American International Group Inc (AIG), continued its rollercoaster ride on the New York Stock Exchange last week, twice plumbing the depths of new 52-week lows as investor unease mounted over the group's sub-prime...
  • Bermudian insurance start-up Ironshore Inc’s American subsidiary has added to its US platform after completing the acquisition of admitted insurer Stockbridge Insurance Company from Folksamerica Reinsurance Company.
  • Stock in US insurance giant, American International Group Inc (AIG) continued its sharp slide in early trading today, losing 4.6 percent and reaching a new 52-week low as investor unease mounted over the group’s sub-prime investment exposures.