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  • In contrast to barnstorming Q1 results for US and Bermudian (re)insurers, European carriers enjoy a mixed first quarter with some showing a more subdued uplift from hard market conditions.
  • Casualty insurance premiums, particularly those for D&O, employers’ and product liability and medical malpractice, are likely to remain firm or even rise in 2004, according to the latest report from broking group Jardine Lloyd Thompson.
  • A number of Bermudian (re)insurers provided evidence of the impact of unprecedented Q1 large risk losses on profits for the period.
  • Warren Buffett's Berkshire Hathaway may sue former executive David Sokol to recover any damages suffered by his acrimonious departure in March.
  • Italian (re)insurer Generali looks to be well on the road to recovery as it announced EUR1,015mn 2003 net profits last week, compared to a 2002 loss of EUR754mn and ahead of the projected EUR931mn profit under its self-imposed three-year plan.
  • The embittered Jaffray Names vow (again) to continue their fight against Lloyd’s and ‘The Establishment’ and have set their sights to Europe for salvation, according to Marcus Scriven. A line has been drawn in the sand. It's the end of a chapter - a m
  • The drive for Lloyd's insurers to control and own the capital supporting their syndicates continued last week with a series of offers by managing agents to buy the capacity rights from Lloyd's Names.
  • Captive insurers can give companies long-term control over risk and protect companies from the vagaries of market cycles according to speakers at the industry’s first The Captives Conference. The conference was held in London on 23 November and...
  • The New York Federal Reserve Bank has settled with Bank of America (BoA) over a dispute involving toxic residential mortgage-backed securities (RMBS).
  • Marsh & McLennan (MMC) is holding to its commitment to return funds to shareholders when it announced on 24 August that it would buy $800mn of its shares from a "financial institution".