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  • French reinsurer SCOR has no "material" exposure to the US financial guarantee market and the monoline insurers that have been hit by the global credit crunch, the group revealed.
  • Chaucer Holdings plc will own 100 percent of capacity on Lloyd's Syndicate 4000 after completing a deal to buy out Quanta's interests in Pembroke, the joint venture set up by the companies in 2006 after the Bermudian went into run-off.
  • Swiss Re has issued a $160mn Cat bond that covers Mexican earthquakes – the first time a sovereign country has securitised its natural catastrophe exposures.
  • Lloyd’s insurer SVB continued its upbeat recovery message last Wednesday (24 March) as it reported 2003 pre-tax profits of £17.8mn, or 3.8p a share, up from £10.1mn in 2002.
  • A new wave of fear gripped Wall Street this week, symbolised by the sub-prime related exposures of the monoline credit insurers to a new credit crisis, dubbed "Version 2.0" by industry insiders.
  • Strong underwriting performance boosted overall profits at Australian insurer QBE Insurance Group during the first half of 2008.
  • President of Aon Risk Services (ARS) Ted Devine has stepped down from the firm with immediate effect, The Insurance Insider can reveal.
  • A further sign that rate increases is not a universal panacea for the industry's ills occurred with the announcement that German industrial insurer and reinsurer has been put up for sale by its owners Deutsche Bank and Rolf Gerling. The move followed two
  • Non-life insurance stocks contain some risk, but more reward despite exposure to the sub-prime crisis and the downward pressure on rates, according to Standard & Poor's (S&P) analyst Tony Silverman.
  • <!--[if gte mso 9]--> The former head of Spanish bank Santander's hedge fund investment arm, Optimal Investment Services SA, has been charged with criminal mismanagement of client funds that were placed with US fraudster Bernard Madoff.