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  • Despite signs earlier in the year that demand was drying up for the vehicles, a new model of sidecar is emerging, with the recent launch of Mont Gele Re and Emerson Re.
  • Insurance stocks remain volatile as a result of erratic trading on global financial markets, which saw most major indices plummet.
  • “Class of 2005” start-up Flagstone Reinsurance Holdings Ltd unveiled a second sidecar as it reported Q2 profits hit by $31mn losses from the UK floods in June and $23.5mn from the Australian storm and flooding.
  • Lloyd’s investment vehicle Hampden Underwriting plc (HUP) is planning an August float on the London Stock Exchange’s Alternative Investment Market (AIM) in a bid to raise £15mn.
  • Newly-listed Bermudian (re)insurer Validus Holdings’ reported strong inaugural results as a public company yesterday.
  • UK (re)insurer Aviva reported heavy losses of £235mn for the UK floods in June, dwarfing those of UK competitor Royal & Sun Alliance, who reported flood losses of £55mn for the second quarter.
  • French (re)insurance giant AXA reported strong first half results for 2007 on a comparable basis with 2006, boosted further by the successful integration of Winterthur.
  • UK regulator the Financial Services Authority (FSA) has recommended the appointment of policyholder advocates for non-life schemes of arrangement.
  • Despite initially falling 10 percent in early trading, shares in Jardine Lloyd Thompson Group plc have recovered from a low of 362.25 to 408p at time of going to press, as markets responded to credible numbers...
  • Unlike its peers, CNA Financial Corporation shares were hit by disappointing second quarter results that included net investment losses of $91mn, with $20mn attributable to securities "with exposure to subprime mortgage collateral".