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  • Despite boosting asbestos reserves by £167mn, Lloyd’s pre-1993 run-off vehicle Equitas heralded a year of progress which has left it in a stronger financial condition as it announced its financial results for the year ended 31 March 2005 today (7 June).
  • Caribbean firm Sagicor Financial Corporation - which acquired Lloyd's insurer Gerling at Lloyd's and its Syndicate 1206 earlier this year - has announced a profit of Bd$136.7mn for the first nine months of the year...
  • Lloyd's insurer GoshawK laid out its pitch as a successful ongoing business in its latest set of interims with post-tax Group profits of $10.0mn or earnings per share of 5.8 cents against a $50.9mn or 29.1 cents per share loss in the same period a year ea
  • Australian insurer QBE announced last Wednesday (17 August) a record profit of A$491mn (£207mn) for the first half of 2005.
  • US politicians brought some relief to the (re)insurance industry on Friday (18 November) with the news that the US Senate had approved a bill to extend the Terrorism Risk Insurance Act (TRIA) for a further two years until the end of 2007.
  • Illinois' Lisa Madigan became the third state attorney-general to increase the pressure on industry giant Liberty Mutual Inc when it filed a lawsuit against the firm alleging unlawful behaviour in relation to undisclosed contingent commissions...
  • Outsiders led by Dr Ward head short-list. As the short-list of candidates to become the next Lloyd’s chief executive undertake their final presentations, it is likely the three hundred-year-old Society will be in a position to announce...
  • World Trade Center developer Larry Silverstein, who already successfully claimed $4.55bn from (re)insurers following the 11 September attacks, is seeking a further $12.3bn in damages from airlines and airport security companies.
  • After last year's SFr1.2bn write down of credit swaps, analysts have speculated that Swiss Re could face further losses from sub-prime and credit market exposure ahead of the group’s results due out this Friday.
  • HCC Insurance Holdings, Inc has become the latest (re)insurer to be frustrated by the post-US sub-prime crisis credit crunch as it axed a $300mn debt issue on Friday (21 September).