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  • Trenwick Managing Agency announced at the beginning of the month that it had stopped writing aviation business "with immediate effect". The firm, which hopes to announce a management buyout from its distressed parent Trenwick International later this mont
  • Merrill Lynch analyst Blair Stewart has reaffirmed his “buy” recommendation on Paris based (re)insurance giant Axa, while also increasing its price objective by 4 percent to EUR25.
  • Insurers hoping for successful subrogation against Boeing in a long-running battle over the defective 702 series satellites have been dealt a blow after an International Chamber of Commerce (ICC) arbitration panel ruled in favour of the aerospace manufacturer.
  • The final report on the Rio-Paris Airbus A330 crash that cost insurers $500mn in 2009 has advocated improved pilot training and cockpit design among its 25 recommendations for preventing a repeat of the disaster.
  • Heath Lambert's proposed sale of its wholesale operations could be endangered by opposition from at least one key executive.
  • Swiss Re, the world's second largest reinsurer, will no longer write Lloyd's international casualty treaty business, The Insurance Insider can reveal.
  • Guy Carpenter chairman Britt Newhouse is relocating to London as the reinsurance broker looks to bolster the management structure of its European operations, The Insurance Insider can reveal.
  • Bermuda based Montpelier Re reported net income of $99.9mn for the final quarter, which helped the reinsurer unveil full year net earnings of $407.1mn for 2003.
  • UK insurer Royal and Sun Alliance (R&SA) has fought back against last week’s downgrade by ratings agency Moody’s, expressing its disappointment that “delivered improvements to date are not more fully taken into account.”
  • US insurer AmTrust reported significant book value growth during the first quarter of 2012, driven by an increased top line and robust underwriting performance.