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  • David Bedford, director of Lloyd's broker ESR Insurance Services Limited (ESR), has been arrested and released on bail without charge in connection with a police investigation into an alleged fraud for millions of pounds.
  • Premium income at maritime insurer Skuld grew 13 percent in the third quarter compared to the prior-year period - largely as a result of its start-up Lloyd's syndicate Skuld 1897, which launched in February.
  • US insurer Markel Corp has agreed to buy Thomco, a privately held programme administrator that will write over $170mn in gross written premiums this year
  • Swiss reinsurer Converium closed the sale of its North American operations to National Indemnity Company last week, leaving the resolution of regulatory investigations the final hurdle to an upgrade from rating agency Standard & Poor's (S&P).
  • Atrium has announced a strong set of interim results and expects to deliver a return to dividend for the full year 2003, forecasting at least 7.5p per share.
  • Bermudian giant XL Capital reported record first quarter income of $405.5mn, or $2.26 per ordinary share, last Tuesday (25 March). The company's combined ratio was 89.6 percent.
  • After a torturous M&A process, Omega finally looks set to be sold to Canopius after over 90 percent of the votes cast on the relevant motion were in favour of the deal.
  • Academics, Non Governmental Organisations (NGOs), policymakers and the plaintiffs’ bar are key to the wave of tort inflation that has engulfed the US and threatens to rise in Europe. These were the views of Joseph Huggard, director of science and policy a
  • US-based brokers Arthur J Gallagher & Co (AJG) and Hilb Rogal & Hobbs (HRH) disappointed analysts with first quarter profits down on expectations last week as the top line suffered from the impact of declining insurance rates.
  • Shares in XL Capital have continued their steady decline as doubts linger over the Bermudian's sub-prime related exposures and its long-term strategy and leadership.