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  • Loss estimates from the recent earthquakes and typhoon that have hit Japan continue to spread as insurers count the cost.
  • US insurer State Farm Fire & Casualty Co has had the $2.5mn jury award of punitive damages it was ordered to pay to a couple in Mississippi for a Katrina claim reduced to $1mn.
  • Lloyd's insurer Argenta Syndicate Management Ltd has parted company with its lead underwriter John Hyland after six years at the helm of its reinsurance focussed Syndicate 2121.
  • Lloyd’s insurer plans to go public in a £75mn deal to launch UK insurance company Creechurch Underwriting Ltd is poised to become the latest Lloyd’s insurer to go public, as its management puts the finishing touches to a £75mn float currently planned
  • Ratings agency Standard & Poor’s (S&P) decided to leave (re)insurer Alea’s ratings unchanged last week, despite the group’s revelation that deteriorating results on pre-2003 US casualty business and the heavy hurricane losses would add between five and se
  • US insurance giants AIG and The Hartford are both reportedly cutting jobs, as the unpredictable economic situation compounds the heavy disaster loss toll experienced by (re)insurers this year.
  • Employment Practices Liability (EPL) will soon become essential for employers as the rising tide of discrimination laws and compensation awards make employment law the next big area for legal claims. That was the message from Cath Thorpe...
  • Brian O'Hara, president and CEO of Bermudian (re)insurer XL Capital announced last week that he will retire from the post in mid-2008, drawing the current chairman...
  • Bermudian-headquartered run-off company Alea Group Holdings’ outstanding liabilities now stand at around $1.5bn after a series of major commutations, the company announced in its 2007 results.
  • Argo Managing Agency has revised its 2011 syndicate business forecast (SBF) to Lloyd's for its Syndicate 1200