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  • Leading industry figure John Charman has cited his high profile divorce as the reason for his decision to step down from the company he founded, AXIS Capital Holdings Ltd. Bermudian (re)insurer AXIS has confirmed that the former...
  • Hardy Underwriting, currently being sold to CNA, cut its top line by 21.5 percent in the first quarter as it pulled back on catastrophe risk and exited other lines of business
  • An 11-strong group of reinsurers containing eight of the top ten global reinsurance groups and Lloyd's of London has used the Rendez-Vous to launch a worldwide body to represent the industry with a unified voice.
  • Sphere Drake’s 8 July victory in the UK High Court over exposures to workers’ compensation carve-out reinsurance has forced the Lloyd’s broker Stirling Cooke Brown Insurance Brokers Ltd into administration.
  • Shares in UK quoted GoshawK have collapsed almost 40 percent today to 5.75p as the company is no longer able to get access to funds in its Bermudian reinsurance arm Rosemont Re – which became the first industry casualty of this year’s storms when it...
  • Amlin plc has confirmed that it is in discussions with fellow Lloyd's insurer Chaucer plc about a possible takeover.
  • 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.
  • The judge in the trial of five executives charged with transacting an allegedly sham finite reinsurance contract between General Re and American International Group (AIG) rejected the defence's motion for a mistrial last week.
  • Pre-tax profits at AJ Gallagher's UK arm almost doubled in 2009, as it slashed costs and enjoyed modest revenue growth.
  • US giant American International Group (AIG) reported a rise in its 2007 net income and announced an $8bn share buyback scheme.