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  • Lloyd’s insurer Markel Syndicate 3000 has had its B+ Above Average syndicate performance rating affirmed by Moody’s.
  • Lancashire has promoted Simon Fascione to chief underwriting officer of its Bermuda operation, Lancashire Insurance Company
  • Restructuring continued apace at American International Group (AIG) last week. Ahead of its sale of Hartford Steam Boiler to Munich Re [see story 1] the troubled insurer announced the completion of the sale of $39.3bn face value...
  • Pre-tax profits at AJ Gallagher's UK arm almost doubled in 2009, as it slashed costs and enjoyed modest revenue growth.
  • Participants anxiously await verdict in mammoth Sphere Drake/SCB “arbitrage” trial "There is no way that I can reach a judgement that will not result in the finding of the gravest dishonesty against someone. But so be it." This chilling phrase was
  • Endurance Specialty joined a steady trickle of reinsurers revealing Thai loss estimates this week as the company said it will take a charge of $76.5mn in its fourth quarter results from the devastating floods.
  • GISC: OFT OK ON F42 The General Insurance Standards Council, the new self-regulating body for UK insurance brokers, received a welcome boost after the Director General of the Office of Fair Trading found that their rules do not infringe the Competition
  • Over the last five loss making years Lloyd’s lost around £6.9bn, yet it generously paid out £7.9bn over the same period in brokerage commissions for the privilege of writing the business. These sobering figures, compiled by The Insider’s analysis of Lloyd
  • Lloyd’s insurer Wellington Underwriting restored its dividend to shareholders last week following a sharp rise in interim profits.
  • Lloyd's insurer Advent Capital (Holdings) plc revealed a welcome return to profit after the devastations of the 2001 underwriting year. The former BF Caudle agency is forecasting a strong profit of 25 percent on the 2002 year of its Syndicate 780, but