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  • Stephen Way, the Englishman who built HCC Insurance Holdings into a $3.4bn international insurance company, is raising $500-600mn to form a dedicated private equity and consulting firm specialising in the insurance and financial services sector...
  • QBE Limit and Amalfi Underwriting Ltd, together with Markel International, are set to take broker Surety Guarantee Consultants Ltd (SGC) to the High Court alleging fraud in connection with construction bonds it issued as a coverholder.
  • Reinsurers begin to wind down vehicles after Florida
  • Shares in Benfield Group fell over 10 percent this morning (8 March) after the company announced a below forecast 2006 result and a worse than expected loss in its fledgling Corporate Risks division.
  • UK insurer Brit Insurance Holdings almost trebled its profits last year as it came in ahead of forecasts.
  • Hannover Re has returned to the capital markets with an innovative transaction it says completes its programme of natural catastrophe protection and gives it “unprecedented independence” from the traditional retro market.
  • Despite delivering a doubling of net profits to SFr4.6bn and an unexpected announcement on capital repatriation, Swiss Re’s full-year financials were met with a cautious response by analysts.
  • Benfield Group should post strong 2006 earnings but shareholders will be seeking reassurance in three areas, according to analyst William Hawkins of Keefe, Bruyette & Woods (KBW).
  • The competitive trading conditions for insurance broking overshadowed Jardine Lloyd Thompson Group plc's (JLT) 2006 results this morning (5 March) where the theme of declining rates and the weak dollar was paramount.
  • The rise in German run-off liabilities and the changing attitude to the sector will eventually see the creation of a chief liability officer at (re)insurers, according to Arndt Gossmann, director in KPMG's Advisory practice in Germany.