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  • Hannover Re’s upbeat assessment of 2004 renewals has encouraged the French bank BNP Paribas to upgrade its outlook on the German reinsurer.
  • Swiss Re and private equity firm CVC are in “advanced talks” to buy a majority stake in Royal Bank of Scotland’s up-for-sale insurance operations, according to reports.
  • 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
  • Veteran London market figure Graham White and Ewen Gilmour, the chief executive of Chaucer Syndicates Ltd, have won the election to become members of the Council of Lloyd’s.
  • Cats are up and it's official; 1999 was the second-worse year for insurance losses. In its 30th year of publication by Swiss Re, the latest Sigma report on major losses in 1999 paints a woeful picture of devastating natural catastrophes and expensive...
  • Jardine Lloyd Thompson Group plc is close to securing its rival Heath Lambert Group plc in a £130mn deal which promises to create a dominant UK regional player, The Insurance Insider can reveal.
  • French (re)insurer SCOR has agreed to buy German life reinsurer Revios in a $775mn transaction.
  • The spectre of asbestos has returned to haunt reinsurance giant Munich Re as it revealed in its full annual report this morning (20 March) a $600mn strengthening of loss reserves for related claims.
  • American International Group (AIG) is to restate its financials for the second time this year after finding an additional £500mn of income through accounting errors.
  • Broking giant Aon Corp came in below analyst estimates last Thursday (2 November) with its third quarter results but five percent growth in its core broking business will be better received by shareholders. The Chicago-headquartered firm reported...