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  • Analyst withdraws coverage after accusations of short-selling conspiracy
  • Strong growth at subsidiaries Guy Carpenter, Kroll and Mercer pushed Marsh & McLennan Companies Inc (MMC) to book fourth quarter 2006 revenue growth of 9 percent to $3.1bn, as it reported consolidated net income of $226mn for the period.
  • The first sign of the magnitude of last month’s Florida legislation for reinsurers emerged with Bermudian RenaissanceRe paring back growth targets for 2007 managed property cat reinsurance by 20 percent...
  • The Bermudian (re)insurers that took such a battering in 2005 are celebrating record 2006 results as they cashed in on a benign catastrophe environment and soaring property catastrophe rates.
  • Bank of America's debut Lloyd's syndicate, which specialises in writing long-tail lines, began operating in Lloyd's on 1 February.
  • Fuelled by its acquisition of GE Insurance Solutions (GEIS), Swiss Re reported a 14 percent increase in business at the January renewals, the equivalent of SFr1.3bn.
  • The recent launch explosion involving an SES New Skies Boeing-built satellite on a Sea Launch platform is likely to cost space insurers $256mn, with potential for further claims in the marine market.
  • Two former Endurance Specialty executives are looking to launch a Bermuda-based casualty insurer with up to $1bn in capital, The Insurance Insider can reveal.
  • Legendary investor George Soros is behind a new reinsurer which aims to acquire Lloyd's "open-years" liabilities in a move which indicates the capital markets are taking a closer look at the non-life industry's run-off exposures.
  • Giant Swiss insurer Zurich Financial Services Group (ZFS) has announced Peter Eckert, the group’s chief operating officer, is to retire at the end of the month.