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  • US regulator the Securities and Exchange Commission (SEC) is examining the disclosures that investment giant Berkshire Hathaway made about its $27bn purchase of Burlington Northern Santa Fe railroad last year, according to reports citing people familiar with the matter.
  • FSA chief executive John Tiner may turn the regulatory spotlight on finite reinsurance in the UK, it emerged last week.
  • Swiss start-up reinsurer Glacier Re continued its expansion with the appointment of Oliver Wirtzfeld as senior underwriter and Cinzia Muggiasca Ahr as financial controller as of 1 April 2005.
  • Lancashire has promoted Simon Fascione to chief underwriting officer of its Bermuda operation, Lancashire Insurance Company
  • Canopius has become the latest Lloyd's insurer to reveal plans to reduce its capacity limit next year, following recent announcements from Hiscox plc and Kiln plc.
  • Frankel: extradition delayed by court appearance Martin Frankel, the alleged fraudster, who the authorities claim, was responsible for the disappearance of hundreds of millions of dollars from insurers by way of a string of insurance companies controll
  • Flagstone Re has preannounced further creep on loss estimates for cat events in the first half of 2011 that will deliver a hit to its Q4 financials of $50mn to $55mn when it reports later this month.
  • As senior insurance exectives worldwide pledge their commitment to underwriting discipline in the turning market, European insurers have been challenged to continue growing balance sheets over the next few years through sustained profitable growth. In
  • French (re)insurer SCOR posted a third quarter profit aided by a moderate impact from natural catastrophes this year and healthy capital gains of EUR48mn.
  • The efforts of AIG to execute its asset sale received a setback after ratings agency Standard & Poor's downgraded the core operating companies' financial strength ratings of majority-owned reinsurer Transatlantic Holdings from AA- to A+.