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  • Larry Silverstein, the World Trade Center leaseholder, has complained that New York City officials are undermining his position as he campaigns for a $7bn settlement from his insurers.
  • New York based Tower Group Inc revealed on 6 July that it will write down $5.4mn on its balance sheet after commuting its outstanding liabilities with the near-defunct Bermudian reinsurer, PXRE Group.
  • It may have been another benign year for US hurricanes, but IPCRe's international book means it has inevitably taken a number of hefty non-US catastrophe losses, not least from the UK summer floods.
  • Lloyd’s insurer Wellington Underwriting plc has completed its search to replace retiring chief executive Julian Avery by continuing the trend of London market companies appointing investment bankers.
  • Ratings agency Standard & Poor’s (S&P) has upgraded French insurer Groupama’s financial strength rating to A+ with stable outlook in response to the group’s increased operating performance, strong brand and its “readiness” to launch an initial public offe
  • Munich Re executives met with London based analysts and fund managers earlier this month as the reinsurer sought to reassure the City in the light of its shock downgrade by rating agency Standard & Poor's. In August, Munich Re suffered the humiliatio
  • Chinese insurer PICC Property & Casualty Company aims to raise HK$6.14bn ($787mn) from a rights issue which is being supported by cornerstone shareholder American International Group (AIG).
  • Hurricane hit Lloyd's (re)insurer Advent confirmed on Friday (6 January) the completion of its £30mn share issue and the appointment of a new non-executive director following approval by shareholders at an extraordinary general meeting.
  • Fancy buying over $20 for $5? Then perhaps all you need do is instruct your broker to buy XL Capital. The embattled insurer was forced to reassure shareholders on Friday (10 October) that its third quarter book value would be $21-$22.50 after its stock tu
  • One of the UK’s oldest banks, NM Rothschild & Sons, is planning a new Lloyd’s investment vehicle with Sax Riley, the Society’s retiring chairman, and the Lloyd’s Members Agency Sedgwick Oakwood Capital Ltd.