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  • Troubled Irish insurer Quinn Insurance Ltd (QIL) increased its 2009 net loss by EUR200mn to EUR905mn as part of its restructuring before an agreed portfolio transfer with Liberty Mutual, the company revealed last week.
  • Swiss insurer Zurich Financial Services (ZFS) has released its preliminary estimates of losses resulting from the recent flooding in Switzerland, southern Germany and Austria.
  • There is growing evidence that the hard market is at an end, with downward pressures on both pricing and terms according to brokers on both sides of the Atlantic.
  • Despite continuing strong results throughout the Bermudian/US property casualty (p/c) sector, recent pronouncements from insurance stock analysts offer a rather mixed message on investment prospects for the next few years. Morgan Stanley's team of US i
  • Beazley's underwriting team is set to suffer its second senior staff loss of the summer with the forthcoming departure of commercial property underwriter Alastair Blades to join US insurer W R Berkley.
  • Rod Fox, CEO of reinsurance broker Benfield’s US division, has been “granted a leave of absence for personal reasons”, according to a London Stock Exchange announcement last week.
  • Bermudian reinsurers released further loss reports for the US spring storms last week, as industry loss estimates suggest a total of $15bn.
  • ACE Ltd is believed to one of the insurers of the Comair jet plane Flight 5191 which crashed on Sunday (27 August) with the loss of 49 lives, according to market sources.
  • Swiss insurer Zurich Financial Services (ZFS) has released its preliminary estimates of losses resulting from the recent flooding in Switzerland, southern Germany and Austria.
  • XL Insurance has expanded its North America construction team with six new hires