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  • A significant reduction in the UK's run-off market has driven a EUR2bn decrease across Europe, according to a recent survey.
  • Willis Re is set to unveil a new unit specialising in protection and indemnity (P&I) and marine mutual reinsurance, The Insurance Insider understands.
  • Monoline bond insurer MBIA Inc is suing two insurers over a $75mn settlement it made with US regulators last year.
  • Diversified financial group BB&T has reported strong earnings for the second quarter of 2011, with a 46 percent year-on-year increase in net income.
  • As reinsurers continue to report loss creep in estimates from Q1 earthquakes in Japan and New Zealand, there was a timely reminder last week of just how long the tail from such events can be.
  • London market broker Tyser & Co has been refused leave to appeal a decision that upheld market custom that underwriters are entitled to placing and claims documentation held by broker.
  • Refocused UK general insurer Royal & Sun Alliance (R&SA) reported half year figures slightly ahead of forecasts last Thursday (12 August), and saw its share price rise 5.5 percent as markets and analysts took a more bullish line on the group’s capital pos
  • A report by Guy Carpenter has put the total insured loss from last year’s flooding in central and eastern Europe at EUR1.25bn.
  • As the fall out from New York attorney general Eliot Spitzer’s investigations into insurance industry practices continues, Swiss based Zurich Financial Services (ZFS) admitted last week that a number of its international operations had used complex...
  • Markel International was downgraded by rating agency Fitch after its parent posted a $70mn charge. Fitch Ratings commented, "Markel International's operating performance and capitalization do not support the current ratings." The agency subsequently lower