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  • Resurgent UK insurer Royal & Sun Alliance (R&SA) reported steady third quarter earnings with a group combined operating ratio of 93.1 percent and an operating result up 21 percent to £590mn (analysts’ consensus £592mn).
  • A High Court judge dismissed a class-action lawsuit brought by Lloyd’s Names against the UK government for the financial losses that hit them during the 1980s and 1990s on 9 November.
  • The trial of the ‘Independent Three’ former directors of the collapsed UK insurer Independent Insurance, has been set down for 14 May 2007 at Southwark Crown Court, according to the Serious Fraud Office.
  • The legal wrangle surrounding contract wordings for the electronic claims file (ECF) has been resolved as the Market Reform Group (MRG) has reached agreement with key market bodies on the procedural rules which will underpin the use of the Insurers' Marke
  • Expanding Italian (re)insurance giant Generali last week (9 November) reported consensus beating third quarter earnings of EUR538mn that were 23.1 percent up on the prior-year period.
  • Despite a solid set of third quarter results from Converium, and the news last month that it had successfully offloaded its US liabilities in a deal with Berkshire Hathaway, analyst William Hawkins of Keefe, Bruyette & Woods remained cautious over the Swi
  • Hiscox plc’s planned sidecar Panther Re came closer to fruition today (13 November) with rating agency Moody's Investors Service assigning a provisional (P)Baa3 rating to the $72mn senior loans and a provisional (P)Ba2 rating to the $144mn mezzanine loans
  • Scottish Re, the beleaguered Bermudian life reinsurer, lost almost half its value as its shares crashed last week.
  • Eliot Spitzer, whose investigations into the insurance industry continue to reverberate and precipitated Hank Greenberg’s departure from American International Group, has been voted Governor of New York state by a landslide.
  • Bermudian-based energy mutual Oil Casualty Insurance Ltd (OCIL) was stripped of its key A- rating by Standard & Poor’s (S&P) on 6 November.