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  • Allied World Assurance Company Holdings Ltd (AWAC) said underwriting discipline helped net income grow by $17mn in the first quarter of 2008, compared to the prior-year period.
  • Lloyd's (re)insurer Advent Underwriting Ltd lost its chief underwriting officer Lloyd Tunnicliffe to rival Kiln last week.
  • Spitzer is also examing the practice of 'tying-in' When Daniel J Popeo, chairman of the US think tank Washington Legal Foundation, complained to Eliot Spitzer about the activities of the global brokers on 10 February, the immediate attention was on so
  • OdysseyRe may be on the brink of losing its cherished A- financial strength rating after Standard & Poor’s (S&P) responded to the announcement by Canadian combine Fairfax Financial Holdings that it has discovered accounting errors which could reduce...
  • AIG's muscular approach to litigation continued with a threat to sue Goldman Sachs over mortgage-related offerings, the investment bank said in its 9 August quarterly filing with the Securities and Exchange Commission.
  • If The Hanover's bid to take over Lloyd's insurer Chaucer plc is successful, shareholders in the UK-listed firm will receive their cheques on or around 15 July.
  • Bermudian reinsurer PXRE announced on 22 December that Robert P Myron has been promoted executive vice president, chief financial officer and treasurer of the group, replacing John Modin. Modin has chosen to pursue other opportunities, with his...
  • Despite recent warnings from some quarters over the wisdom of dabbling in credit derivatives, a report last week indicated a trebling of transactions for another area of risk transfer – weather derivatives.
  • AXIS Capital has launched a property and casualty (P&C) insurer to write on an admitted basis in the US.
  • World’s largest reinsurer Munich Re impressed the markets with analysts’ beating second quarter figures on Friday (6 August). The German-based company reported second quarter earnings of €628mn, up on analysts’ consensus of €528mn, and with earnings fo