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  • US insurance giant The Allstate Corporation has revealed $1.4bn in estimated catastrophe losses for the month of April.
  • Reinsurer Hannover Re confirmed last week that it had successfully completed its EUR500mn hybrid capital bond via its subsidiary Hannover Finance (Luxembourg) SA.
  • Shareholders in UK-listed broker Thompson Heath & Bond (THB) approved its sale to US wholesaler AmWins at a special meeting held yesterday (3 January)
  • Bermudian reinsurers XL Capital and Ace have settled their disputed property insurance claim with WTC leaseholder Silverstein Properties Inc. In a release Ace commented, "The settlement is based upon a single occurrence and therefore will comprise payment
  • There were few surprises as Marsh & McLennan Companies, Inc (MMC) released a steady set of third quarter results today (1 November), with consolidated revenues up four percent to $2.9bn on the prior-year period.
  • Lloyd’s syndicates are to be governed by the same rules as UK general insurers according to the latest recommendations published by the Financial Services Authority (FSA).
  • Post 9/11 Bermudian start-ups Endurance and Montpelier Re both announced share repurchase plans last week amid signs that the fast growing sector may be slowing, leaving surplus capital to be carved up among investors wishing to cash in stakes at the top
  • Standard & Poor’s (S&P) announced Thursday (3 June) it had affirmed Swiss reinsurer Converium’s ‘A’ long-term counterparty credit and insurer financial strength ratings after conducting a review. The group’s US operation Converium Holdings (North America)
  • But emerging losses show propensity to bite back... Despite general profitability across the Lloyd's market for the 2002 year, with a slight deterioration of 0.05 percent to a projected 12.79 percent profit at the end of the ninth quarter, individual s
  • XL Insurance, the global insurance operation of XL Capital has completed the purchase of Global Asset Protection Services (GAPS) from Swiss Re.