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  • There should be no more sequels to the long running and bitterly acrimonious battle between American International Group (AIG) and its former chairman and CEO Maurice "Hank" Greenberg, after the parties finally buried the hatchet.
  • Willis has cut itself free from a $400mn Sword of Damocles hanging over its balance sheet in the form of a financial obligation to consolidate affiliate Gras Savoye.
  • Tawa plc, the UK quoted run-off consolidator controlled by French billionaire Francois Pinault, has launched Tawa Consulting Ltd, which will take on consulting and advisory operations.
  • Bermudian reinsurer Renaissance Re said last week that it expects to earn between $6.10 and $6.50 per share in 2004, reflecting falling premium growth in property catastrophe business against moderating growth in specialty reinsurance and individual risk.
  • Lloyd’s insurer Kiln has said today (27 June) that it continues to see good trading conditions in 2005, with renewal rating levels at 98.4 percent of the equivalent price a year ago.
  • White Mountains Insurance Group booked an 80 percent slump in net profits from $470mn in 2009 to $87mn last year, despite a relatively strong performance in its reinsurance division.
  • Stabilising economic conditions and effective portfolio management are factors warranting a stable outlook for the European credit insurance industry, says ratings agency Moody’s.
  • Corporation aims to operate at break-even; Markel named and shamed Lloyd’s has revealed the full cost of a first successful year for its Franchise Performance Directorate in its Corporation of Lloyd’s Annual Report 2003, published last Thursday (20 Ma
  • Berkshire Hathaway backed Lloyd's insurer Euclidian is considering an IPO that could value the firm at between £100mn-£150mn. The insurer, which underwrites via its Lloyd's Syndicate 1243 and a personal lines, Gibraltar based subsidiary, has approached
  • SVB Holdings, the Lloyd's insurer battling against its legacy liability exposures, issued a steady trading statement last week but still saw its corporate broker downgrade the company’s full-year earnings forecast.