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  • Clive Washbourn, Beazley Group's head of marine, is to lead the London Marine Market Committee on hull war risk issues.
  • AIM-listed UK broker CBG Group announced a rise of 117 percent in its pre-tax profits for the half-year on 22 August.
  • Wellington Underwriting Inc, the US platform of Lloyd's insurer Wellington Underwriting plc, announced today (29 August) that it is expanding with the launch of a marine reinsurance arm.
  • Two subsidiaries of Canadian combine Fairfax Financial Holdings, Crum & Forster and Odyssey Re Holdings, filed delayed 10-Q results forms with the Securities and Exchange Commission.
  • US mutual insurer FM Global has launched a second $300mn catastrophe bond to protect against earthquake losses in the Pacific Northwest region of North America.
  • Cayman Island-based Greenlight Re received an A- financial strength rating from agency AM Best on 25 August. Best also assigned the "Class of 2005" reinsurer an issuer credit rating of a- and the outlook on the company's ratings is stable.
  • Wellington Underwriting Inc, the US platform of Lloyd’s insurer Wellington Underwriting plc, announced today (29 August) that it is expanding with the launch of a marine reinsurance arm.
  • Reinsurance broker Benfield has opened a branch office in Taipei, Taiwan as it continues to enhance its presence in China.
  • Concord Re, the latest sidecar to roll off the industry’s production line, means almost $4bn of capital has been raised for these non-life reinsurance vehicles in the aftermath of Hurricane Katrina.
  • The blanket ban on contingent commissions or Placement Service Agreements (PSAs) imposed by New York attorney general Eliot Spitzer following his 2004-2005 investigations into the major US brokers have been moderated.