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  • The expansion into Continental Europe by Lloyd’s insurer Liberty Syndicates was boosted last week with the launch of a service company which will help it target new reinsurance business.
  • GLOBAL Reinsurance Co - the former reinsurance arm of Germany's Gerling Group which went into run-off in 2002 - is applying to the UK courts for approval for a scheme of arrangement in the UK.
  • 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)
  • The withdrawal of capacity, a plethora of reinsurance disputes and departing corporate capital has left a vast number of open syndicates. Laptop analyses what went wrong The proposed Lloyd’s franchise reforms are partly justified as a way of preventing
  • Bermudian Maiden Holdings delivered a solid set of underlying results for the second quarter with net operating profits of $11.2mn, despite taking $9.5mn of losses from the record US thunderstorm and tornado activity in the period.
  • US regulators’ investigations into broker commission kickbacks has widened with news that the Connecticut Attorney-General Richard Blumenthal has launched a parallel investigation alongside that of the campaigning New York A-G Eliot Spitzer.
  • Brit has confirmed that John Barton, non-executive chairman of Brit Insurance, has resigned with immediate effect
  • The London market has exceeded its latest target laid-down in conjunction with UK regulator, the Financial Services Authority (FSA), to ensure contract certainty of policies agreed in December. According to the Market Reform Group (MRG) – the industry
  • The new Bermudian reinsurer Aeolus Ltd has doubled its capital to more than $1bn following a second fund raising. The reinsurer – which was formed in July 2006 by the former Arch Capital chief executive Arch Capital and the ex RenaissanceRe President..
  • Swiss-domiciled reinsurer Paris Re Holdings Ltd posted improving results for the first half of 2008, with net income up by around a third to $150.6mn despite taking a $14.2mn hit from Windstorm Emma.