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  • In a critical year for UK commercial insurers to demonstrate compliance with the regulatory imposed deadlines on contract certainty, Brit Insurance Holdings plc has stolen a march on its peers by announcing that it has reached 75 percent compliance...
  • Quoted Lloyd's insurer Novae Group plc is set to open a bloodstock account next year following the capture of a Brit Insurance underwriter.
  • 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
  • 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
  • Lloyd’s managing agency Abacus is set to launch a new professional indemnity (PI) syndicate with former PRI underwriter Andy Dore at the helm, Insider Week can reveal. Dore left PRI in mid June after the liability start-up was taken over by Brit.
  • UK regulator the Financial Services Authority (FSA) has begun to accept applications for sidecar-style insurance special purpose vehicles (ISPVs) from today (6 November), following approval of its proposals to make ISPVs more attractive.
  • Catastrophe risk modelling firm AIR Worldwide Corporation has estimated that insured losses from the earthquake that struck Chile last week will not exceed $80mn.
  • Chubb Corp posted a Q3 profit last week, reversing last year’s loss for the same quarter driven by asbestos reserve strengthening.
  • Hardy Underwriting has pressed on with its share buyback programme after the Japanese earthquake and tsunami on 11 March.
  • Embattled insurer Royal & Sun Alliance (R&SA) is to withdraw from writing offshore energy business Insider Week can reveal.