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  • In a busy day for (re)insurers’ interim results, Bermudian-headquartered ACE Ltd revealed a strong second quarter yesterday (25 July) with net income (excluding realised gains) climbing 31 percent to $579mn and a combined ratio of 88 percent for its prope
  • Motor insurance costs rose by nearly a third over the past year, the largest annual increase in the past 15 years, according to the latest AA Index.
  • A total of nine cat bonds, with combined value of $1.56bn, are exposed to Japanese earthquakes and risk being triggered by the magnitude 8.9 temblor that struck the North-east of the country today (11 March).
  • Lloyd’s insurer Kiln plc announced on 26 October that Paul Letherbarrow would be assuming the role of active underwriter of Kiln’s Aviation division, Syndicate 510, subject to Lloyd’s approval.
  • Germany's Hannover Re showed its strength across the board, with operating profit up 16.2 percent to EUR179.5mn, net income increasing 11.1 percent to EUR107.7mn and gross written premiums growing 6.2 percent to EUR2.6bn against the first quarter of 2004.
  • Chubb Corp posted a Q3 profit last week, reversing last year’s loss for the same quarter driven by asbestos reserve strengthening.
  • Embattled insurer Royal & Sun Alliance (R&SA) is to withdraw from writing offshore energy business Insider Week can reveal.
  • Oxygen, the independent London-based intermediary, parted company with three members of its international property team last month.
  • 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.
  • Broking group Integro has appointed Frank Kinnett to head its new office in Atlanta. The new office will concentrate on building new business in the southeastern US with Kinnett being joined by Quill Healey as senior advisor.