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  • Despite boosting asbestos reserves by £167mn, Lloyd's pre-1993 run-off vehicle Equitas heralded a year of progress which has left it in a stronger financial condition as it announced its financial results for the year ended 31 March 2005 early this month.
  • Lloyd’s insurer Chaucer Syndicates Limited announced on 15 December 2005 the appointment of two new directors, and an active underwriter. The agency’s third party syndicate management activities will now be led by Janet Helson, who joined Chaucer...
  • UK-based specialist insurance investment boutique Ruxley Ventures has received the go-ahead from the Canadian regulator to transfer a legacy book to German run-off acquirer Global Re.
  • Further embarrassment for film impresario Kent Walwin as Canadian company Blackwatch is raided by Mounties and files for bankruptcy The extraordinary saga of insurance backed film financing took a further twist with the news that Canadian film financi
  • The Salvage Arbitration branch of Lloyd’s Agency Department has appointed John Reeder QC as its appeal arbitrator.
  • US insurance giant Travelers has been ordered by a judge to pay $445mn to settle an asbestos claim with a trail of litigation leading back as far as 1986.
  • Sovereign Risk Insurance Ltd, the political risk insurer set up as a joint venture between Bermudian giants ACE Ltd and XL Capital Ltd, revealed net written premiums of $48.6mn (GWP $60.5mn) for the year ending 30 June 2003.
  • Willis North America chairman and CEO Don Bailey has resigned and will join personal lines giant Allstate, The Insurance Insider can reveal.
  • The UK's Financial Services Authority (FSA) banned and fined Surety Guarantee Consultants director Barry Williams for his part in a scheme that defrauded Markel International and QBE (Europe) of more than £2mn in 2005
  • Bermudian-headquartred short-tail specialist Validus fell to a loss of $172mn in the first three months of the year as $271mn of catastrophe losses took their toll.