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  • Broker Willis has pointed to a continued weakening of rates in its latest overview of the world energy market.
  • New York-listed US and international specialty P&C insurer Travelers reported a 9.6 percent year-on-year rise in pre-tax net income for the third quarter to $1.005bn
  • Navigators Group will take a 2010 fourth quarter charge of approximately $9.2mn after tax, the New York-headquartered firm revealed last week.
  • The widening scope of schemes of arrangement was extended further last month as a Canadian court upheld its approval of a scheme promoted by run-off manager Cavell, despite last minute attempts to derail the process by Canadian policyholders.
  • Aon Ltd has become so synonymous with Dennis Mahoney - effectively the chief executive of its London operations since 1984 - that until recently it was difficult to imagine the two apart.
  • Australian insurer QBE signed an agreement on 27 September for the acquisition of specialist insurer British Marine for an expected purchase price of $204mn. The purchase price will be close to 1.7 times the firm’s net tangible assets, which are...
  • The fatal flash foods that struck southern France on 15 June, killing 25 people, are set to cost insurers nearly EUR700mn, according to estimates from the French federation of insurance companies (FFSA).
  • American International Group has filed a lawsuit against its former CEO and chairman Maurice "Hank" Greenberg as part of its long-running legal battle over ownership of shares in the US giant.
  • Lloyd's insurer Novae Group plc's investment performance has helped the firm beat analysts' forecasts and post a 22 percent improvement in its first half pre-tax profits.
  • Italian insurer Generali and Czech financial services company PPF Group NV have set up a central and eastern European joint venture with combined assets of EUR5.1bn that creates the region’s biggest insurer.