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  • Lloyd’s syndicates, together with London based QBE International Insurance, filed suits last week against American and United Airlines, over losses they have paid out from the WTC attacks.
  • Goshawk Goshawk might look a tad on the small size when it comes to market capitalisation, but it's got quite an enviable advantage over virtually all of its bigger Lloyd's peers. All Lloyd's vehicles dream of owning 100 per cent of their managed capac
  • Standard & Poor’s (S&P) has upgraded the insurer financial strength rating of AXA’s core subsidiaries to AA from AA- citing the company’s successful integration of Winterthur.
  • Specialty (re)insurer Markel Corporation has acquired privately owned US workers' compensation insurer Aspen for $135mn in cash.
  • Faced with falling rates, insurers are increasingly looking to capture control of their distribution by buying brokers and agencies. But, with competition from other acquisitive brokers and hungry private equity investors, all this is doing is chasing up
  • German giant increases use of securitisations as retro costs rise German reinsurer Hannover Re revealed it has halved its coverage from the traditional retro market in its programme renewal as it released strong first quarter operating results...
  • BP Marsh & Partners plc, the London-based investor in specialist insurance and other financial services, has revealed a 15.4 percent growth in its net asset value last year.
  • Insurers providing Parmalat’s $50mn directors and officers’ liability protection may seek to void the cover for misrepresentation, according to sources.
  • European giant Allianz has launched a UK High Court counterclaim against the North Korean state insurer over a controversial EUR45mn reinsurance dispute.
  • Distressed insurance company Quanta Capital Holdings Ltd revealed a $42.9mn loss for the second quarter and said it was talking to its bankers after defaulting on its credit facility following the rating downgrades earlier this year.