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  • WTC leaseholder Silverstein Properties and insurers led by reinsurance giant Swiss Re are litigating over which contractual wordings the various parties used in placing the building’s insurance cover.
  • Talanx is reported to have trumped the aggressive US buy-out firm Cerberus Capital Management for the prize of fellow German insurer Gerling Group.
  • Bermuda-based Lloyd’s (re)insurer Catlin Group has confirmed that its Lloyd’s Syndicate 2003 will take part in Lloyd's new reinsurance operation in China.
  • Bermudian catastrophe reinsurer Montpelier Re said the “favourable pricing environment” was amongst the factors driving it to a profit of $303mn, or $3.25 per share, last year, against a loss of $753mn, or $10.49 per share, in 2005.
  • French aviation insurer La Reunion Aerienne is understood to be the lead insurer of the Air France passenger jet that crash landed in Toronto yesterday in atrocious weather conditions, according to sources.
  • Swiss reinsurer Converium Holdings posted a 58 percent half-year increase in its net income of $197mn in its final results after being acquired by SCOR Group earlier this year.
  • Marketform Acquisition Company Limited has attracted £15mn of equity finance from Caledonia Investments plc as it continues to capitalise on the strong rates for non-US medical malpractice and other specialty liability insurance.
  • Auction prices for Lloyd's capacity later this week are likely to show a modest fall from last year's average of 20p for each pound of capacity, The Insurance Insider understands.
  • Post-9/11 start-up Arch Capital last Monday (14 February) reported 2004 net profits of $107.1mn, or $1.45 a share for the fourth quarter and $316.9mn or $4.37 a share for the full year, compared to $83.7mn or $1.22 a share and $280.6mn or $4.14 a share re
  • Run-off insurer Scottish Lion has axed the majority of its staff after its sale to Berkshire Hathaway subsidiary National Indemnity Company (NICO), The Insurance Insider understands.