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  • German insurer Allianz AG almost doubled profits last year, it announced today (16 March).
  • Inmarsat has become the first satellite operator to insure with newly launched space consortium LibSat.
  • UK Insurer Brit Insurance Holdings plc has replaced house broker Cenkos Securities Ltd with Citigroup while unveiling a 2005 profit created by an unexpectedly high release from prior-year reserves.
  • Reinsurer considers share buybacks as capital surplus grows Strong investment performance enabled German giant Munich Re to shrug off it...
  • Start-up Lancashire Holdings’ financial strength rating has been placed under review by AM Best after the (re)insurer announced the departure of vice president Alex Richards.
  • Swiss reinsurer Converium today (15 March) announced net income of $68.7mn for 2005, with $34.2mn added to the total during the final quarter. The fourth quarter figure beat some analyst’s forecasts by close to $30mn, and provided a solid start for...
  • Axiom Consulting is the latest UK financial services firm planning to cut costs by outsourcing its functions to an offshore firm, The Insurance Insider can reveal. The (re)insurance run-off consultancy – which spun-off from former owner Aon Ltd in...
  • The Insurance Insider reports from the World Insurance Forum where the growing interaction between the reinsurance industry and the capital markets was a key subject of debate. Industry leaders gathered at the World Insurance Forum in Bermuda last...
  • London-based HSBC Insurance Brokers announced a restructuring on 2 March, with the creation of four core divisions reporting to chief executive Mike Dixon. The new structure sees Direct Client Solutions, International Solutions, Intermediary...
  • When, without prompting, Jardine Lloyd Thompson Group plc’s (JLT) new chief executive Dominic Burke volunteered: “I passionately believe in the independence of JLT”, it begged the question: “Who was suggesting otherwise?”