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  • The worst of the asbestos related difficulties faced by (re)insurers may now be in the past, according to a report by ratings agency Standard & Poor's (S&P).
  • World’s second largest broker Aon has reported net income per share of $0.52 with net income from continuing operations increasing to $180mn in its 2004 second quarter results announcement.
  • KPMG has been appointed administrator for Lloyd's broker FirstCity's legacy book, following the sale of its active insurance business in early April to AJ Gallagher.
  • German giant insurer Allianz announced that its first quarter result and growth are “on track” as it pre-empted the release of its full financials for the period this Friday (13 May).
  • QBE Limit and Markel are set for a November High Court showdown with broker Surety Guarantee Consultants Ltd (SGC) over allegations of fraud in connection with construction bonds it issued as a coverholder.
  • The Committee of European Insurance and Occupational Pensions Supervisors (Ceiops) has published new guidance on the pre-application process for insurers working towards approval of an internal Solvency II (SII) model.
  • Bermudian (re)insurer Allied World has reported a modest increase in net income for Q1 2010 despite Q1 catastrophe losses of $86.5mn thanks to large reserve releases and strong investment gains.
  • Royal & Sun Alliance Insurance Group plc (R&SA) won a significant victory in its acrimonious battle with General Motors last week after a Michigan Circuit Court ruled...
  • A lawsuit filed by Madoff-hit Greenwich National Bank and several other investment institutions against US insurer Travelers and its subsidiary, St Paul Mercury Insurance Company, was dismissed last week.
  • Reinsurance giant Swiss Re announced last week that it is streamlining its reporting structures into three units in a bid to focus on "profitable growth and the efficient use of capital".