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  • QBE’s move for Limit made sense, but Wellington now has the impetus and the capital to finance alternative deals. In an unsettled market, there are plenty of opportunities The Wimbledon analogy – that London provides the underwriting equivalent of a s
  • Motor insurer Highway Insurance Holdings said it had achieved a profitable first half in 2004 despite tougher market conditions and exceptional costs of £1.6mn relating to its failed merger with Cox insurance earlier in the year and in respect of the FSCS
  • Bermudian (re)insurer Endurance grew its reinsurance business significantly in the first quarter, reporting a 36 percent increase in gross written premium (GWP) relative to Q1 2009.
  • After hitting Taiwan as a Category 4 storm on 6 October Typhoon Krosa weakened before hitting China forcing the evacuation of 1.4 million people the following day. Krosa made landfall in China near the Fujian/Zhejiang Province border with winds...
  • 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.
  • The head of General Electric’s (re)insurance arm confirmed last week that the giant conglomerate will probably sell or spin-off all its underwriting units in due course.
  • Axis Capital could tolerate a full $399mn loss on its exposure to Blue City bonds - but Moody's has warned that additional losses from its credit/political risk book could cause a downgrade of its financial strength ratings.
  • Bermudian giant ACE is looking to increase its activity in the emerging markets of Eastern Europe, with the news last Thursday (24 March) that it has received regulatory approval to begin underwriting commercial property casualty business out of its Polis
  • For decades, insurer-unfriendly courts and inventive attorneys have made the US a jurisdiction hell for liability (re)insurers - now it is the UK's turn.
  • Former Heath boss replaces Bucknall at Willis; Marsh receives China first ; Guy Carpenter appoints Frankland as UK head