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  • The impact of legislative actions in Florida earlier this year was reflected in the top line shrinking by 18 percent at RenaissanceRe Holdings Ltd as the reinsurer reported first quarter figures.
  • The Irish Financial Regulator's application to place Quinn Insurance into full administration was today adjourned for one week by the Irish High Court.
  • Although an appeal is inevitable, and settlement still a possibility, it is nevertheless conceivable that in the next two months we will know whether the 9/11 attacks on the World Trade Center amount to one insurable loss or two.
  • Lloyd’s insurer Heritage Managing Agency Ltd is planning to merge two of its syndicates into one, larger unit headed by veteran Lloyd’s underwriter Les Rock.
  • Lloyd’s Members Agency remains hopeful that its innovative Fund will attract sufficient support as syndicates wait in the sidelines Lloyd's members' agent SOC Group extended the deadline for raising funds on its new investment fund yet remains confiden
  • US insurer Liberty Mutual has named one of its most experienced senior executives, David Long, as group president from 1 July.
  • Catlin Group has agreed to pay £16mn to Names who traded Wellington capacity in the Lloyd's auctions last year before the two insurers announced they were in takeover talks.
  • As expected, S&P raised its financial strength ratings on Winterthur Swiss Insurance Co by two notches to A+ following the completion of its acquisition by AXA.
  • Australian-headquartered insurer QBE has appointed John Neal to the newly created position of chief operating officer for its European Operations.
  • Waning market share, slower premium rises and fiercer competition among smaller businesses: all are cited as catalysts for a mooted increase in broker M&A Consolidation among brokers is set to increase, according to new analysis by investment bank Morg