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  • Defying the old adage that "good years get better, and bad years get worse" is Syndicate 839, the former Trenwick Lloyd's operation which managed to post a £12mn profit last year on its 2001 and prior years.
  • Axa Asia Pacific green-lights takeover move; JLT's non-advisory arm renamed Thistle; Tower Group estimates up to $9.1bn hit from US storms.
  • Arab Insurance Group (ARIG) announced its 2005 third-quarter net profit was up 122 percent to $42.1mn compared with $19mn for the same period last year. There were several reasons for the growth in profits at ARIG, including increased premiums, a...
  • Lloyd’s underwriter Cox has admitted liabilities of up to £4.5mn in relation to the failure of Scottish insurer Tribune on 10 December.
  • Bermudian PXRE continued its drive to become a Cat and Risk Excess only reinsurer as it reported second quarter net income up 51 percent, but revenues and net premiums down 20 and 17 percent respectively, with the withdrawal from the last of its Finite ri
  • Allianz expects to see claims costs in excess of EUR100mn from Windstorm Xynthia, according to a spokesperson for the firm.
  • Accountancy firm Price Waterhouse Coopers (PwC) has settled a lawsuit for $225mn with fraud-riddled manufacturing conglomerate Tyco International, over claims that it ignored fraud committed by top executives at the firm.
  • Bermudian (re)insurer Max Re Capital Ltd confirmed last week that acting chairman and CEO W Marston Becker has been permanently appointed to the position, following the sudden departure of his predecessor Bob Cooney.
  • US giant property casualty insurer The Hartford announced Friday (19 December) that it has agreed a $1.15bn global claims settlement for asbestos exposures to MacArthur Company and its Western MacArthur subsidiary.
  • Bermudian (re)insurer Max Re Capital Ltd today (14 November) announced that acting chairman and CEO W Marston Becker has been permanently appointed to the position.