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  • The fate of UK insurer Royal & Sun Alliance Group plc’s (R&SA) attempt to cut itself free from its US run-off business will be decided at a public hearing later this month.
  • The alleged poaching dispute between Gen Re and Arch took a new turn last month when the temporary restraining order granted against Arch Capital and four former Gen Re executives in May was lifted and replaced...
  • Lloyd's managing agency Abacus is planning to launch a new professional indemnity (PI) syndicate with former PRI underwriter Andy Dore at the helm. Abacus Syndicates Ltd, backed by members' agent CBS, currently manages Syndicate 2525, with 2003 capaci
  • The UK run-off company Axiom Consulting has put itself up for sale, our sister title The Insurance Insider revealed last week (19 October).
  • Giant European reinsurer Swiss Re has today (25 September) begun the process of informing its employees of the 2,000 job cuts expected as a result of its merger with GE Insurance Solutions earlier this year.
  • The latest insurer to face a hefty financial guarantee loss is Swiss Re North America, which was told this month that it must honour a policy guaranteeing the residual value of motor cars leased through Cleveland headquartered Key Bank USA between 1997 an
  • Willis Group finished 2003 with a healthy organic growth of 15 percent for the year as it revealed total revenues had grown 20 percent to $2076mn. Net income for the final quarter was static at $118mn with 2002 but overall earnings almost doubled for t
  • Tawa plc’s share price is now 40 percent lower than its 2007 IPO price as investors responded badly to the firm’s profit slump last month on the back of continuing losses from the bond portfolio of its CX Re subsidiary...
  • Sports underwiters Sportscover Europe have announced the appointment of Matthew Riley as its CEO, taking over from Chris Nash.
  • Despite a relatively quiet 2009, the Insurance Futures Exchange (IFEX), which trades US wind future contracts on the Chicago Climate Futures Exchange, is preparing for a flurry of new trading participants in 2010, The Insurance Insider understands.