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  • French giant AXA had its Fitch financial strength rating affirmed at AA today (17 January), and its Long-term and Short-term ratings at A+ and F1 respectively, all with a stable outlook.
  • XL Capital, which announced the first of the post-Katrina sidecars Cyrus Re in November last year, has launched a new Cayman Islands special purpose reinsurance vehicle, Stoneheath Re.
  • XL Capital, which announced the first of the post-Katrina sidecars Cyrus Re in November last year, has launched a new Cayman Islands special purpose reinsurance vehicle, Stoneheath Re.
  • Leading sports underwriter Sportscover announced on 15 August that it is launching a new Lloyd’s syndicate specialising in covering amateur sports.
  • Marsh & McLennan Risk Capital Holdings has agreed to sell around half of its share in AXIS Capital, the Bermudian (re)insurer it helped found in the wake of 9/11.
  • The well-managed run-off of the Illinois-headquartered Kemper Insurance Cos inspired the US P&C legacy industry to acknowledge Barbara Murray as its Run-Off Person of the Year.
  • US insurer WR Berkley announced last week that C. Fred Madsen has joined the firm as senior vice president of reinsurance operations.
  • Giant US insurer American International Group (AIG) has ended its business relationship with American International Marine Agency (AIMA), a subsidiary of CV Starr & Co.
  • Insurers have put up the specie insurance industry's biggest ever reward as they attempt to track down the Graff robbers and their loot.
  • Sports underwriter Sportscover today (15 August) announced that it is launching a new Lloyd’s syndicate specialising in covering amateur sports.