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  • UK-listed Lloyd's insurer Chaucer Holdings plc has increased the forecasts for its Lloyd's syndicates, it announced last week. Chaucer raised its forecasts on both of its syndicates for both last year and 2004.
  • A repeat of the 1906 San Francisco earthquake could total $80bn in insured losses, according to catastrophe modelling firm Risk Management Services (RMS). RMS analysed the effects that an earthquake with a magnitude of 7.9 on the Richter scale would...
  • Fast-growing broker Integro Ltd announced on 18 September that Andrew Starnes would be joining its San Francisco office as principal in its property practice.
  • Ratings agency Moody’s says improved underwriting performance, historically cautious reserving practices and relatively low levels of financial debt justify its stable outlook for German non-life insurers.
  • The chairman and CEO of General Re Corp, Joseph Brandon has resigned.
  • The chairman and CEO of General Re Corp, Joseph Brandon has resigned.
  • Reinsurance giants Swiss Re and Munich Re have come under pressure from activist investors over proposed board level changes in the last week.
  • A Marsh takeover of UK broker HLF Group has taken a step closer to reality as Insider Week can reveal that the world’s largest insurance broker has begun due diligence proceedings.
  • Creditor meetings for the companies to be schemed under the Camomile Pool are set to be held in the spring, after the proposed solvent scheme of arrangement was granted leave to convene by the UK High Court at the end of December.
  • Despite disapproval from the South African government, US class action lawyer Ed Fagan is threatening a $100bn suit against Alexander Forbes and a host of other companies because of their alleged mistreatment of over 10,000 employees during the apartheid