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  • Paris Re Holdings has become the latest reinsurer to launch a sidecar-style vehicle with the establishment of Triomphe Re, a $185mn Bermuda domiciled Class 3 reinsurer.
  • Insurance broker Marsh Ltd is offering a new service to recession-struck UK firms struggling to renew their trade credit cover as insurers have "hardened their attitude".
  • Despite fears of declining rates, the first quarter of 2004 was a stunning year for US P&C insurers, according to data from the research firm ISO and the Property Casualty Insurers Association of America.
  • Ratings agency Fitch has warned that the introduction of international accounting standards (IAS) could have an impact on some insurance company ratings in the medium term depending on the response of management and investment markets to the new standards
  • Bermudian giant XL Capital announced the restructure of its management team on 15 June with Henry Keeling taking over as chief operating officer.
  • The jury in the trial of five former senior US industry executives charged with transacting an allegedly sham finite reinsurance contract between the two firms is due to retire shortly.
  • The jury in the trial of four former Gen Re and an ex-American International Group (AIG) executive charged with transacting an allegedly sham finite reinsurance contract between the two firms is due to retire in mid-February.
  • Fast expanding Hyperion Insurance Group, owner of London market broker Howden Insurance Brokers, has bought a stake in the reinsurance specialist, JK Buckenham Ltd for an undisclosed sum.
  • Premiums increases for professional indemnity for solicitors and law firms are beginning to level out over the past year, according to Aon Professional Risks (APR).
  • MMC chief executive Michael Cherkasky pointed to the green shoots of recovery in his company’s first quarter results today (3 May), but it was also apparent that the global brokers are still operating in a brutally tough trading environment.