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  • Lloyd’s of London is sensibly awaiting details from its trading syndicates before revealing details of its estimated losses from Hurricane Katrina.
  • Claims Management Group Limited (CMGL) has been acquired from Zurich Financial Services Group (Zurich) (ZFS) by a management buy-out backed by UK private equity firm Sovereign Capital Partners LLP.
  • Amlin plc became the first Lloyd’s insurer to publicly estimate its exposures to Katrina, as it projected $110mn net of reinsurance – but shares in the group rose almost 3 percent on strong first half figures.
  • French reinsurer SCOR continued its return to profitability as it announced an 18 percent rise in net income to EUR72mn in its first half results for 2005 last Thursday (1 September).
  • Mark Hardinge, the former Aon Ltd managing director of its professional risks division, is set to join UK broker Heath Lambert Group later this year.
  • Devastating hurricane on course to be costliest natural catastrophe of all time: As the sheer scale of devastation wreaked by Hurricane Katrina becomes clearer, estimates of economic and insured losses have begun to escalate, as the industry starts to
  • Start-up European reinsurer Glacier Re has added to its pool of underwriting talent with the appointment of Franco Masciovecchio as senior underwriter on its property and energy portfolio.
  • LCL Group – the run-off manager to debt collections specialist – has today (5 September) announced the acquisition of Associated International Insurance (Bermuda) Limited (AIIB).
  • UK insurer Brit Insurance Holdings has announced the appointment of Kathy Lisson as Chief Operating Officer as the group continues its drive for market reform and operational changes.
  • Shares decline as H1 profit slump unveiled: London-listed (re)insurer Alea Group meets with rating agency Standard & Poor’s (S&P) this week in an attempt to defray a threatened downgrade following the group’s disappointing interim results last week.