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  • (Re)insurers’ profitability continues to be threatened by the uncertainty of reinsurance disputes, a leading US lawyer has warned.
  • Eliot Spitzer gave a boost to investment legend Warren Buffett last week by supporting Berkshire Hathaway’s contentions that he did not have an intimate knowledge of the controversial $500mn finite reinsurance deal with AIG.
  • Heritage Underwriting Agency plc, one of the select band of insurers formed by a Lloyd’s members’ agency, will own 50 percent of its own capacity next year following a successful equity/debt fund raising.
  • Lockton International has swooped for senior Marsh duo Chris Brown, the head of risk management for its Europe, Middle East and Africa division, and Neil Nimmo, the head of its London based financial and professional lines operations (FINPRO) practice, In
  • Practitioners in the global run-off space expect the global credit crunch to be a significant driver of new business in 2009.
  • New evidence has come to light of the use of off-balance-sheet transactions by insurance giant AIG. The allegations, published in industry newsletter Inside Bermuda, relate to offshore structures in Barbados and Bermuda used by AIG in the 1980s to circ
  • Hannover Re CEO Wihelm Zeller retired on 30 June as planned, after over 13 years with the company...
  • Weeks after the New York attorney general Eliot Spitzer criticised brokers’ strategic ties to (re)insurers, Aon revealed that it sold almost its entire holding in the Bermudian headquartered Endurance Specialty Holdings Ltd.
  • A second senior executive at Berkshire Hathaway's reinsurance subsidiary General Re pleaded guilty this month to charges of criminal conspiracy brought in relation to the company's transaction with American International Group (AIG).
  • A second consecutive quarter of heavy catastrophe losses took its toll on early reporting US insurers as profits slipped at Allstate Corp, Travelers, Liberty Mutual, WR Berkley and Chubb.