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  • Controversy refuses to die down as policyholders lobby for $4bn settlement Almost a year after Insider Week’s sister publication The Insurance Insider first reported an initial settlement (see December 2003), the interminable dispute over the 1991 tak
  • Outsourcing firm Capita Group plc has added to its broking arm, BDML, with the acquisition of independent intermediary Lancaster Insurance Services Ltd.
  • Berkshire Hathaway confirmed last week that its reinsurance arm General Re has received a request from the Securities and Exchange Commission for information relating to its sale of “non-traditional or loss mitigation insurance products”.
  • German reinsurer Munich Re Group has elaborated on its financial position. At an investors’ conference today in London it said the Group's available financial resources had increased by EUR1.9bn to EUR22.6bn in the business year 2004. At the same time, th
  • The gloves are off as WTC insurers argue the attacks were one event and Silverstein acts to prevent ACE and XL Capital from pursuing a London arbitration The anticipated frenzy of litigation took at step closer to reality after Silverstein, the leaseho
  • Lloyd’s insurer Highway released a statement to the London Stock Exchange last week in a bid to clarify its position on alleged over-reserving on Syndicate 37 and Syndicate 2037.
  • Marsh & McLennan Companies (MMC), parent of the world’s largest broker Marsh, shrugged off the furore surrounding its troubled investment arm Putnam to announce strong operating results for the fourth quarter and year ending 31 December 2003.
  • Berkshire Hathaway revealed first quarter net profits dropped by around 64 percent to $940mn from $2.6bn in the prior-year period.
  • As toxic mold, leaded paint and other liability nasties vie for the crown of “the next asbestos”, a new challenger has entered the fray – toxic-chemical exposure in the high tech electronics industry.
  • Earnings at expansive Bermudian (re)insurer Max Capital Group more than halved in the first six months of 2008, down to $82mn from $174.1mn in the prior-year period, despite a rise in investment income.