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  • On the back of strong reserve building in recent years, the short-fall in US property & casualty reserves has declined to $80bn, estimates industry analysts Morgan Stanley.
  • Ratings agency Fitch has affirmed insurer Brit’s “A” financial strength rating, with a positive outlook, after the firm announced a capital reorganisation.
  • Ratings agency Moody's Investor Services has assigned ratings of Ba1, Ba3 and B3 to the three debt tranches in Bermudian (re)insurer XL Capital's new Cyrus Re II sidecar vehicle.
  • Brokers Jardine Lloyd Thompson (JLT) has announced the acquisition through its US based subsidiary, Capital Risk LLC, of the business portfolio and related assets of HCC Employee Benefits.
  • Tropical Cyclone Larry slammed into north-eastern Australia early today (20 March) causing damage to buildings and crops. Larry made landfall as Category 5 storm, the maximum grading, near the town of Innisfail, Queensland, and was downgraded to a...
  • Atrium managed Syndicate 570 has had its "A" (good) status affirmed by ratings agency Moody's, following an annual review of the syndicate's performance.
  • The migration of Lloyd’s Names to limited liability status took a step closer last week when the Chancellor of the Exchequer revealed in the Budget that legislation will be enacted to remove tax obstacles for conversion to English Limited Liability Partne
  • A US bankruptcy judge has approved The Travelers Cos' settlement of one of its largest asbestos exposures for $449mn.
  • Recently listed legacy specialist Randall & Quilter Investment Holdings plc (R&Q) is to release £11mn in capital from its Chevanstell Ltd run-off.
  • Hannover Re, the world's fifth largest reinsurer, responded to concerns over its geared capital base by raising EUR500mn in two equity offers earlier this month. The reinsurer issued 10 percent of its share capital to institutional investors on 12 June