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  • The Markel Corporation has brushed aside 2004’s long list of natural catastrophes by reporting record profits for the year.
  • Tort reformists in the US have received a boost with the news that the Senate judiciary committee approved a series of changes to state laws governing civil lawsuits in medical malpractice cases last Thursday (27 January).
  • Andrew Wallas, the chairman of London market broker Glencairn Ltd, has left the company, Insider Week can reveal.
  • In the January 2005 edition of The Insurance Insider, we refer to the JLT executive Jonathan Marland as the Conservative MP for Somerton & Frome. This is a mistake. He is the Conservative candidate for Somerton & Frome.
  • The Japanese government will increase its limit for earthquake reinsurance payments for the first time in three years, according to the Daily Yomiuri newspaper.
  • The Munich Re Group now expects to see 2004 profits of between €1.7bn-€1.9bn after an associated company revealed write-downs of €2.5bn in its annual financial statements.
  • Insurers’ discipline appears to hold
  • XL Capital became one of the first insurers to provide specific guidance on the Boxing Day Indian Ocean tsunami when predicting a pre-tax net loss of $75mn last week.
  • Equity analysts at investment bank KBW have taken a neutral stance in their 2005 sector overview of European insurers, citing the end of the hard market, possible non-life reserve shocks and the fact that any good news on the sector has already been price
  • Former Jardine Lloyd Thompson chief executive Steve McGill vowed that he will make a swift return to the London market while speaking at a Lloyd’s lecture last week.