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  • Bermuda headquartered (re)insurer PartnerRe has reported net income of $143.7mn, or $2.54 per share on a fully diluted basis, for the fourth quarter of 2004.
  • French reinsurer SCOR has revealed the extent to which its business declined in 2004. In its full year earnings release the company unveiled a litany of decreases in the amount of business written since its financial strength ratings were slashed in 20
  • US insurer CNA surprised its cassandras with an upbeat fourth quarter which included a 75 percent rise in profits.
  • David Priebe, the president of Guy Carpenter Europe, has replaced Keith Fenwick as the chief executive of Guy Carpenter’s UK operations.
  • Later this week, the reinsurance industry will finally discover the impact last year’s reserving woes have had on Converium’s business.
  • Lloyd’s insurer Hiscox plc has acquired the UK event cancellation provider Insurex Expo-Sure from Alexander Forbes.
  • Willis Re has announced the appointment of Peter C Hearn as head of its US operations following the promotion of his predecessor George Reeth to the position of president of Willis North America.
  • Bruce Carnegie-Brown, CEO of Marsh’s UK operations has been promoted to the position of president and CEO of the broker’s Europe and Middle East Operations.
  • ACE Ltd is confident that it can rebuff the lawsuit brought by Connecticut’s attorney general Richard Blumenthal alleging the Bermudian giant paid “kickbacks” to secure a workers’ compensation contract, according to its president and chief executive Evan
  • London market insurer Mitsui Sumitomo Insurance (London) Ltd (MSIL) has been awarded an AA- financial enhancement rating (FER) by the rating agency Standard & Poor’s.