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  • UK regulator the Financial Services Authority (FSA) has told the insurance industry that despite recent progress it still needs to further improve the effectiveness of its risk management frameworks.
  • Bermudian giants ACE Ltd and XL Capital announced catastrophe charges of $88mn and $30mn respectively for the UK, US and Australian floods in their second quarter results yesterday.
  • This edition of Insider Week is the last publication from Insider Publishing Ltd in 2006. Insider Week will resume on the 2 January while the January edition of The Insurance Insider will be available to download from the 11 January.
  • Australian-headquartered (re)insurer QBE Insurance Group announced on 16 August that its after-tax operating profits were up 20 percent to Aus$591mn for the first half of 2006.
  • Australian-headquartered (re)insurer QBE Insurance Group announced today (16 August) that its after-tax operating profits were up 20 percent to Aus$591mn for the first half of 2006.
  • Arab Insurance Group (Arig) posted profits of $30.4mn for 2006, down from the $48.2mn it recorded the year before. However, the company said it had actually exceeded the 2005 result once exceptional items of $10.4mn and $28.9mn were removed...
  • Despite the old saw that bad years get worse, latest estimates from Lloyd’s syndicates showed only limited deterioration on the dreadful 2001 underwriting year.
  • US insurer HCC Insurance Holdings reported "record" results on 3 August and at the same time announced its latest acquisition, the medical insurance division of Allianz Life.
  • US insurer HCC Insurance Holdings reported "record" results yesterday (3 August) at the same time announcing its latest acquisition, the medical insurance division of Allianz Life.
  • US insurer HCC Insurance Holdings Inc announced last Thursday (13 July) that it has acquired the underwriting agency Kenrick & Associates as part of its ongoing acquisition strategy.