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  • In his much-anticipated annual letter to shareholders, the world’s second richest man Warren Buffett railed against scandal-struck mutual fund companies and corporate greed, as his investment company Berkshire Hathaway unveiled profits that nearly doubled
  • Andrew Gammell, the co-founder of troubled insurer GoshawK stepped down from the board of its quoted parent GoshawK Insurance Holdings plc last week.
  • Former Royal & Sun Alliance Australasian subsidiary Promina Group last week announced net profits of A$271.8mn for 2003, excluding New Zealand contributions until May. Including a 12-month New Zealand contribution, pro forma net profits reached A$298mn. T
  • Specialist Lloyd’s insurer Chaucer Holdings has announced a strong start to the year in its latest trading update. It said gross written premiums for the 2004 year of account were higher than for the same period in 2003 and that pricing remained strong. 2
  • US legal industry takes umbrage, while impressive earnings questioned February was a memorable month for AIG and its legendary patriarch Hank Greenberg but not all for the right reasons. It started off well, as the Group revealed a “record” 68 percent
  • Despite delivering consensus earnings and double-digit growth, Jardine Lloyd Thompson (JLT) saw its share price decline to close on Friday 27 February at 541p, down from 595.5p at the beginning of the month. Sellers of the stock appeared to be unnerve
  • Troubled French reinsurer SCOR revealed the extent events of the last few months have impacted its business prospects on 26 February, admitting 2004 gross premiums are likely to fall 29 percent in non-life and 11 percent in its life reinsurance unit. B
  • Aon's 2003 results were broadly in line with analysts' expectations, with net earnings growing by more than a third and positive work done on de-leveraging the balance sheet with more debt being repaid early. But despite this progress, operating earnings
  • Isle of plenty as start-ups continue to stride forward and the established set reaches maturity Arch rivals fellow start-ups Arch Re followed its fellow Bermudian post-9/11 start-ups by announcing a strident set of results on 17 February, booking net
  • At the time of going to press, the first round of Lloyd's Syndicate 2001 results were beginning to trickle through, as the Corporation's listed vehicles reveal their final figures under the three year accounting system and detail development on the 2002 a