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  • Last month's shock $385mn US casualty reserves bolstering and profits warning fed through to hit reinsurer Converium's half year results hard, with a second quarter operating loss of $300mn and net loss of $660mn taking the year-to-date figures to $223mn
  • Arch Capital announced strong second quarter results, booking net income of $104.3mn, or $1.42 a share, against $61.8mn, or $0.91 a share for the comparable quarter last year. The performance took the total for the year so far to $191.7mn, or $2.69 a s
  • Ratings agency Moody's has downgraded the performance rating of property catastrophe insurer RJ Kiln Syndicate 557 from "A" Very Good to "A-" Good with a stable outlook. Moody's said the downgrade was because of management proposals to reduce the syndi
  • In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
  • In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
  • Refocused UK general insurer Royal & Sun Alliance (R&SA) reported half year figures slightly ahead of forecasts on 12 August, and saw its share price rise 5.5 percent as markets and analysts took a more bullish line on the group's capital position and fut
  • Post-9/11 Bermudian start-up Allied World Assurance Holdings (AWAC) confirmed last Thursday (22 July) that veteran market figure and vice-chairman Michael Morrison will retire with effect from 1 October after half a century in the industry.
  • Environmental services company EnPro Industries has announced a $118mn “comprehensive agreement” with Lloyd’s reinsurer-of-last-resort Equitas in relation to its asbestos exposures.
  • More details have emerged of the dispute between insurer Allianz and lap dancing venue Spearmint Rhino, which is suing the German company in the UK’s Royal Courts of Justice for non-payment of claims..
  • The UK insurance industry must become tougher on spurious claims if it is avoid a reputation of being a “soft touch”, Aon warned today (26 July, 2004).