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  • The run-off of the Kwelm group of companies could close as early as next year after the creditors voted to close the scheme last week.
  • Days before the eagerly awaited trial between World Trade Center leaseholder Silverstein Properties Inc and insurers led by Swiss Re begins, came news that Deutsche Bank settled with two of its property insurers over a total loss property claim relating t
  • Sian Fisher became the second respected London market executive to announce a surprise resignation last week when she ended her 18-year relationship with Hiscox, a day after Lloyd’s finance director Andrew Moss resigned.
  • Lloyd’s insurer Wellington has appointed outsourcing firm Xchanging to handle its treaty claims written before it spun-off its reinsurance arm into Aspen in 2002.
  • In a move that will be welcomed by many European insurers, the EU’s chief financial regulator Frits Bolkenstein revealed today (2 February 2004) that unresolved issues over the implementation of new accounting standards should be postponed until 2005.
  • US insurer Markel Corporation continued its 2003 improvement by reporting fourth quarter net income of $4.53 per diluted share compared to $2.67 in the comparable period of the previous year.
  • The Insurance Insider looks at recent developments in asbestos litigation A Chapter 11 filing by asbestos defendant AC&S Inc has been thrown out by a US federal judge after he found that the firm's bankruptcy plan was so influenced by asbestos plaintif
  • The Depression had a salutary effect on underwriting results. The fire and casualty industry's combined ratio was below 100 percent every year from 1933 to 1945. The flip side of this, however, was that investment income as a percentage of premiums declin
  • Lloyd’s run-off reinsurer sees an end to its largest direct liability US engineering firm Halliburton has announced a $575mn (£317mn) settlement of its asbestos exposures with Equitas, the reinsurer established by Lloyd's in 1996 as a run-off vehicle f
  • Defeated Council election candidate Julian West has complained to the Financial Services Authority after Lloyd’s allowed the recent result to stand - despite a complaint that victorious candidate Quentin Davies MP was ineligible to stand.