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  • UK reinsurer Benfield has announced the sale of its holding in Benfield Sports International (BSI), a sports marketing consultancy.
  • Telecommunications giant AT&T has filed a lawsuit against 15 insurers over allegedly unpaid property damage and business interruption claims relating to 9/11.
  • Fast growing White Mountains announced last Wednesday (30 June) that Warren Buffett’s investment giant Berkshire Hathaway had completed its previously announced exercise of warrants to buy common shares in the (re)insurance group.
  • “Volatile” US liability reinsurance drags down Lloyd’s insurer’s financial performance Losses at the discontinued liability reinsurance, healthcare and third-party liability units of specialist insurance group SVB Holdings are continuing to hit operati
  • Germany’s Hannover Re received a boost last week with the news that ratings agency Standard & Poor’s (S&P) has upped its outlook on the reinsurer from negative to stable to reflect its improved reinsurance recoverables position.
  • Lloyd’s insurer Atrium has posted an upbeat outlook on current trading conditions in its latest AGM, with an increase in profit forecast on the 2002 year of account to 14.1 percent.
  • High drama came to London's Royal Courts of Justice this month with the appearance on the witness stand of Euromepa founder Jean-Claude Chalhoub in a dispute between German reinsurer R+V and managing agency Risk. As reported in previous editions of The
  • And makes public data secret, suggests David Schiff... New York's insurance law requires insurance companies doing business in the state to file with their annual statement a supplement (Schedule G) that lists the names, titles, and compensation of emp
  • As senior insurance exectives worldwide pledge their commitment to underwriting discipline in the turning market, European insurers have been challenged to continue growing balance sheets over the next few years through sustained profitable growth. In
  • Large-scale consolidation may be required if Willis is to continue its remarkable progress, but dangers lurk... Building grandiose new headquarters as a testament to corporate success can be a risky business in London insurance circles. Stephen Merrett