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  • JLT is to establish a separately branded company Lloyd & Partners to focus on business produced from independent US retail brokers. Traditionally one of the strongest performing units of the London headquartered broker, JLT's management moved after rec
  • 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
  • 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
  • Lloyd's has today (12 August) had its financial strength rating upgraded to "A" (Excellent) from "A-" (Excellent) with a stable outlook by ratings agency AM Best. The agency said the rating, which is now in line with Standard & Poor's "A" rating, refl
  • Unhappy legacy of former Cable & Wireless captive played out in court For C&W in July it was a litigation double whammy in London's Royal Courts of Justice with the opening shots in two legal skirmishes relating to its former insurance captive, Pender
  • In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
  • Despite ringfencing, ACE considers purchasing further cover for run-off asbestos unit ACE Ltd is examining ways to resolve its asbestos exposures which have dogged the insurance giant since its $3.45bn acquisition of Cigna's non-life business in 1999.
  • 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
  • Q2 results re-ignite old arguments between Fairfax bulls and bears... Analysts have again drawn sharply opposing conclusions about the liquidity of Canadian financial services holding company Fairfax Holdings after it published its Q2 2004 results.
  • World's largest insurer (by market cap) AIG reported strong second quarter results booking net income up 26 percent on the same period last year on the back of its general insurance and foreign life and pensions operations. Legendary AIG chairman Hank