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  • Zurich Financial Services (ZFS) has posted Q3 2003 profits of $701mn, compared with a net loss of $763mn for the same period in 2002.
  • (Re)insurer ACE last week announced a dividend of 19 cents per ordinary share, for the third quarter of 3002.
  • Brit chief executive Dane Douetil has called for more honesty in the way underwriters and regulators calculate reserve strengths.
  • Despite improvements in underwriting performance, German giant Allianz continues to be dragged down by its ailing banking arm Dresdner, together with further investment write downs and tax charges.
  • Ratings agency Fitch has launched a new database listing report and account information on over 6000 insurance companies across 100 countries.
  • Lloyd's Syndicate 2999, managed by Limit Underwriting Limited, has received a first time B Average performance with a stable outlook by Moody’s rating agency.
  • A new report by reinsurer Swiss Re has highlighted how insurers can withstand the effects of financial crises in emerging markets by having a sound capital base and efficient asset-liability management.
  • Marsh & McClennan (MMC) and its subsidiary Putnam is facing at least 16 lawsuits over allegations of improper fund trading, it has emerged.
  • JLT has won a Middle East energy contract in the teeth of competition from heavyweight broker rivals Aon, Willis and Marsh.
  • Aspen Insurance is to launch on the NYSE with an initial public offering of 9.5 million ordinary shares at between $20 and $22 per share.