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  • US reinsurance exposures remain a potent threat after 2Q activity As the global reinsurance industry convenes at the annual Monte Carlo Rendez-Vous de Septembre they will be unable to avoid a depressing reality - under-reserving of US reinsurance busin
  • Lloyd's insurers are fighting multi-million dollar losses arising from Capital Bonding Corporation, a controversial programme administrator for US bail bond companies. Lloyd's, together with participants such as Converium, provided reinsurance to domes
  • In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
  • Agency issues wake-up call and raises fears of a looming liquidity crisis... Questions have again been raised over the liquidity of Fairfax Holdings after ratings agency Fitch placed the Canadian financial services holding company on a negative rating
  • The Risk and Insurance Management Society (RIMS), the powerful trade body for US insurance buyers, has added to the controversy over brokers’ commissions by recommending they should disclose all payments received from insurers, even if not asked to by the
  • An authoritative estimate of insured property losses from Hurricane Charley emerged last week (25 August) with the ISO’s Property Claim Services (PCS) unit releasing a preliminary estimate of $6.8bn.
  • Swiss Re, the world’s second largest reinsurer, saw its interim profits double on the back of benign underwriting conditions and strong investment returns in the first half of the year.
  • Bavarian behemoth Munich Re had its AA rating affirmed by Fitch Ratings last week (26 August) following strong half-year results, but the agency warned of lingering concerns over US reserving and earnings still below par as it held its outlook at Negative
  • Revitalised French reinsurer SCOR continued the turnaround from its perilous position of a year ago as it reported improved half-year figures last Thursday (26 August) and set out its “Moving Forward” plan for underwriting and capital allocation over the
  • As predicted in last week’s Insider Week (number 136), Arch Insurance Company (Europe) Ltd (Arch Europe) has bolstered its management by appointing former XL London Market chief executive Nick Metcalf to the newly created role of director of underwriting.