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  • Nordic insurer Tryg Vesta formally withdrew from the London market last week after announcing that its subsidiary Tryg-Baltica International (UK) Ltd has been placed into run-off.
  • UK motor insurer Highway Insurance Holdings plc unveiled below expectation 2003 interims last Friday (5 September) which included a dividend of 0.8p and a combined ratio of 99.5 percent.
  • 2004 costs reduced as 2 percent premium levy ends Capital providers at Lloyd's will see their fees reduced next year as the Society restructured the levies charged on each underwriting member.
  • A"medium term" IPO for reinsurance spin-off Aspen Re has inspired London Stockbrokers Altium Capital to upgrade sister company Wellington Insurance Holdings from a hold to a buy recommendation.
  • Despite the industry's difficult operating environment, many of the post 9/11 start up reinsurers are prospering, observed the rating agency Standard & Poor's today (9 September).
  • Despite favourable conditions in the hard market, the outlook for the reinsurance industry remains negative as reinsurers continue to count the costs of pricing and underwriting strategies in the last soft market, says Moody's.
  • A US Federal Jury has at long last issued an ultimatum to the parties that controversially purchased the assets of Executive Life, the Californian insurer that collapsed in 1991.
  • Premiums increases for professional indemnity for solicitors and law firms are beginning to level out over the past year, according to Aon Professional Risks (APR).
  • While 2002 promises to be a bumper year for Lloyd’s, the legacy of US casualty exposures continues to drag down the 2001 forecasts, according to the latest set of Syndicate Quarterly Returns published by Lloyd’s last week.
  • New entrant with an interesting past offers EL insurance to the London Market... After the demise of the likes of Independent and The Underwriter, it was inevitable that soaring professional indemnity rates would attract new players into a market where