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  • Established Bermudians show strength but warnings grow over pricing pressures... ACE reported healthy second quarter figures with operating earnings of $380mn, or $1.29 a share, marginally up on consensus analysts' estimates of $1.25, and 33 percent hi
  • 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
  • In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
  • Despite growing calls for Lloyd's to shrink capacity next year, evidence suggests that many syndicates are keen to maintain their own size. Lloyd's insurers have begun the process of entering their 2005 business plans to the Franchise board and many s
  • 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
  • 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
  • Weeks after an Illinois Court gave the green light for a national class action suit to proceed against Aon over alleged hidden commissions, came news that class action giant Millberg Weiss Bershad & Schulman LLP is suing Marsh and Willis for failing to di
  • The UK insurance industry must become tougher on spurious claims if it is avoid a reputation of being a “soft touch”, Aon warned today (26 July, 2004).
  • Northbrook-based insurer Allstate has said net income for the second quarter of 2004 surged 76 percent, helped by increases in property-liability underwriting income and lower catastrophe losses.