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  • Despite a decline in group operating profit from ÂŁ226mn in 2002 to ÂŁ140mn for 2003, ratings agencies and analysts have not echoed the stock market negativity that saw Royal and Sun Alliance (R&SA) shares drop almost 15 percent last Thursday (11 March) as
  • Bermudian (re)insurer Aspen revealed last Monday (8 March) the identity of its new US property reinsurance team.
  • Heath Lambert Group has confirmed that it will sell its Sydney based Australian insurance broking business, Heath Lambert Australia, to rival brokers Marsh.
  • Last year's trend towards lower aviation premiums is unlikely to last beyond the start of 2004, according to new research published by brokers Aon.
  • Despite the large loss of life, the 11 March Madrid terrorist attack will have only a limited impact upon the industry because of the longstanding government backed compensation fund, the Consorcio de Compensaciones de Seguros.
  • It was a week to be forgotten for the industry’s US directors’ and officers’ insurers as yet more class action suits surfaced, while a “get tough” attempt by leading carrier Chubb was dismissed by the US courts.
  • Ratings agency Moody’s last Friday (12 March, 2004) downgraded SVB’s Syndicate 1007 from A1 to A2 after the Lloyd’s quoted insurer revealed further deterioration on its 2001 result.
  • Recently floated reinsurer Alea Group Holdings Ltd became the latest carrier to trumpet the current strong trading conditions by unveiling a falling combined ratio and growing underwriting profits.
  • Dick Grasso, the controversial former chairman of the New York Stock Exchange, is facing a subpoena from the Securities and Exchange Commission over allegations that he engaged in “influence trading” with shares in the insurance giant American Internation
  • Lloyd’s Insurer Cox is in takeover talks with rival motor insurer Highway, it has emerged.