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  • The rating agency Fitch is bullish on the Australian insurer QBE insurance Group’s prospects as it assigned an A+ long term rating, outlook stable.
  • UK insurer Royal & Sun Alliance (R&SA) announced today the sale of its US surplus lines unit, RSUI, for £72mn cash to Alleghany Insurance.
  • Converium receives licence to write UK liability while British Government gives heart to insurance industry In the week that saw the UK Government acknowledge the recent surge in liability premiums, the Swiss based reinsurer Converium revealed that it
  • Divided House likely to call time on Hatch plans as “best opportunity in a decade” slips away
  • Endurance received its second ratings endorsement in as many weeks last Thursday, as the Bermudian (re)insurer was granted an A- rating from Standard & Poor’s.
  • Lloyd’s (re)insurer Chaucer’s plans to merge its syndicates 587, 1084 and 1096 into one have met with a mixed reception.
  • FSA consultancy launched A new consultancy offering help on Financial Services Authority compliance for London market brokers and insurers has launched promising to provide “carefully designed bespoke support to help reduce the cost of achieving and ma
  • Despite Bermuda’s established and start-up reinsurers churning out strong results, the global industry continues to be dragged down by the lacklustre performance of the big four reinsurers – Munich Re, Swiss Re, Employers Re, and General Re.
  • Bermudian (re)insurer PXRE announced last Wednesday that it has filed a shelf registration statement with the Securities and Exchange Commission, paving the way for its planned offering of up to $150mn of securities.
  • David Watson, the senior vice president and chief underwriter of XL Re’s London branch, has replaced the former chief executive of Axa Corporate Solutions (UK) Ltd Adrian Ballardie on the board of the International Underwriting Association of London.