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  • For several years now the Russian reinsurance sector has been expecting a major storm to blow the Russian reinsurers away. To their relief, the reinsurers say it hasn't happened. Even better, they add, the growth rate last year for the domestic reinsurer
  • Over two years after Boeing officially announced an endemic fault on its 702/GEM telecommunications satellites, last-ditch negotiations continue in an attempt to avert a round of litigation that could cost the industry and its insurers dear. Satellite
  • Litigation over the collapsed Aon 77 energy lineslip has been adjourned for four weeks because of last-minute amendments to the reinsurers’ case. The legal battle had been scheduled for early November but is now due to be heard in court 21 on 1 Decembe
  • ACE shows solid performance Bermudian giant ACE announced a solid set of third quarter results, returning earnings per share (EPS) of $1.04, almost double the same period last year and topping analysts' projections by 2 cents. Income of $304mn was g
  • The build-up to the renewals season was marked by calls at conferences across London for pricing discipline, underwriting profit and an end to gearing by under-reserving. Former Morgan Stanley analyst Alice Schroeder kicked off the season on 3 November
  • In what would appear to be a further flexing of Franchise Performance Directorate muscle, Dex Services announced on 25 November that its Syndicate 2241 was pulling out of the Lloyd's market, ceasing underwriting at the end of 2003. Managed by Thomas Mi
  • Record capacity for 2004 as departures outweighed by new entrants Lloyd's capacity growth for 2004 will not match last year's 18 percent rise, but will still break the £15bn barrier, The Insider can reveal. The slight increase in total market capaci
  • Odyssey Re will surpass analysts’ expectations when publishing its third quarter results on Thursday (30 October), the company revealed last week.
  • Rating agency Standard & Poor’s upgraded Gerling General Insurance Company (GKA) last week to BBB (outlook positive) from BBB- (outlook positive), following Gerling’s recent EUR150mn cash injection.
  • Catlin Group Ltd, the Bermudian parent of blue-chip Lloyd’s insurer Catlin Underwriting Agencies, continued to bolster its management team last week with three new non-executives appointed to the board.