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  • Germany’s Hannover Re announced a largely unchanged set of interim results for the first half of 2003.
  • Lloyd’s insurer Wellington Underwriting restored its dividend to shareholders last week following a sharp rise in interim profits.
  • Illium Insurance Group Ltd, the UK liability start-up headed by former Limit underwriter Denis Burniston and Russell Benzies, the former chief executive of Euler Trade Indemnity plc, is set to begin trading via a new Lloyd’s Syndicate 4040 next year.
  • Laptop looks at Lloyd’s and ILV pension deficits and questions the increasing actuarial control... Actuaries Lane, Clark and Peacock estimate that, out of the 90 companies in the FTSE-100 index, only 13 showed a surplus of assets over liabilities in th
  • Following AM Best’s decision to downgrade SCOR to B++ this month, the French reinsurer goes into the key renewal season with its rating below the critical A- from the major agencies.
  • Munich Re executives met with London based analysts and fund managers earlier this month as the reinsurer sought to reassure the City in the light of its shock downgrade by rating agency Standard & Poor's. In August, Munich Re suffered the humiliatio
  • Hurricane Isabel, which hit the US eastern seaboard with heavy wind and rain on 18 September, is estimated to have caused $1billion of insured property damage - significantly less than early forecasts.
  • A new $550mn capitalised (re)insurer is set to be launched later this year with backing from US private equity houses and management shipped in from Swiss Re, The Insider can reveal. Bermudian based Quanta Capital Holdings Ltd will provide fresh (re)i
  • Against the backdrop of US tort reform, some US insurers are lobbying to increase Equitas' burden of asbestos claims, warned Equitas’ new chief executive Scott Moser this month. Speaking at Equitas' annual meeting on 12 September, Moser applauded the
  • City stockbrokers Collins Stewart has threatened legal action against the Financial Times after the newspaper printed allegations of unsavoury business practices.