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  • Liberty Syndicates, the Lloyd’s arm of US giant Liberty Mutual, is set to announce the formation of a Paris office as it gears up to expand its Continental business. According to sources, the managing agent of Syndicates 190 and 282 will soon open a Pa
  • Quoted Lloyd's insurer Hiscox plc announced bullish trading figures on 21 August and took the opportunity to resolve the growing uncertainty over its World Trade Center provisions. The insurer announced it was increasing its WTC loss reserves for the s
  • Lloyd's managing agency Abacus is planning to launch a new professional indemnity (PI) syndicate with former PRI underwriter Andy Dore at the helm. Abacus Syndicates Ltd, backed by members' agent CBS, currently manages Syndicate 2525, with 2003 capaci
  • Introducing a new column about the Russian insurance industry (“Dancing with bears”), John Helmer begins by analysing AIG’s investment funds ... A notable French medical researcher recently conducted an experiment with the drug Viagra on twelve men, wh
  • Cost base will reduce in 2004 as Lloyd’s responds to investor pressures Lloyd’s is set to lower the levies it charges capital providers in response to calls that its fee structure is making the market uncompetitive against some of its rivals. The S
  • In an August report, Hartford Investment Management Company - a subsidiary of US insurer The Hartford Financial Services Group - counselled against complacency over inflation.
  • Although the power outage that affected much of New York, the Eastern United States and Canada will inevitably result in losses to the insurance industry, they are unlikely to be significant. This was the analysis of Morgan Stanley insurance analyst W
  • Canadian broker Hub International Ltd has stepped in to purchase Near North National Group weeks after Near North’s management agreed the sale to private equity firm Frontenac.
  • Shares in US casualty specialist WR Berkley are again close to its 3 July 52 week high of $54.02 after the insurer unveiled consensus beating half yearlies.
  • US insurer St Paul announced last Friday the second quarter earnings impact of a previously disclosed surety exposure. The charge will amount to $86mn pretax and $56mn after tax, equivalent to $0.23 per diluted share.