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  • Total payouts fall, but shrinking surplus and deteriorating solvency margin as balance sheet weakens
  • 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.
  • 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.
  • Lloyd’s (re)insurer Chaucer’s plans to merge its syndicates 587, 1084 and 1096 into one have met with a mixed reception.
  • Divided House likely to call time on Hatch plans as “best opportunity in a decade” slips away
  • Bermuda’s PartnerRe announced it was increasing its dividend to shareholders last week. The reinsurer has increased dividend payments every year since it was founded in 1983.
  • Despite recent warnings from some quarters over the wisdom of dabbling in credit derivatives, a report last week indicated a trebling of transactions for another area of risk transfer – weather derivatives.
  • Catastrophe specialist Cathedral Underwriting Ltd received an inaugural Best syndicate rating of A- (Excellent) last week as the rating agency paid tribute to the Lloyd’s insurer’s “excellent prospective operating performance and business profile.”
  • Lloyd’s have appointed barrister Jeremy Pinchin to the new post of Head, Reinsurance and Claims reporting to the Franchise Performance Director, Rolf Tolle.
  • UK insurer Royal & Sun Alliance (R&SA) announced today the sale of its US surplus lines unit, RSUI, for £72mn cash to Alleghany Insurance.