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  • 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.
  • The Financial Services Authority has responded to fears that companies and individuals are insuring themselves against fines for misconduct by proposing to ban the provision of such cover.
  • Reinsurance brokers RK Carvill look set to lose a prime $30mn brokerage account after their clients XL Capital put the contract out to tender to three rival firms.
  • Bermudian (re)insurer Everest Re reported a striking increase in net income last Tuesday, the second quarter up 105.1 percent to $109.6mn from $53.4mn last year.