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  • Dutch insurer Aegon has announced a 16 percent increase in net profits for 2003 - the result, it said, of better performing stock markets and fewer bond defaults.
  • Embattled UK quoted reinsurer Alea Group Holdings (Bermuda) Ltd has cancelled a rescue fund raising plan following AM Best’s decision on 23 September to downgrade the firm’s financial strength rating from A- to B++.
  • Ex-Faraday CEO Nigel Barton and former Xchanging In-sure Services MD John Benjamin have announced the formation of a new brokerage for the London market. The new company, named Oxygen, will place specialty risks such as yacht cover, employers' liabilit
  • Embattled UK quoted reinsurer Alea Group Holdings (Bermuda) Ltd has cancelled a rescue fund raising plan following AM Best’s decision on 23 September to downgrade the firm’s financial strength rating from A- to B++.
  • Consultants Watson Wyatt has announced that it will establish an insurance and financial services consulting team based in Munich.
  • Margins up at Equitas On 12 September, Insider Week stated that Equitas’ insolvency margin had increased. This was incorrect. The opening paragraph of the story should have read: Equitas announced its annual results for the year ended 31 March 2005...
  • London headquartered reinsurance specialist BMS Group has appointed Andrew Harrris as the new chief executive of its Singapore based operation, BMS Asia Intermediaries Pte Ltd.
  • Bumper profits from Australia – this time with the news that QBE Insurance Group has doubled 2003 second half profits on the back of increased premiums, higher policy sales.
  • On 12 September, Insider Week stated that Equitas' insolvency margin had increased. This was incorrect. The opening paragraph of the story should have read: Equitas announced its annual results for the year ended 31 March 2005 last week, revealing...
  • Equitas announced its annual results for the year ended 31 March 2005 last week, revealing a rise of 2.4 percent in its insolvency margin.