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Businesses within Asia still see themselves as being apart from the global market, says Christopher Ho, chairman and chief executive of Axa Re Asia Pacific.

http://www.reactionsnet.com/default.asp?Page=16&SID=450654&ISS=11361

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• Bermudian insurance group XL Capital says that its second-quarter 2005 results will be hit by a $191m pre-tax increase in net reserves for its North American reinsurance operations. The after tax charge is $183m, or $1.31 per ordinary share.

http://www.reactionsnet.com/default.asp?Page=2&PUB=86&ISS=17570&SID=523863