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Latest News From Insider Week |
9 July 2008 |
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Key Industry News |
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Another Lloyd's insurer up for sale
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As the M&A winds continue to bluster through EC3, Bermudian-headquartered reinsurer Imagine Group Holdings Ltd's syndicates have emerged as the latest target for international (re)insurers interested in acquiring a Lloyd's platform. |
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Q2 cat losses top $6bn
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After record first quarter large-risk losses of over $6bn, (re)insurers have been hit with second quarter catastrophe losses of
at least $6.25bn, the worst for 20 years, The Insurance Insider has learnt... |
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Key quartet quit Heritage
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Heritage Underwriting Agency plc - bought by Argonaut Group International Holdings earlier this year - has been hit by the sudden departure of a group of senior executives led by Nick Jones, who heads up its... |
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EC3 stocks get that sinking feeling
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Plummet is often an overused term but it fairly describes the share prices of many of the Lloyd's insurers which are continuing to endure a torrid time on the back of the weakening economic outlook...
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ILS market now open for smaller (re)insurers
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In the latest insurance linked securities (ILS) structuring innovation, Deutsche Bank is marketing a new trigger mechanism, which aims to streamline ILS issuance and open up the market to smaller sponsors, The Insurance Insider can reveal.
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