April 2008/3
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Three people have been confirmed dead and 40 are missing after Typhoon Neoguri slammed into southern China at the weekend.
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The Financial Services Commission (FSC) of Gibraltar has appointed Michael Oliver as head of insurance.
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FGIC Corp is trying to woo investors to back a proposed new AAA-rated bond insurance business as it looks at strategic options in an attempt to secure its future.
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There is almost a 100 percent chance of a major earthquake in California within the next 30 years according to the latest findings from the US Geological Survey (USGS).
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Bermudian (re)insurers wrote $115.8bn in gross premiums in 2007 up from $100.7bn in 2006 despite falling rates, according to The Bermuda Monetary Authority (BMA).
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Lloyd's became the first admitted reinsurer in Brazil on 17 April despite doubts over whether the long-awaited deregulation would go ahead.
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Analysts and investors will scour XL Capital's first quarter financials tomorrow for further guidance on the Bermudian's exposure to the sub-prime fallout, as well as the potential impact from the spate of large risk losses hitting the sector in the perio
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Insurance Australia Group's (IAG) share price rocketed last week as the Australian insurer rebuffed a series of merger approaches from rival QBE Insurance with shareholders speculating that the firm is a prime candidate for takeover.
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China Re has opened its latest office in Hong Kong just days after it opened a representative office in London.
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US life reinsurer Reinsurance Group of America (RGA) reported a sixty percent drop in net income to $31.5mn, or $0.49 per diluted share for the first quarter of 2008, spurred by "poor claims experience" in the US and UK mortality markets.
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UK motor insurance rates will have to increase by approximately 20 percent for the sector to return to profitability, according to UK financial services firm AA's recent Insurance Index.
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The two former Marsh Inc executives who were found guilty in February of taking part in bid-rigging have been sentenced by a New York judge.
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