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Company Example A

Overview
Content
Data

Company type

Insurance-Linked Securities (ILS) and Investment Managers

Miscellaneous

Founded
1896

Major offices

Zurich, CH (headquarters)
Nassau, BS

Officers

Smedley MacGuffin (CEO)

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68681 results
  • The 2010 hurricane season was a "gentle giant" for the key US (re)insurance market, according to Jack Hayes, director of the US National Oceanic and Atmospheric Administration (NOAA)'s National Weather Service.
  • Markel Corporation said its chairman and CEO Alan Kirshner is to undergo medical treatments that may lead to his absence from the US insurer's offices for most of December and January.
  • Investment bank Goldman Sachs has brought the first health insurance related risk to the insurance-linked securities (ILS) market with the proposed $200mn Vitality Re securitisation for new sponsor Aetna Life Insurance.
  • Specialist broker Cooper Gay has restructured its London market reinsurance operations after the departure of Jim Summers, the CEO of the company's UK and Lloyd's arms.
  • US specialty insurer WR Berkley's specialist underwriting unit, Berkley Oil & Gas, has signed up a Dallas managing general underwriter, JH Blades & Co/Swett & Crawford, to underwrite control of well, general liability and umbrella insurance on its behalf.
  • First-round bids for American International Group (AIG)'s Taiwanese life business Nan Shan will be called for in early December, according to reports.
  • Jamaica will take up rainfall cover under the Caribbean Catastrophe Risk Insurance Facility (CCRIF) by the end of January next year, adding to its hurricane and earthquake cover from the fund.
  • The Lloyd's market is well ahead in its efforts to prepare itself for the introduction of Solvency II in two years time, according to a roundtable discussion at the Xchanging London Market Conference last week (25 November).
  • Apollo-CVC consortium Achilles is targeting a minimum annual return of £100mn from its investment in Brit Insurance, the official offer document suggests.
  • Lloyd's insurer Jubilee will stop writing motor business in 2011, with Chartis subsidiary Ascot picking up the renewal rights.