February 2008/2
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DE Shaw-backed $250mn start-up gets A- rating; AM Best affirms New Castle Re; Banks consider bond insurer bailout; SCOR free of monoliner exposure...
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ECF figures improve after re-audit; P&I reinsurance structure static, but costs rise; Lloyd's capacity static for 2008; THB finalises PWS deal...
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Recently listed legacy specialist Randall & Quilter Investment Holdings plc (R&Q) is to release £11mn in capital from its Chevanstell Ltd run-off.
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A New York court has recognised the jurisdiction of the UK courts in the insolvency of run-off insurer Highlands Insurance Company (UK) Ltd.
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Despite what some believe is over-capacity in the sector, Alea chief Mark Cloutier is confident that by setting up the latest reinsurance-to-close (RITC) syndicate at Lloyd's...
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MGA Euro International Underwriting Ltd underwriter Christopher Henton, who was banned from operating over his "dishonest involvement" in the notorious Sphere Drake managing general agent (MGA) was...
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The jury in the trial of four former Gen Re and an ex-American International Group (AIG) executive charged with transacting an allegedly sham finite reinsurance contract between the two firms is due to retire in mid-February.
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David Bedford, director of Lloyd's broker ESR Insurance Services Limited (ESR), has been arrested and released on bail without charge in connection with a police investigation into an alleged fraud for millions of pounds.
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Concord Re, the $730mn sidecar established by American International Group's (AIG) subsidiary Lexington Insurance Company in 2006, has been non-renewed for 2008, as predicted by The Insurance Insider last year.
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Aon Corp has hired former Max Re chief executive Bob Cooney as managing director of its Capital Markets division, the unit which provides structured finance and capital markets products to the (re)insurance industry.
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Risk modelling firm Risk Management Solutions (RMS) is launching a series of natural catastrophe indices for US wind and quake, and European windstorm under the banner Paradex.
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In January, IFEX saw trading volumes increase and added depth to the market with the partnership of Swiss Re as market maker.