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January 2008/1
  • SCOR renews major PI contract with MDU
    One of Converium Holding AG's key business partners when it attempted to fend off SCOR SE's early advances in what became a successful takeover has shaken hands with the French reinsurer over a 10-year agreement.
    07 January 2008
  • HCC confirms new $24mn Lloyd’s syndicate
    US insurer HCC Insurance Holdings Inc has confirmed the launch of a new wholly aligned Lloyd's syndicate to write business on behalf of its latest acquisition, Indiana-based MultiNational Underwriters (MNU).
    07 January 2008
  • Ark and Hiscox sidecar syndicates go live
    A duo of proposed special purpose syndicates (SPS) to provide quota share reinsurance to Ark Syndicate 4020 and Hiscox Syndicate 33 respectively have gone live for the 2008 year, Insider Week can reveal.
    07 January 2008
  • Glacier Re to form London platform
    Swiss-headquartered reinsurer Glacier Re is poised to launch a London underwriting platform later this year to write insurance business, Insider Week can reveal.
    07 January 2008
  • Gen Re finite reinsurance trial begins
    The criminal trial of four former General Re executives and an ex-American International Group (AIG) employee is set to start today (7 January) in a Connecticut court.
    07 January 2008
  • Glaser makes mark with Marsh reshuffle; activist shareholder looks on
    Marsh Inc made its second management reshuffle in a matter of months last week as new CEO Dan Glaser stamped his authority on the ailing broking giant with an organisational restructure to "improve efficiencies".
    07 January 2008
  • CEA buys $500mn earthquake cover under new Redwood bond
    The California Earthquake Authority (CEA) has once again returned to the capital markets with a $496mn continuation of the Redwood series of cat bonds.
    07 January 2008
  • R&Q appoints ex-Wellington executive
    Recently listed UK run-off firm Randall & Quilter Investment Holdings (R&Q) has appointed ex-Wellington executive John O'Neill as chief operating officer of its UK Insurance Services Division.
    07 January 2008
  • QBE announces $146mn acquisition of North Pointe
    Fast growing QBE is to expand its US presence after signing an agreement to acquire North Pointe Holdings Corporation for $146mn.
    07 January 2008
  • New German insurance law puts emphasis on consumer rights
    The new version of the German Insurance Contract Law came into force on 1 January 2008 placing more emphasis on consumer rights and information.
    07 January 2008
  • APC Underwriting signs 'unique' Lloyd's contract
    Commercial insurance underwriting agency APC Underwriting has signed a "unique" contract within Lloyd's, which combines property, combined liability, professional indemnity, directors' & offices' (D&O) and legal expenses.
    07 January 2008
  • Insurance law firms complete merger
    Insurance specialists Edwards Angell Palmer & Dodge LLP (EAPD) and London-based Kendall Freeman have completed their merger.
    07 January 2008
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