January 2008/3
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The US did not "dodge a bullet" in the 2007 hurricane season, by escaping with minor damage from the landfall of Hurricanes Dean and Felix, according to risk modelling firm AIR Worldwide Corporation (AIR).
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Trading Risk, the new publication from the publishers of The Insurance Insider and Insider Week, launches tomorrow (15 January).
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UK executives have been warned about the impact US plea bargains could have on indemnity and directors’ and officers’ (D&O) insurance.
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Recently merged New York law firm Dewey & LeBoeuf LLP has opened an office in Dubai, with a primary focus on corporate finance.
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Lloyd's (re)insurer RJ Kiln & Co has strengthened its international network of marine and cargo business with the acquisition of The International Marine (Underwriting Agency) Limited (IMUA).
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Reinsurance broker Guy Carpenter is to set up an office to capitalise on the growing central and eastern European market.
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Bermudian corporate asbestos liability risk reinsurer St George Re is set to begin trading offering US companies protection against asbestos claims, the company confirmed.
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Former General Re senior vice president Richard Napier has lifted the lid on the allegedly sham finite reinsurance deal with American International Group.
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Ex-Heath Lambert executive Hugh Champion has taken up his new post as director of rival broker RFIB Group Ltd, after leaving the up-for-sale broker last year.
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Run-off (re)insurer Alea Group Holdings has agreed to "fully and finally" commute all exposures under an excess-of-loss reinsurance treaty which will see the firm record a net loss of around $8.8mn in the 2007 fourth quarter.
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Aon Corporation has made another significant US construction hire from rival Willis with the appointment of Mary Ann Krautheim as national client strategy officer.
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Angus Simpson has resigned as managing director of London market broker Glencairn Ltd after 10 years at the firm.
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