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January 2014/4
  • Lloyd’s does U-turn on Dubai branch
    Lloyd's is planning a move into the Dubai International Financial Centre (DIFC) in a reversal of its previously sceptical approach to the building of overseas hubs.
    27 January 2014
  • BHSI makes first acquisition
    Berkshire Hathaway Specialty Insurance (BHSI) is set to complete its first acquisition since launching last year after agreeing a deal to buy MyAssist Inc and Insure America LLC from Noel Group.
    27 January 2014
  • Mortgage insurer MGIC increases reinsurance QS
    MGIC Investment Corporation has increased its reinsurance programme for a portion of its portfolio amid uncertainty over capital requirements for mortgage insurers and prospects for growth as the US housing market recovers.
    27 January 2014
  • AIG, Ace and Zurich among weakest claims handlers
    American International Group (AIG), Ace and Zurich were bottom-quartile performers on claims in 2013, according to a survey of claims brokers by Gracechurch Consulting.
    27 January 2014
  • Lloyd’s halved syndicate growth plans
    Despite record 2014 capacity, Lloyd's declined to approve more than half of the increase in planned premium income requested by managing agents
    27 January 2014
  • Mortgage insurer MGIC increases reinsurance QS
    MGIC Investment Corporation has increased its reinsurance programme for a portion of its portfolio amid uncertainty over capital requirements for mortgage insurers and prospects for growth as the US housing market recovers.
    27 January 2014
  • Turkish cat pool reinsurance renewal included increased ‘spread loss’ cover
    As well as increasing the limit and retention on its traditional cat treaty late last year, the Turkish Catastrophe Insurance Pool (TCIP) also bought additional cover on a private spread loss-style protection that sits below the programme, The Insurance Insider has learned.
    27 January 2014
  • 'No losers' as Florida clearing house goes live: Citizens
    Citizens Property Insurance Corporation's clearing house went live today, with its chairman Chris Gardner saying the move will leave no losers while reinsurers hope it will generate much-needed additional demand in the state.
    27 January 2014
  • News in brief
    Beazley and Hiscox team up on D&O; Korean Re eyes top 3; New model; Hampden changes; Berkshire D&O; AJ Gallagher hires; Aviva to QBE; Citizens launch; BHSI builds; Bermuda boom; IFG appoints; Modernising LMA; Downgrade risk; Kessler inducted; P&I club affirmed; Ace appoints; Outlook improving; Record 2013.
    27 January 2014
  • Willis merges US fac unit with Faber Global
    Willis has combined its US facultative arm with its global facultative operation as part of the ongoing restructuring since group CEO Dominic Casserley took the reins, sister title Inside FAC reported today (27 January).
    27 January 2014
  • Speare-Cole: Market ‘softening, not soft’
    The reinsurance market is certainly softening, but it should not be described as soft, according to JLT Towers Re CEO Alastair Speare-Cole.
    27 January 2014
  • Duperreault in London shopping for Lloyd’s businesses
    Hamilton Re CEO Brian Duperreault was in London last week talking to bankers about his ambition to acquire a Lloyd's (re)insurer
    27 January 2014
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