July 2006/1
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Liberty Syndicates – one of the largest Lloyd’s (re)insurers – has parted company suddenly with its managing director Sean Dalton and head of underwriting Andrew Elliot, The Insurance Insider can reveal.
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UK general insurer Aviva plc revealed today (7 July) that it is in talks with AmerUs Group over the potential acquisition of the $2.3bn or £1.3bn valued US life insurer.
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New York based Tower Group Inc revealed on 6 July that it will write down $5.4mn on its balance sheet after commuting its outstanding liabilities with the near-defunct Bermudian reinsurer, PXRE Group.
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Jardine Lloyd Thompson Group plc – the broking group in talks to take-over UK rival Heath Lambert Group – is to appoint a new finance director.
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French (re)insurer SCOR has agreed to buy German life reinsurer Revios in a $775mn transaction.
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ACE Ltd has finally received approval from the Pennsylvania insurance commission to spin-off some of its asbestos-riddled subsidiaries to the UK run-off company, Randall & Quilter Investment Holdings Ltd.
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UK-listed broker Jardine Lloyd Thompson Group plc (JLT) has confirmed in a short statement to the London Stock Exchange this morning that talks are ongoing with rival Heath Lambert Group over a potential takeover.
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UK-quoted Hiscox Insurance Co has appointed Callum Taylor as Directors & Officers (D&O) underwriting manager.
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The Financial Service Authority (FSA) published reports last week on "better regulation" and the associated costs as it seeks to improve and streamline its activities.
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Bermudian-headquartered reinsurer Imagine Group Holdings is heading towards a 2007 court battle with its former president and founding chief executive Brad Huntington.
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Start-up UK insurer Novae Insurance Company Ltd, which is part of newly rebranded Novae Group, started trading today (3 July).
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Two Lloyd's syndicates have suffered downgrades from agency Standard & Poor's (S&P) as it conducts its latest Lloyd's Syndicate Assessment (LSA) review.
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Rating agency Standard & Poor's (S&P) has described the old and "much-maligned Lloyd's accounting and reporting regime" as superior to the GAAP system imposed last year.
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Bermudian (re)insurer Allied World Assurance Co (AWAC) is set to continue its capital building strategy after its forthcoming initial public offering (IPO) with the issue of $500mn senior notes.
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Bermudian (re)insurer Allied World Assurance Company (AWAC) has appointed Susan Morgan as its senior vice president of Ceded Reinsurance.
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Endurance Worldwide Insurance Limited, the London operation of the Bermudian (re)insurer Endurance Specialty Holdings, has gone live with Wildnet’s Wild Certainty system.
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Lloyd's broker RFIB Group has recruited a new energy team as it seeks to build its presence in the sector.
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Political risk reinsurers need a boost in capacity from both the capital markets and traditional reinsurance markets, according to a report by broker Willis Re.
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World's largest reinsurer Swiss Re announced last week that it has completed the sale of its stake in specialist financial services investment bank Fox-Pitt, Kelton (FPK) to its employees and a consortium led by hedge fund investor JC Flowers & Co.
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Failed (re)insurer GoshawK last week released its 2005 preliminary results, revealing an after-tax loss of $140mn and warning that further deterioration in Hurricane Wilma losses would not be covered by its reinsurance protection.
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Mark Cloutier, the head of run-off at the defunct reinsurer Alea Group Holdings, will replace Marc Ricciardelli as the company chief executive from 1 September.
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Bavarian-based (re)insurance giant Munich Re moved a step closer to restoring its once cherished double A rating last Tuesday (27 June), with the news that Standard & Poor's (S&P) had revised its outlook on the company's A+ rating from stable to positive.
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A memorial service for the victims of the 7/7 2005 terrorist bombings in London will be held in the City on Friday 7 July.
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US insurer HCC Insurance Holdings Inc has acquired Indianapolis-based Novia Underwriters for an undisclosed sum.