June 2008/5
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Paul Jardine, COO of Catlin Group, has been returned as chairman of the Lloyd’s Market Association (LMA).
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The Philippine ferry that sank in the devastating Typhoon Fengshen with more than 800 people on board was covered in the local markets, according to reports.
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French reinsurer SCOR has unveiled the launch of its latest hub in Singapore to serve the Asia-Pacific region.
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Benfield Group Ltd has appointed former RennaisanceRe president Bill Riker as a non-executive director.
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The auditors of failed UK insurer Independent Insurance have been fined £500,000 and ordered to pay costs of £1.15mn by the UK accountancy watchdog after a tribunal found the firm's conduct "seriously below the appropriate standard".
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Bermuda's financial services sector has seen little fall-out from the US sub-prime meltdown as the island's regulator released its annual report.
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Hawaiian governor Linda Lingle has signed a new law making the transfer of insurance-linked securities to the capital markets more efficient for captives.
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Swiss Re has obtained $150mn protection against North Atlantic hurricane, European windstorm, Californian earthquake, Japanese earthquake and Japanese typhoon through collateralised risk obligation (CRO) Vega Capital Ltd, as predicted by...
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Despite a "good year for the insurance industry" in 2007, the non-life sector faces considerable challenges, according to Swiss Re.
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Specialist UK broker THB Group plc has seen profits fall by an much as 40 percent in the 12 months to April, compared to the prior year despite more an earnings boost in the first half of that period.
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Marsh is dusting off the venerable Bowring name with the formation of a new international division, Bowring Marsh, which will bring together its international placement capabilities for property, terrorism and casualty risks.
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Ironshore Inc's expected acquisition of Chaucer's Pembroke division will bring the total number of Lloyd's insurer buyouts to three this year.