March 2007/5
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Stephen Catlin, the founding chief executive of insurance group Catlin Group plc, is the headline speaker at The Insurance Insider's Capital Management Executive Briefing event next month.
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Xchanging is planning to raise up to £150mn in a planned April initial public offering (IPO) which could see the firm valued at over £400mn, Insider Week can reveal.
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Bermudian Flagstone Reinsurance Holdings Ltd is expected to make its debut on the New York Stock Exchange this Thursday (29 March) as the (re)insurer goes ahead with its long-awaited $202mn IPO.
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The insurance industry needs a real partnership between underwriters and brokers if it is to progress, according to Hiscox Ltd's chairman Robert Hiscox.
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Italian (re)insurance giant Generali disappointed analysts by failing to announce a special share buyback scheme despite reporting record net profits of EUR2.4bn for 2006, a rise of 25.3 percent.
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Lloyd's insurer Hardy Underwriting Group has revealed that it will stay in London, but that the possibility of moving to a low tax jurisdiction remains firmly in its sights.
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Reinsurance broker Benfield Group continues to bolster its Facultative Solutions teams after last year’s mass defection to rival Aon Corp.
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Managing agency CV Starr will be one of the underwriters for Lloyd's newly licensed Chinese reinsurance operation, it was revealed last week.
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Forecaster Tropical Storm Risk (TSR) has again raised its predictions for this year’s North Atlantic hurricane season.
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Lloyd's chairman Lord Levene, who has long campaigned for a lower corporate tax rate in the UK, endorsed the 2 percent cut made by Chancellor Gordon Brown in his final budget.
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The Bermuda-based energy mutual Oil Insurance Ltd will increase its aggregation limits for all risks to $750mn when the 2007 Atlantic hurricane season begins later this year.
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The spectre of asbestos returned to haunt reinsurance giant Munich Re as it revealed in its full annual report on 20 March a $600mn strengthening of loss reserves for related claims.
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