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March 2008/2

  • Bermudian (re)insurer Max Capital Group has purchased two seasonal maximum hurricane derivative contracts for North Atlantic and Florida wind on the Chicago Mercantile Exchange (CME) which are based on the Carvill Hurricane Index (CHI).
  • Benfield has lost part of the prized Amlin reinsurance account to rivals Aon and Guy Carpenter, The Insurance Insider understands.
  • Shares in XL Capital have continued their steady decline as doubts linger over the Bermudian's sub-prime related exposures and its long-term strategy and leadership.
  • Investors looking beyond capital repatriation for share price momentum when 2007 results are published
  • A New York-based hedge fund is continuing its counterclaim against Fairfax Financial Holdings, accusing it of avoiding paying $400mn in taxes, despite a judge dismissing it from the Canadian firm's racketeering lawsuit.