May 2008/4
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Bermudian-headquartered reinsurer PartnerRe Ltd is to issue $250mn in a bid to repay debt.
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US insurer The Travelers Cos Inc has said that a "fine tuning" of its projected investment income should see operating earnings at the lower end of previous forecasts this year.
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Lloyd's insurer Heritage Underwriting Agency plc, which was acquired by Bermudian Argo International Group earlier this year, has maintained its previous forecasts on its Lloyd's syndicates.
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Shrugging off a number of downbeat trading statements from rival Lloyd's insurers, Omega Insurance Holdings Ltd said last week that it is confident about its 2008 performance following a strong quarter.
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The recent devastating earthquake in China's Sichuan province will cost the country's insurers a mere $43mn, according to the China Insurance Regulatory Commission (CIRC).
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Andreas Loucaides has resigned from Catlin Insurance Company UK Ltd after four years as its CEO.
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The private equity backed run-off insurers Seaton Insurance Co and Stonewall Insurance Co have appealed against a decision earlier this month in a New York court which prevents them from pursuing a claim against a Randall & Quilter (R&Q) affiliate in the
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The Texas Windstorm Insurance Association (TWIA) is set to buy $1.5bn in reinsurance cover with this year's North Atlantic hurricane season only days from its official start.
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There are thought to be around six to seven serious bidders in the running for Royal Bank of Scotland's insurance operations (RBSI) as the deadline for the first round of bids closes tomorrow.
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"Class of 2005" reinsurer Flagstone Reinsurance Holdings and Swiss headquartered reinsurer Glacier Re have cat bonds totalling $300mn in the capital market awaiting pricing, The Insurance Insider can reveal.
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The UK's Financial Services Authority (FSA) may call time on its "light touch" after reviewing its position following fall-out from the credit market turmoil.
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The investigation of American International Group's (AIG) former chairman and CEO Hank Greenberg over his alleged role in the controversial finite reinsurance transaction that was used to boost the firm's earnings also includes a second deal, according to