November 2007/1
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FTSE 100 companies are reporting risk above and beyond what the UK's regulatory regime requires, according to research undertaken by broking giant Marsh Ltd.
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Lloyd's (re)insurance intermediary CRS is poised to finalise a number of deals in preparation for run-off.
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Validus Holdings-owned Talbot Underwriting has become the latest Lloyd's insurer to launch an Asian venture through the Corporation's Singapore platform.
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The board of Willis Group Holdings has approved a new $1bn stock buyback plan.
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Investors reacted positively to Aon's news last week that it is to impose a fresh restructuring that will lead to the loss of 2,700 jobs, the equivalent of 6 percent of its global workforce.
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Despite a general weakness in bancassurance business, Italian insurance giant Assicurazioni Generali has shown "solid" progress in its year on year nine month results.
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Guy Carpenter has appointed Nick Frankland as its new head of Europe following the departure of the long-serving Geoff Bromley earlier this year.
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The (re)insurance sector will watch developments in Bermuda with interest over the coming weeks after premier Ewart Brown called a general election for 18 December.
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Although Berkshire Hathaway reported a 64 percent hike in third-quarter net income late Friday (2 November), underwriting profits from its (re)insurance operation nearly halved, falling from $917mn to $486mn.
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The management of German giant Munich Re is confident that the firm will return record profits for 2007 after posting "excellent results" so far this year.
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Goldman Sachs' entry to Lloyd's with a syndicate for the 2008 year – exclusively revealed by The Insurance Insider today (5 November) - occurs against the backdrop of the capital markets' increasing appetite to assume (re)insurance risk.
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Marine, energy and P&I insurer Lingard Limited (Gard) has appointed former JLT Re partner Graham Everard as managing director of its Bermudian operations.
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Private equity firm General Atlantic is to sell another 15.23 million shares, or 7 percent of the issued share capital, in London market back office service provider Xchanging plc.
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Bermudian insurance start-up Ironshore Inc has made a significant step in its roll-out strategy with its acquisition of a US admitted insurer Stockbridge Insurance Company from Folksamerica Reinsurance Co.
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Australian (re)insurer QBE has rebranded its European operations which means the loss of the name of its Lloyd's (re)insurance arm, Limit.
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"Class of 2005" insurer Lancashire Holdings Ltd said the third quarter had been its "best yet" with net income of $105.2mn up 100 percent from $52.6mn in the prior-year period.
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Bermudian (re)insurer RenaissanceRe Holdings reported a third-quarter profit of $144mn, a decrease of 44.6 percent from the prior year period, driven by lower underwriting income, UK flood losses and a $36mn charge on investments hit by the sub-prime...
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Bermudian reinsurer Endurance Specialty Holdings has reported a small rise in income against a background of falling written premiums in the third quarter last week.
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Low catastrophe losses drove Bermudian (re)insurer Aspen Insurance Holdings Ltd to a record quarter, it reported on 1 November.
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Following a hearing in the UK High Court last week, Marsh Ltd will be forced to defend itself on charges of poaching a senior aviation team and confidential business information from rival firm United Insurance Brokers (UIB) in a trial scheduled to...
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Swiss Re, which reports its third quarter figures tomorrow (6 November) is expected to generate net attributable earnings of SFr1.01bn and pre-tax profits of SFr1.35bn - down from SFr1.55bn and SFr2.07bn respectively in the prior-year period...
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Shares in US insurance giant, American International Group Inc (AIG), continued its rollercoaster ride on the New York Stock Exchange last week, twice plumbing the depths of new 52-week lows as investor unease mounted over the group's sub-prime...
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Ratings agency Standard & Poor's (S&P) has warned that if rates in most classes continue at their present level beyond mid-2008, then it may downgrade the outlook for a number of industry sectors.
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London-based law firm Kendall Freeman has been looking for a partner for some time and so seasoned watchers were not surprised by its proposed tie-up with the US firm Edwards Angell Palmer & Dodge LLP (EAPD) that was announced late last month.