November 2011/1
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The International Insurance Society (IIS) has released its list of industry heavyweights for inclusion on the shortlist for its annual induction into the Insurance Hall of Fame
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With an increasing volume of data supporting a change in the direction of the US primary insurance market for 2012, a comprehensive forecast from Willis paints a picture of stabilisation across many lines of business.
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Dire conditions in the investment markets, capital management and growing loss creep were the dominant themes of the P&C (re)insurance sector's third quarter reporting season
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Lloyd's and international broker Thompson Heath & Bond (THB) looks set to hold onto the London placement of the AmRisk programme, even if it completes its sale to US wholesale broker AmWINS
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Brokers' share prices have all marched into positive territory in the past month, buoyed by the upbeat messages of improving market conditions and positive organic growth
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Flagstone Re may succeed in selling off its Lloyd's business in the first quarter of 2012, but it will largely depend on the continuing appetite of trade buyers and private equity firms
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Transatlantic Re has ignited yet another round of allegations and counter-allegations with hostile suitor Validus
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London market outsourcing partner hails significant progress in process reform in 2011 after a year of transition
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The Insurance Insider reviews the industry's largest catastrophe reinsurance programmes up for renewal at 1 January
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Run off acquirer and (re)insurance service provider Tawa has started litigation proceedings over disputed tax losses from its partial sale of CX Re in March 2006
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There has been a significant uptick in so-called Part VII restructuring activity in 2011 as (re)insurers rearrange their corporate and capital structures ahead of SII
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Besso chairman Michael Wade expected to announce his candidature as mid-month deadline for aspiring Council of Lloyd's members approaches
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A New York court has tossed out two mega-cases brought against US banks JP Morgan Chase and UBS that sought compensation for Bernard Madoff's colossal Ponzi scheme
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Lloyd's cautious stance ahead of Solvency II implementation and the soft market are being cited as reasons for the lack of 1 January syndicate start-ups
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Clive O'Connell, the former head of commercial risk and reinsurance at BLG, has left the organisation.
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The largest ever UK legal merger between Clyde & Co and Barlow Lyde & Gilbert (BLG) is causing rivals to face up to harsh realities
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The US Treasury department has announced the 15 members of the Federal Advisory Committee on Insurance. They include Brian Duperreault, president and CEO of MMC, and Lloyd's general counsel and director of North America, Sean McGovern.
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The protracted reform of the National Flood Insurance Program could face further delays due to the Senate's current legislative timetable.
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Tokio Millennium Re is set to offer medical malpractice as its next new line of business, The Insurance Insider can reveal
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A report by the US government spending watchdog has questioned whether regulators had suitable regard for minimising the cost to taxpayers in picking up the AIG tab
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Rebranded and upgraded reinsurer Sirius America Insurance Company (SAIC) is set to selectively offer insurance paper alongside its core reinsurance business, The Insurance Insider can reveal
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Finance ministers should not hinder the insurance industry's ability to support economic growth and development says the Geneva Association
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Brit Insurance is looking to write bigger lines and take up lead positions on programmes, The Insurance Insider understands
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Changes in global financial regulations could engrain unforeseen risk into the global (re)insurance sector, according to the Geneva Association
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Non-US reinsurers could be eligible for reduced collateral requirements under new laws unveiled by the National Association of Insurance Commissioners
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Soros withdraws from cat reinsurance; $713mn Horizon payout; TMR Best; $226bn cost; Buffett's modest creep; AIG payback; SeaBright cuts back...
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Investors in the top-lying tranche of the Mariah Re tornado cat bonds have lost more than 10 percent of their capital after a total loss on the lower-lying bond
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Collateralised reinsurers have significantly increased their participation on the giant California Earthquake Authority (CEA) 2012 reinsurance programme
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Oxygen closes for business and sells Robertson Taylor; Aon Benfield wins Lloyds Bank; £4bn RBSI back in favour; Price is right; David out, Davide in; Howden energy...
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A $125mn Residential Re offering from USAA and a $275mn Compass Re issuance from Chartis are poised to hit the market
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A trio of new cat bonds closed above their target, taking new issuance to $410mn at the beginning of Q4 and passing the $3bn mark for the year to date
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Lloyd's largest insurer intends to form a Special Purpose Syndicate (SPS) to offer flexible whole account quota share reinsurance to its flagship Syndicate 2003
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Reinsured losses from Tokio and Mitsui may reach $4bn alone as fears grow of $10bn top-end insured loss
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Zenkyoren will formally disclose to its 80+ reinsurers this month that its loss notification from the Great Tohoku quake is rising from 635bn yen ($8.4bn) to 790bn yen ($10.4bn)
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Why this confused and difficult market is giving talented underwriters more space than usual in which to differentiate themselves
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After the cats, regional insurers and mutuals seek 2012 QS support