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RFIB appoints new CEO
London market broker RFIB Holdings has announced the appointment of Marshall King as CEO.
23 July 2009
Brit launches Gibraltar captive reinsurer
Brit Insurance Holdings plc is to form a Gibraltar based protected cell reinsurer which will provide reinsurance to the UK insurance group.
24 September 2007
Mixed fortunes in monoline sector
The future for XL Capital affiliate Security Capital Assurance (SCA) looks untenable, as shares in the monoline insurance company plummeted to a 52-week low of just 67 cents.
10 March 2008
Lloyd's Act revision comes into force
Legislation to reform the Lloyd's Act 1982 officially came into force last week (19 November) in a move that the UK government said will modernise the operation of the world’s oldest insurance market.
24 November 2008
Scor draws on EUR75mn contingent capital as Q1 cat bill rises
French-headquartered reinsurer Scor will draw down the first EUR75mn tranche of its contingent capital credit line from investment bank UBS after lifting its first-quarter catastrophe loss estimates by EUR10-15mn.
05 July 2011
AIG shares surge on CEO optimism
Shares in troubled American International Group (AIG) have rallied strongly following positive remarks from incoming CEO Robert Benmosche...
24 August 2009
Investor concern over AIG sub-prime exposure
Stock in US (re)insurance giant, American International Group Inc (AIG) plummeted by nearly 10 percent in a day on Thursday (25 October), as worries about its exposure to the sub-prime mortgage market mounted.
29 October 2007
IPCRe downgrade sends diversification warning
Last week’s shock decision by Standard & Poor’s (S&P) to downgrade IPCRe from A to A- has been questioned in some quarters and sent out a strong message to peers with a focus on volatile catastrophe reinsurance business.
23 April 2007
Advent shares slide as cat losses bite
Lloyd's (re)insurer Advent Capital Holdings plc share price fell by over 5 percent in early trading after revealing the extent of the year's heavy catastrophe claims.
28 July 2008
Hannover ups forecast following 3Qs; shares fall
German reinsurer Hannover Re reported a “gratifying” third quarter result in which the group posted net income of EUR123.5mn.
14 November 2006
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