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  • Kaufman brings back Lochain Patrick
    US-based Kaufman Financial Group (KFG) has revived the Lochain Patrick name with a deal to buy marine and energy specialty broker Oval International and rebrand the firm.
    09 September 2014
  • Willis Re wins OCIL as Clark moves over
    Nigel Clark is set to re-emerge at Willis Re following his resignation as CEO of independent broker RFIB's Bermudian operations, The Insurance Insider can reveal.
    09 September 2014
  • Excessweather launches with £100mn facility
    Excessweather, a new managing general agency that provides indexed weather cover, has launched with an initial maximum line of £100mn, The Insurance Insider can reveal.
    09 September 2014
  • Chilton forms Capsicum Re Bermuda
    Former Benfield CEO Grahame "Chily" Chilton has established a Bermudian company for his start-up reinsurance broker Capsicum Re.
    09 September 2014
  • Third Point weighing up US reinsurer
    Hedge fund reinsurer Third Point Re is considering setting up a US company as the 2012 start-up looks to continue expanding its top line.
    09 September 2014
  • Volatility will catch out those retaining more risk: Endurance
    Insurers that have chosen to retain more risk in a benign claims period will be caught out when volatility returns to the industry, Endurance CFO Michael McGuire said at the 3-4 September Keefe Bruyette & Woods Insurance Conference.
    09 September 2014
  • AmTrust confident on $500mn Tower book despite deal doubts
    AmTrust is confident of holding onto the business assumed through its Tower Group renewal rights transaction, even if the beleaguered US insurer's sale to ACP Re doesn't go ahead.
    09 September 2014
  • ‘Business as usual’ at Skuld syndicate despite mass departures
    There is no change of strategy at Norwegian protection and indemnity (P&I) club Skuld's Syndicate 1897 at Lloyd's despite a recent run of underwriting departures, senior management has explained.
    09 September 2014
  • Mount Beacon launches in Florida with Citizens takeout
    Mount Beacon Insurance Company is the latest start-up to enter the Florida homeowners' market after securing $26.5mn of funding and receiving approval from the state's regulator last week, The Insurance Insider can reveal.
    09 September 2014
  • 2014 hurricane risk halved following quiet start
    More than three months into the North Atlantic hurricane season, the (re)insurance industry has almost ridden out half of the hurricane risk, based upon the historical data on storm timing.
    09 September 2014
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