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Clyde & Co picks Payton successor
Clyde & Co has appointed James Burns as its next senior partner. He will replace London market legal veteran Michael Payton, who spent 30 years at the helm
23 January 2013
Sandy impact muted as Fitch predicts 95% Bermuda CR for 2012
Bermudian (re)insurers should emerge from Superstorm Sandy relatively unscathed and report an improved combined ratio of 95 percent for 2012, according to Fitch
23 January 2013
Catco unaffected by new PCS Sandy loss estimate
Catco has held its Sandy loss forecast steady after PCS increased its loss estimate for the event to $18.75bn
23 January 2013
AmTrust agrees to buy Sequoia Insurance for $60mn
AmTrust Financial Services has agreed its second deal of the year as the acquisitive US insurer revealed today it is set to buy Sequoia Insurance Company and its operating subsidiaries for around $60mn.
23 January 2013
Travelers trades up on earnings beat and sector prospects
Shares in Travelers' traded up this morning in New York as the US insurance giant smashed Wall Street earnings forecasts.
22 January 2013
Argo sells Lloyd's legacy business to Enstar's Shelbourne
Bermudian (re)insurer Argo has written to its capital providers to confirm it has agreed to cede the 2009 and prior-year reserves of the Heritage Syndicate, which it acquired in 2008.
22 January 2013
NAIC names former senator as CEO
US regulator the National Association of Insurance Commissioners (NAIC) has chosen former Nebraska senator Ben Nelson as its CEO
22 January 2013
Sandy halves Travelers' net income but underlying results improve
Travelers' net income for the fourth quarter was halved to $304mn as $1.02bn of pre-tax net losses widened the combined ratio by 9.5 percentage points on the prior-year period.
22 January 2013
Supreme Court to review Stanford-Willis suits
The US Supreme Court said it will assess whether class action lawsuits accusing Willis and two law firms of assisting in Allen Stanford's $7bn Ponzi scheme can proceed
22 January 2013
Antares strategic process fizzles out
The strategic process launched by Antares' backers last year looks set to end without a change to the company's equity ownership, this week's edition of The Insurance Insider has revealed
22 January 2013
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