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Kafetz to head Lloyds Bank NY insurance operations
Major London market lender Lloyds Bank has announced that Seb Kafetz is to relocate to its New York office to head up its wholesale banking and markets insurance coverage division
24 April 2012
WR Berkley highlights ‘accelerating’ prices as profits increase
WR Berkley chairman and CEO Bill Berkley highlighted "accelerating" price increases as the US insurer net profits of $135.3mn, up from $115.6mn in the first quarter of 2011.
24 April 2012
QBE in Grip-led ‘exclusive’ US primary property cat drive with Aon
QBE is on an aggressive drive to grow its portfolio of US property business in an "exclusive" deal with Aon to write primary cat layers for the broker's clients.
24 April 2012
P&C stocks tumble as Eurozone blues return
Property & Casualty (re)insurance stocks fell sharply on Monday as the fallout from political events in core Eurozone economies and data on the continent's economies sapped further life out of the nascent equity market rally.
23 April 2012
Tower Group defends exec pay against shareholder proxy firm
Shareholder proxy firm ISS is once again wielding its power by advising stockholders in Tower Group to vote against the US insurer's executive compensation plan at its upcoming 3 May annual meeting.
23 April 2012
Tawa-Chiltington deal completes
London-quoted insurance services provider and run-off investor Tawa completed its acquisition of Hamburger Internationale Rück (HIR) last week after receiving the necessary regulatory approvals.
23 April 2012
R&Q and Ace battle to intensify
Randall and Quilter (R&Q) has denied a reinsurance liability linked to its 2006 acquisition of R&Q Re - formerly known as Brandywine - from P&C insurance giant Ace and said the ongoing dispute is likely to intensify.
23 April 2012
MF Global trustee files $700mn lawsuit with UK administrator
The trustee liquidating failed brokerage MF Global has announced plans to pursue a lawsuit over a dispute with the firm's UK division over the rights to $700mn of customer funds.
23 April 2012
R&Q share price falls after goodwill write-down
The share price of Randall & Quilter (R&Q) weakened after the firm's full-year results release last week contained a technical loss of £4.7mn, which was due to a previously announced £13.5mn goodwill impairment.
23 April 2012
Hartford to hand back $24mn to AD&D policyholders
Hartford has been ordered to credit $24mn back to 300,000 accidental death and dismemberment (AD&D) policyholders in New York following a settlement with state regulator the New York Department of Financial Services (DFS).
23 April 2012
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