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Willis: no end in sight for soft aviation market
The airline insurance market remained stable as no dramatic changes occurred to alter market drivers, broker Willis said in its Airline Insight report
13 July 2011
NFIP reform bill clears first hurdle
The reform of the National Flood Insurance Program overcame its first hurdle yesterday after lawmakers in the US House of Representatives passed legislation aimed at overhauling the 43 year old programme
13 July 2011
‘Validantic’ would be property cat reinsurance giant
Any impression that Allied World would succeed in getting its deal with Transatlantic Re done without competition was exploded after market close yesterday when Validus revealed that it had tabled what it called "a superior offer"
13 July 2011
Solicitors’ PI market to harden on rising pool costs
Market-leading broker Lockton expects UK solicitors' professional indemnity (PI) rates to harden by 10 percent on average this year as the rising costs of the Assigned Risk Pool (ARP) weigh on profitability
13 July 2011
Validus swoops with $3.5bn offer for Transatlantic Re
Validus has made a cash and share offer that values Transatlantic Re at around $3.5bn - over $300mn more than the Allied World offer recommended to shareholders last month
13 July 2011
Tokio Millennium Re to post just 10% collateral on NY business
Tokio Millennium Re (TMR) has been approved by the New York Insurance Department to write business for cedants domiciled in the state at lower collateral requirements.
13 July 2011
Talbot scores £15,000 victory against former Arsenal keeper
Lloyd's insurer Talbot has seized almost £15,000 from former Arsenal goalkeeper Jens Lehmann after securing a court order following the player's failure to pay the premium on a contingency policy
12 July 2011
Cypriot explosion looks like EUR600mn reinsurance loss
An explosion that destroyed the Vasilikos power station in Cyprus is set to be a EUR600mn ($840mn) loss for the international reinsurance market, The Insurance Insider can reveal.
12 July 2011
Chilton to head Aon Benfield Fac
Grahame Chilton, the former CEO of Benfield Group, is to become chair of Aon Benfield Fac - the industry's largest facultative reinsurance intermediary - following the departure of Elliot Richardson in late May
12 July 2011
AmWINS in exclusive takeover talks with THB
US wholesaler AmWINS is in the advanced stages of takeover negotiations with AIM-listed London market broker Thompson Heath & Bond (THB), The Insurance Insider can reveal
12 July 2011
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