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Long takes reins from Kelly at Liberty Mutual
Liberty Mutual Group CEO Edmund Kelly is retiring later this month with widely tipped successor David Long stepping into the role.
10 June 2011
Energy insurance buyers ‘not happy’ with industry
Risk managers in the energy industry are "not happy" with the way iinsurers have responded post-Macondo and there is a danger they will become disaffected, the chairman of Gallagher International warns
09 June 2011
Bolt threatens to end Lloyd’s offshore liability underwriting
Lloyd's performance management director Tom Bolt has warned that he is "intuitively" disposed to reject all syndicate business plans that propose writing offshore energy liability
09 June 2011
Sidecar veteran 'bemused' by their sudden return
Mark McComiskey, managing director of private equity firm First Reserve, is surprised by the sudden frenzy of interest in new sidecar initiatives following the roll-call of major cat losses over the past 16 months
09 June 2011
Guy Carp appoints new Pacific CEO
Guy Carpenter has appointed Jonathan Stephenson as managing director of its Australia operations and CEO of its Pacific region
09 June 2011
UK risk managers told markets are still soft
Excess capacity is continuing to exert downward pressure on commercial rates - despite the colossal catastrophe losses suffered by the global insurance industry, delegates at Airmic's 2011 conference in Bournemouth were told yesterday (8 June)
09 June 2011
PartnerRe raises $325mn in preferred share offering
PartnerRe has become the latest Bermudian reinsurer to raise capital to take advantage of the improving rating environment
09 June 2011
Continued low interest rates may force RoE rethink
(Re)insurers may have to reassess long-term return targets in light of the sustained low interest environment.
09 June 2011
Regulatory threat remains strong: McGavick
The (re)insurance industry continues to face the threat of punitive regulation that could force it to carry more capital as a result of the fall-out from the financial crisis.
09 June 2011
London’s kingmaker agrees to its own takeover
Lexicon Partners, the corporate advisory firm that has shaped much of the London market through a decade of M&A, has merged with the larger US outfit Evercore Partners Inc
08 June 2011
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