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No retro turn yet, says Greenlight Re
Hedge fund-backed reinsurer Greenlight Re says it is holding its retro capacity in reserve as it reported a $43mn net loss for the quarter.
11 May 2011
UK broker trade bodies announce merger discussions
The British Insurance Brokers' Association and the Institute of Insurance Brokers are in formal merger negotiations, the two bodies have announced
11 May 2011
Australian cat tally reaches A$3.6bn
Industry insured losses from the Queensland floods and Cyclone Yasi have reached A$3.6bn, according to the Insurance Council of Australia (ICA).
11 May 2011
AIG confirms scaled-down $10bn stock sale
AIG has confirmed that a $10bn share offer is underway as the US government begins to exit its stake in the firm.
11 May 2011
AIG board to make decision on share offering
AIG's board of directors is set to meet later today (Tuesday 10 May) to decide whether to go ahead with a share offering of stock held by the US Treasury, according to reports.
11 May 2011
Missouri tornadoes could impact Mariah Re cat bond rating: S&P
Standard & Poor's has warned losses from tornadoes that hit Missouri late last month could impact the rating on Mariah Re, the thunderstorm cat bond issued by American Family Mutual Insurance last autumn.
10 May 2011
BP doubles captive loss limit after $590mn Deepwater hit
BP has more than doubled the insured event limit and increased its gross written premiums to around $2bn after taking a $590mn hit for the Deepwater Horizon oil spill
10 May 2011
Keeling resigns as Guy Carp International CEO
Guy Carpenter International's president and CEO Henry Keeling has resigned almost two years after he took the job, The Insurance Insider can reveal
10 May 2011
AHJ boss Price relinquishes CEO role
Hugh Price has stood down as CEO of London reinsurance broker Alwen Hough Johnson (AHJ), although he will continue as executive chairman, The Insurance Insider can reveal
10 May 2011
Chaucer shareholders to receive takeover circular next week
Chaucer chairman Martin Gilbert has written to shareholders telling them that they will receive a detailed circular on the proposed takeover by The Hanover.
10 May 2011
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