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Chaucer opens new international liability division
Lloyd's specialist (re)insurance group Chaucer Holdings has announced that its new international liability division is now accepting business.
10 December 2010
London market grows to record size
The London insurance market wrote a record £31.9bn ($51bn) in business last year, fuelled by the continuing resurgence of Lloyd's and the weak pound
10 December 2010
Guy Carpenter granted broking license in China
Reinsurance broker Guy Carpenter & Company has announced that it has been awarded the Wholly Owned Foreign Enterprise (WOFE) broking license by the China Insurance Regulatory Commission (CIRC).
10 December 2010
Ryan start-up acquires executive liability specialist Oakbridge
R-T Specialty (RTS) has continued to build out its US platform with the acquisition of executive and professional liability specialist Oakbridge Insurance Services.
10 December 2010
Lloyd’s promises more intrusive approach in 2011
Lloyd's insurers will face an increase in the frequency, level and formality of regulatory interventions, the Corporation's new 2011-13 strategy document shows.
09 December 2010
PartnerRe makes private $100mn buyback
Global reinsurer PartnerRe has bought back $99.5mn of its shares in a privately negotiated transaction with an institutional shareholder.
09 December 2010
AIG paves way for sell-down of US stake with recapitalisation plan
American International Group (AIG) has agreed a deal with the Federal Reserve Bank of New York (FRBNY) and US Treasury Department that will ultimately recapitalize the bailed out insurer and pay down the $20bn outstanding on its government credit line.
09 December 2010
Flagstone to buy out remaining Byrne interests for $105mn
Flagstone (Bermuda) Holdings Ltd has agreed to buy out the remaining shares in its parent Flagstone Reinsurance Holdings owned by companies associated with founding former chairman Mark Byrne for $91.9mn.
08 December 2010
Swiss Re upbeat on global economy despite investment challenges
Insurers will benefit from a bounce in the US and global economies next year as quantitative easing programmes continue to fuel demand, according to predictions from Swiss Re.
08 December 2010
Catlin Re Switzerland secures regulator’s approval
Catlin Re Switzerland has received approval from the Swiss Financial Market Supervisory Authority to operate as a reinsurance company.
08 December 2010
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