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There are 68,949 results that match your search.68,949 results
  • Ascot slashes 2011 capacity
    Chartis-backed Lloyd's (re)insurer Ascot Underwriting has cut 2011 capacity in its Syndicate 1414 to £600mn, de-empting from its stamp of £700mn this year amid difficult soft market conditions.
    25 October 2010
  • Buffett eyes more of Munich Re as stake tops 10%
    Warren Buffett's stake in German reinsurer Munich Re has crossed the 10 percent threshold and the billionaire has said he may buy more, insisting that the investment is financial rather than strategic.
    25 October 2010
  • NY Exchange only given ‘modest chance’ by key supporter
    Don Kramer, one of the leading advocates of a revitalised New York Insurance Exchange, is increasingly bearish on its prospects of success.
    25 October 2010
  • Greenberg to face trial over sham reinsurance deal
    A New York judge has thrown out Maurice "Hank" Greenberg's attempts to dismiss a case holding him personally liable for damages arising from a sham reinsurance transaction that took place while he was running American International Group (AIG).
    25 October 2010
  • Athene in $628mn acquisition of Liberty Life
    Apollo-backed Bermudian life reinsurer and fixed annuities investor Athene Holdings has bought Liberty Life Insurance, a subsidiary of Royal Bank of Canada, for $628.1mn.
    25 October 2010
  • Reinsurers signal return of multi-year contracts as soft market bites
    The multi-year covers increasingly being offered by reinsurers offer further evidence of the sustained soft market's impact on underwriting conditions.
    25 October 2010
  • Hardy shares hold high after Beazley bid
    Hardy Underwriting has succeeded in holding on to the almost 20 percent share price bump it achieved after the revelation last week that it had rejected a £158mn approach by larger Lloyd's insurer Beazley.
    25 October 2010
  • Bank of America’s $2bn Balboa unit draws interest of US P&C giants
    Trade buyers - including US property and casualty giants Allstate and Travelers and Bermudian (re)insurer White Mountains - are thought to have entered the preliminary bid stage for Bank of America's (BoA) $2bn-valued Balboa Insurance unit.
    25 October 2010
  • Hedge fund P&C start-ups close to launch
    Two hedge fund-backed property and casualty (P&C) start-ups are close to defying the soft market by looking to launch later this year, according to (re)insurance entrepreneur Don Kramer.
    25 October 2010
  • Apollo-CVC set to finalise Brit takeover
    The takeover of Brit Insurance by Apollo and CVC is expected to close in the next 24 hours, with a formal offer now expected to coincide with the release of the (re)insurer’s interim management statement tomorrow morning (26 October).
    25 October 2010
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