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There are 68,953 results that match your search.68,953 results
  • Willis sidesteps Gras Savoye obligation; frees cash
    In a deal with European private equity firm Astorg Partners unveiled last week, Willis neatly avoided the $400mn sword of Damocles that has hung over the company's balance sheet in the form of a financial obligation to consolidate its French broking affiliate Gras Savoye.
    24 November 2009
  • JLT loses senior energy exec to Alesco
    JLT energy broking partner Paddy McMurray is to join acquisitive international wholesale energy broking venture Alesco, The Insurance Insider has learned.
    24 November 2009
  • Swiss Re doubles size of two cat bonds to $195mn
    ILS pioneer Swiss Re has increased the size of its Vita IV extreme mortality cat bond to $75mn and its Successor X US wind and quake transaction up to $120mn, due to investor demand.
    24 November 2009
  • Navigant set to close (re)insurance service line
    In a key example of the challenges service providers have been posed by the global economic downturn, Navigant Consulting's (re)insurance service line is set to be discontinued in the coming months.
    24 November 2009
  • Flagstone’s Montana Re cat bond upsizes to $175mn
    Flagstone Re's US wind and quake cat bond Montana Re has increased in size by $55mn to $175mn during the marketing phase, with high investor demand pushing pricing to the low end of guidance, our sister publication Trading Risk has learned.
    24 November 2009
  • London Club toes P&I line with 5 percent hike
    Shipowner mutual the London P&I Club will push for a 5 percent annual premium increase, as the P&I sector finds its feet after the 2008 financial crisis and members grapple with the world trade slump.
    24 November 2009
  • Scor to appeal Spanish fine
    Scor said last week it will appeal a EUR18.6mn fine levied by the Spanish National Commission for Competition for allegedly participating in a cartel that fixed prices for construction defect insurance in Spain.
    24 November 2009
  • Report puts FRNY in firing line over AIG bailout
    US financial watchdogs have heaped further criticism on the Federal Reserve Bank of New York (FRNY) for its handling of last year's near-collapse of American International Group (AIG).
    24 November 2009
  • State Farm faces $310mn Texan bill
    US national insurer State Farm's Texan subsidiary, State Farm Lloyds (SFL), was ordered last week by the state's insurance commissioner, Mike Geeslin, to repay home insurance policyholders $310mn in excess charges that go back six years.
    24 November 2009
  • Microinsurance sector hears growth predictions
    The market for microinsurance - insurance for low income individuals in the developing world - has the potential to reach as many as 3 billion people and generate premiums of up to $90bn, although it won't happen overnight.
    24 November 2009
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