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Hannover Re entry subdues UK solicitor's PI rate increases
UK solicitors firms are seeing rate increases of between 10 and 20 percent at the 1 October renewal of their professional indemnity (PI) insurance contracts, according to leading brokers.
28 September 2009
Axis hires former Bowring Marsh CEO
The outgoing chief executive of Bowring Marsh, Mark Gregory, is to become CEO of Axis Global's specialty lines division, The Insurance Insider revealed last week.
28 September 2009
Floridian and Bermudian authorities sign memorandum
The Florida Office of Insurance Regulation and the Bermuda Monetary Authority have signed a Memorandum of Understanding (MOU) committing both parties to work together to share information and co-ordinate regulatory activities.
28 September 2009
News in brief
Amlin scrums down for three-year European sponsorship deal; Crawford and Kennedys launch latest claims handlers’ fraud guide...
28 September 2009
US broker to back Lloyd's 2010 property start-up
Nick Jones, the former Heritage Syndicate 1200 lead underwriter, is set to be reunited with Jim Hays, The Insurance Insider has learned.
28 September 2009
US P&C insurers profits slump 59 percent as economic turmoil bites
The twin impact of the financial markets turmoil and the recession are clear to see in first half figures for the US property and casualty industry, with both the top and bottom line heavily hit.
28 September 2009
Omega increases its 2010 offshore energy forecast
Omega Underwriting Agency Ltd has submitted a revised business plan to Lloyd's to increase income on its offshore energy account for the 2010 year.
28 September 2009
Fairfax begins sweetened Odyssey Re tender offer
Canadian combine Fairfax Financial Holdings has begun its previously announced cash buy-out of the minority interests in its affiliated reinsurer Odyssey Re for $65 per share.
28 September 2009
AIG's ability to repay US government 'unclear'
The ultimate success of American International Group (AIG)'s efforts to repay the outstanding $120.7bn balance on its $182bn US government bailout package remains uncertain...
28 September 2009
People moves
QBE appoints head of aviation in France; Clarke to head Amlin Singapore...
28 September 2009
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