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Kiln sees H1 reinsurance rates soar; revises ’07 and ’08 forecasts upwards
Lloyd's managing agent RJ Kiln & co saw reinsurance rates on its largest Syndicate, 510, climb to the highest it has seen in almost seven years during the first half of 2009, driven by US catastrophe-exposed lines.
19 August 2009
Clive Watson to stand down as Canopius agency CEO; Carroll not in frame as successor
Canopius Managing Agents CEO Clive Watson is to leave the Lloyd's (re)insurer with effect from 1 October.
18 August 2009
Lloyd's Exchange live with first message
The Lloyd's Exchange has gone live with its first intra-market message.
17 August 2009
Lloyd's gets further ratings endorsement
Lloyd's has received its third rating confirmation in a month.
17 August 2009
BVI and Cayman Islands join OECD white list
The British Virgin Islands and Cayman Islands have joined Bermuda in being upgraded to the Organisation for Economic Cooperation and Development's (OECD) white list, after meeting internationally agreed tax standards
17 August 2009
Arctic Sea insured by Ingosstrakh
Lost and found cargo ship Arctic Sea is insured for crew-related risks with Russian insurer Ingosstrakh.
17 August 2009
Aon aviation exodus continues as Willis hires Kisor
Broking giant Aon has lost yet another senior aviation executive, this time to Willis, after its former executive vice president of Los Angeles and Chicago operations, Stephen Kisor, joined the rival broker.
17 August 2009
Wrynn to replace Dinallo as NY insurance superintendent
The state of New York has named lawyer and executive director of the state's insurance fund, James Wrynn, as insurance superintendent following the resignation of Eric Dinallo in July.
17 August 2009
AIG's D&O insurers set to foot $115mn settlement bill
American International Group (AIG)'s $200mn D&O insurance policy is set to pay a $115mn loss, after it was reported that former chief executive Maurice 'Hank' Greenberg and five other defendants have agreed to settle a shareholder lawsuit.
17 August 2009
$2.5bn sales bolster AIG
American International Group (AIG) has raised $2.5bn from its latest round of sales.
17 August 2009
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