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Berkshire says appetite for cat risk returning
Following the strong recovery in the investment portfolio of its parent, Berkshire Hathaway Reinsurance Group says it has regained some of the catastrophe appetite it trimmed in Q1.
11 August 2009
International digest
White Mountains uses Sirius to shore up capital base; Bermuda approves first 2009 Class 4 reinsurer; Greenberg settles with SEC; Hartford leaps further with increased capital raise; Apollo forms new Bermuda life reinsurer...
11 August 2009
London digest
Swiss Re confirms closure of London fac operations; FI rates up 15%; FSA keeps Pamplona waiting; HCC to buy out Syndicate 4040; UK privatise welfare?; Hurst-Bannister to chair MRG...
11 August 2009
Pro tenders for buyout offers
Swiss Re has put its UK run-off unit Pro Insurance Solutions (Pro) up for tender following the breakdown of sale talks with Randall & Quilter (R&Q) last month.
11 August 2009
Tawa launches share buyback
Legacy vehicle Tawa plc is buying back up to 10 percent of its stock to enhance its net asset value (NAV) per share.
11 August 2009
Aon appeals judgment in UNIC spat
Broking giant Aon swiftly filed a notice of appeal in a US district court, after a federal judge upheld a jury verdict for United National Insurance Company (UNIC) in a reinsurance spat.
11 August 2009
Doubt cast on scope of 'landmark' Wasa judgment
The House of Lords decision to allow run-off reinsurers Wasa and AGF to deny "follow the settlement" coverage in respect of a substantial US pollution claim may not be as decisive as first thought.
11 August 2009
UK-based auditors take comfort in Moore Stephens judgment
The UK House of Lords struck out a claim that accountancy firm Moore Stephens was liable for a failure to unearth an $89mn fraud at a commodity trader that it audited.
11 August 2009
Catlin impresses on investments; u/w hit by '09 losses
Lloyd's insurer Catlin booked a 60 percent increase in pre-tax profits to $240mn for the first half of the year.
11 August 2009
Improving Swiss Re capital position points to Berkshire redemption
Improving capital and surplus at Swiss Re met with a favourable response from analysts, as it looks more likely to repay the capital injection made by Berkshire Hathaway earlier this year from its own resources.
11 August 2009
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