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Marsh to revisit GOM facility as interest wanes
Marsh is revamping its proposed facility with Berkshire Hathaway for Gulf of Mexico (GOM) windstorm risks in a bid to drum up interest, after receiving insufficient support from potential buyers to meet its planned launch date.
27 April 2009
Lancashire spreads tentacles in tight GOM market
Lancashire Insurance Group is filling part of the growing void in Gulf of Mexico (GOM) windstorm cover by opening up its Octopus product to the wider market.
27 April 2009
Lloyd's insurers await Finance Bill for reserves tax detail
Lloyd's insurers will scour the UK Finance Bill 2009 upon publication (expected 30 April) for further details of how the tax deduction for equalisation reserves will be calculated.
27 April 2009
Darag deal closes; KPMG adviser appointed COO
German regulator BaFin has approved Augur Capital's EUR20mn acquisition of AIG subsidiary Deutsche Versicherung und Rückversicherungs-AG (Darag).
27 April 2009
Aon Benfield finally decides UK specialty casualty structure with Gander appointment
The delicate structure of Aon Benfield’s London-based specialty casualty division has been determined with a new head, the former Gallagher Re CEO Simon Gander, The Insurance Insider can reveal.
27 April 2009
Darag deal closes; KPMG advisor appointed COO
German regulator Bafin has approved Augur Capital's EUR20mn acquisition of AIG subsidiary Deutsche Versicherung und Rückversicherungs-AG (Darag).
27 April 2009
Alea CEO to step down
Mark Cloutier, the chief executive of run-off (re)insurer the Alea Group, will step down next year, the firm has confirmed.
24 April 2009
Chubb stung by alternative investment losses as Q1 profits halve
Chubb’s income for first quarter 2009 almost halved compared to the same period last year – as net profits fell to $341mn compared to $664mn.
24 April 2009
IPC net income plummets; $24mn additional costs
IPC Holdings has seen its first quarter net income plummet to $8.3mn – down from $86.8mn in the first quarter of 2008 – after losses from European winter storm Klaus ($15mn) and the Australian bushfires ($13.3mn).
24 April 2009
Lexington's Archambault latest to join Ironshore
The exodus of senior figures from American International Group (AIG) to Ironshore seen in recent months continued this week, with the appointment of Andrew Archambault as senior vice president of reinsurance.
23 April 2009
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