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Big cat loss could trigger sidecars
If a market-changing event hit the reinsurance sector this year, forced M&A activity and sidecar issuance would be the likely outcome rather than the formation of a new 'class of 2008', according to leading industry figures.
08 September 2008
Munich Re sees proportional demand rising
Cedants are increasingly seeking proportional reinsurance cover, with further demand expected, according to Torsten Jeworrek, head of reinsurance at Munich Re.
08 September 2008
PwC's Schwarzmann receives recession promotion
One of the run-off sector's most prominent practitioners, Dan Schwarzmann, was promoted this summer becoming head of PwC's Business Recovery Service practice (BRS) - a role which sees him responsible for corporate rescues just as the UK economy is...
08 September 2008
International briefing
Swiss Re reshuffles financial markets division; SCORing positive; Bermuda awaits 'positive' IMF report; Allianz frees itself from Dresdner drag; Aon faces Statoil tender
08 September 2008
Christian to head Aon Benfield International
Dominic Christian will head Aon Benfield Re's international operations once the merger between the two firms is completed later this year, The Insurance Insider can reveal.
08 September 2008
AWAC opens Swiss office
Allied World Assurance Company Holdings Ltd (AWAC) has become the latest Bermudian to make a move to Switzerland.
08 September 2008
SCOR to reduce industrial exposures
French reinsurer SCOR is to reduce its commitment to large industrial risks and will keep a watching brief on the beleaguered energy and mining sectors, according to Victor Peignet, Global P&C CEO.
08 September 2008
London briefing
Lloyd's scrutinises aviation sector; McIntyre quits RSA; Atlas launched by ex GC team; Markel Intl appoints new head; QBE picks up £15mn pier tab; Former Guy Carp CEO takes Heritage role; Carvill loses senior executive; RFIB loses major US MGA account;
08 September 2008
London underwriters in $4.8mn PI recovery action against Milberg
Novae Corporate and the Cottrell Syndicate 1173 in run-off are leading an action by Lloyd's underwriters to cancel the professional indemnity (PI) policies of disgraced New York law firm Milberg LLP and recover...
08 September 2008
Accounting for taste…
It was no surprise that the second quarter reporting landscape was scarred with deteriorating investment returns, but perhaps less predictable were the fissures that had opened up between those (re)insurers apparently weathering the economic storms and ot
08 September 2008
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