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US dollar sends PARIS RE to IFRS loss
Foreign exchange losses sent PARIS RE to a $129.5mn first quarter net loss under IFRS reporting, against a comparable prior-year period net profit of $35.7mn.
14 May 2008
Insurance industry likely to escape full force of China quake
Property losses from the Chinese earthquake in Sichuan province could reach as much as $15bn but the insurance industry is likely to emerge relatively unscathed.
14 May 2008
Brit appoints active underwriter
Brit Insurance Holdings Plc has appointed Jonathan Turner as active underwriter of Syndicate 2987.
13 May 2008
Largest player in retakaful market launched
Three companies have joined together to launch ACR ReTakaful Holdings Ltd, the largest retakaful company in the reinsurance industry with a capital base of almost $300mn.
12 May 2008
Swiss Re hit by further credit losses
Swiss Re shares fell more than 5 percent last week after the reinsurance giant continued to disappoint analysts with further structured credit losses that halved Q1 profits.
12 May 2008
Pressure mounts on AIG's Sullivan after latest record loss
Pressure is mounting on American International Group (AIG) CEO Martin Sullivan as the crisis at the US giant deepened after a second consecutive record quarterly loss.
12 May 2008
Validus establishes Latin American coverholder for Lloyd's arm
Bermudian (re)insurer Validus Holdings Ltd has formed a new Miami-based company to act as an approved coverholder for its Lloyd's Syndicate 1183.
12 May 2008
Willis launches captive operation in Malta
Willis has launched a new Malta-based captive management operation, Willis Management (Malta) Ltd.
12 May 2008
JLT Re recruits from rivals
UK listed broker Jardine Lloyd Thompson Group (JLT) has strengthened its reinsurance operations with a slew of appointments from rival firms.
12 May 2008
Aon Re acquire Peruvian broker
Aon Corp has expanded its presence in the Latin American market after snapping up Peruvian reinsurance intermediary, Cosegur Re.
12 May 2008
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