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Jain questions viability of municipal bond insurers
The current plight of some municipal bonds is just the "tip of the iceberg" and will continue to rise, according to Berkshire Hathaway’s reinsurance chief Ajit Jain.
17 March 2008
Heritage confirms takeover talks
Heritage Underwriting Agency has returned strong profits for 2007 resulting from a second benign catastrophe year as well as diversification.
17 March 2008
Paterson takes over from disgraced Spitzer
David Paterson today (17 March) took over as New York Governor replacing disgraced former "Sheriff of Wall Street" Eliot Spitzer.
17 March 2008
Senior Aon Asia exec leaves broker
The head of Aon Market Services for Asia has left the company, Insider Week has learnt.
17 March 2008
Ernoult joins Oxygen
Former Heath Lambert executive Tom Ernoult has joined independent London-based intermediary Oxygen Holdings plc as managing director.
17 March 2008
Marsh appoints Cooke to head market relationships
Broker Marsh Inc has appointed Jeremy Cooke to the new position of global head of market relationship management (MRM).
17 March 2008
Allianz to break up Dresdner
German insurer Allianz AG is to break up its Dresdner Bank division in a move that will enable it to divest its underperforming investment banking unit Dresdner Kleinwort.
17 March 2008
Tokio completes Kiln deal
Japanese company Tokio Marine & Nichido Fire Insurance Co has completed its takeover of Lloyd's insurer Kiln Ltd.
17 March 2008
Analysts positive on Chaucer
Market analysts have responded positively to Lloyd's insurer Chaucer Holdings 2007 results and its recent strategy.
17 March 2008
Hannover profits lifted by life and health; aims to renew K5 securitisation
Despite a heavier burden from natural catastrophes, Hannover Re saw operating profits rise 14 percent to EUR940mn, boosted by strong performance in its life and health division.
17 March 2008
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