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South of England P&I club faces liquidation hearing
A Bermuda-based protection and indemnity (P&I) club will be fighting for its life tomorrow (18 November) as it heads to court to challenge a provisional liquidation order
17 November 2011
Trenwick staves off disaster
Trenwick, the Bermudian reinsurer, saved its vital Lloyd’s operations with a last-minute deal with its letter of credit providers. The Letter of Credit (LOC) was vital for Trenwick to secure its ability to underwrite in the Lloyd's market for the 2003
01 January 2003
Kiln syndicates suffer 9% deterioration on 2010 YOA
Kiln has released new forecasts on its non-aligned syndicates for the 2010 year of account that show mid-point losses increasing by 9.3 percent to £92.1mn
17 November 2011
Henton 'led astray' in Sphere Drake carve-out fraud
MGA Euro International Underwriting Ltd underwriter Christopher Henton, who was banned from operating over his "dishonest involvement" in the notorious Sphere Drake managing general agent (MGA) was...
11 February 2008
Marsh urges fast action on product recall
Companies that act quickly and efficiently in managing a crisis through a product recall will gain consumers' confidence and enhance shareholder value, according to broker Marsh.
03 July 2006
Xchanging to shed 250 jobs in costs drive
London market back office provider Xchanging is axing 250 jobs and will offshore a further 230 positions by the middle of 2010 in a new efficiency drive.
22 December 2009
Beazley raises £150mn subordinated debt
Lloyd’s insurer Beazley Group plc announced on 4 October plans to raise £150mn in subordinated debt.
09 October 2006
Assured Guaranty set for reinsurance deals with $304mn fundraising
Financial guaranty and credit (re)insurer Assured Guaranty Ltd (AGL) has successfully raised net proceeds of $304mn on the sale of 12,483,960 shares in a public offering priced at $25.50 a share.
31 December 2007
Sequel lands Willis deal
Specialist (re)insurance IT solutions provider Sequel Business Solutions has signed up Willis group Services in a significant deal that will see the world’s third largest broker use its Eclipse Broking solution.
13 July 2006
Wellington aviation underwriters fly from Catlin
The exit of former Wellington Underwriting staff following the company’s £600mn takeover by Catlin Group has continued with the departure of its two senior aviation underwriters.
04 January 2007
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