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JMD eyes run-off market
The run-off market has welcomed a potential new buyer of discontinued books – JMD Specialist Insurance Services.
11 February 2008
RenRe to launch CPX Re cat bond
Bermudian reinsurer RenaissanceRe is to launch its first cat bond - CPX Re - to provide US all natural perils cover, our sister publication Trading Risk revealed.
11 February 2008
Deutsche partners with Carvill in derivative 'transformer' deal
RK Carvill has confirmed that Deutsche Bank will provide Standard & Poor's AA rated security to hurricane derivatives transformed into reinsurance contracts through transformer vehicle Mount Prospect Ltd.
11 February 2008
SEC targets hedge funds for investigation
The US Securities and Exchange Commission (SEC) plans to turn its sights on the hedge fund community as a target for future investigations into business practices.
11 February 2008
Just what does the Berkshire Hathaway quota share say about Swiss Re's need for capital; and will other (re)insurers follow suit?
Other than the fact that Warren Buffett has promised $37bn+ of his fortune to Bill Gates' charitable foundation, Keefe, Bruyette & Woods analyst William Hawkins' observation...
11 February 2008
Brazil welcomes Munich Re as admitted carrier
German giant Munich Re has become the latest group to take advantage of the deregulated Brazilian market.
11 February 2008
Generali reports strong results across the board
Premium income in the life and non-life sectors showed healthy growth at Italian bancassurance group Assicurazioni Generali, boosted by consolidation last year.
11 February 2008
Novae updates syndicate forecasts
Lloyd's managing agency Novae Syndicates Limited has reported no deterioration in run-off reserves as it continues to successfully manage down its legacy business.
11 February 2008
Holt takes leave of absence from Amlin
Tony Holt, the respected industry veteran and head of Amlin's underwriting has taken a leave of absence from the Lloyd's insurer because of ill-health.
11 February 2008
Woods appointed CEO of Aon Global's London brokers
Aon Global has appointed Rob Woods as CEO of its London broking teams.
11 February 2008
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