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BMS parts company with CEO
BMS, the independent London market broker, has confirmed the resignation of its chief executive, John Spencer.
11 January 2008
Alea commutes further reinsurance exposures
Run-off (re)insurer Alea Group Holdings has reached agreement to “fully and finally” commute all exposure under an excess-of-loss reinsurance treaty.
11 January 2008
Marsh in £200mn UK back-office outsourcing deal
Capita Group plc has won the £200mn contract to run Marsh UK’s back office in a deal which will see 650 of the broker’s staff move to the outsourcing firm.
11 January 2008
ILW exchange sees volumes grow
Derivatives platform Insurance Futures Exchange Services (IFEX) which began trading in US catastrophe risks as futures contracts in September, now has cumulative trading volumes totalling more than $31mn...
10 January 2008
Asbestos liability (re)insurer St George Re in Bermuda launch
Bermudian corporate asbestos liability risk reinsurer St George Re is set to begin trading offering US companies protection against asbestos claims, the company confirmed today (9 January).
09 January 2008
CV Starr and First Reserve launch Lloyd’s energy start up syndicate
US insurer CV Starr & Co Inc has launched a Lloyd’s energy syndicate with £30mn 2008 capacity in partnership with private equity firm First Reserve Corporation.
09 January 2008
R&Q appoints ex-Wellington executive
Recently listed UK run-off firm Randall & Quilter Investment Holdings (R&Q) has appointed ex-Wellington executive John O'Neill as chief operating officer of its UK Insurance Services Division.
07 January 2008
QBE announces $146mn acquisition of North Pointe
Fast growing QBE is to expand its US presence after signing an agreement to acquire North Pointe Holdings Corporation for $146mn.
07 January 2008
New reinsurance rules to boost Brazilian growth
The new reinsurance rules introduced in Brazil, which have encouraged Lloyd's to plan an admitted carrier, should boost the region's growth, according to Fitch Ratings.
07 January 2008
Swiss Re confirms Groupama cat bond pricing
Insurance-linked securities pioneer Swiss Re has announced the final pricing of EURIBOR plus 360 basis points on its EUR200mn French windstorm cat bond, issued on behalf of French mutual Groupama SA.
07 January 2008
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