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D&O rates predicted to fall a further 10 percent
Directors' and officers' (D&O) rates are predicted to fall by a further 10 percent in the final quarter of the year, according to a survey by broker Willis Group.
26 November 2007
Hedge fund hits back at Fairfax
A New York-based hedge fund has hit back at Canadian conglomerate Fairfax Financial Holdings with a counterclaim accusing the firm of defamation and a campaign of harassment and intimidation.
26 November 2007
Gallagher London introduces additional commission
Gallagher London became the latest firm to levy an additional commission on the market as the weak dollar and falling rates continue to squeeze brokers' margins.
26 November 2007
SCOR launches EUR160mn Atlas IV cat bond
French reinsurer SCOR SA will add to its Atlas suite of cat bonds with the EUR160mn Atlas IV bond, which is due to close on 27 November.
26 November 2007
Montpelier grows US distribution platform for Lloyd’s syndicate
Montpelier Re has continued to build its US operations with the launch of a new direct property facultative division to write business on behalf of its Lloyd’s Syndicate 5151.
26 November 2007
Taylor to stay at Montpelier until 2009
Bermudian reinsurer Montpelier Re Holdings Ltd has extended the employment contract of its founding chairman and chief executive Tony Taylor until 2009, it confirmed last week.
26 November 2007
Tawa launches consulting arm
Tawa plc, the UK quoted run-off consolidator controlled by French billionaire Francois Pinault, has launched Tawa Consulting Ltd, which will take on consulting and advisory operations.
26 November 2007
Kamp Re is extended
Administrators of loss-hit Kamp Re 2005, Zurich Financial Services' (ZFS) catastrophe bond, have extended the original maturity date by a month, to 14 January 2008, pending a final determination of the loss amounts.
26 November 2007
RI3K streamlines pricing
London-based electronic trading platform RI3K is streamlining charges for its services in response to “market criticisms” over the firm’s pricing structure.
26 November 2007
Kamp Re is extended
Administrators of loss-hit Kamp Re 2005, Zurich Financial Services' (ZFS) catastrophe bond, have extended the original maturity date by a month, to 14 January 2008, pending a final determination of the loss amounts.
23 November 2007
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