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Aspen plans global excess casualty unit in Dublin
Bermudian reinsurer Aspen Insurance Holdings Limited is to launch a global excess casualty underwriting unit based in Dublin.
15 October 2007
Pro Insurance opens US arm
Swiss Re run-off subsidiary, Pro Insurance Solutions Ltd has announced the formation of a US affiliate, PRO US, in a move which highlights the growing interest in the country’s discontinued business sector.
15 October 2007
Oil Insurance continues member drain
Two members of Bermudian energy mutual Oil Insurance Limited (OIL) have decided to “withdraw their policies” from January next year.
15 October 2007
Ironshore appoints former Lloyd’s CEO
Bermudian start-up insurer Ironshore Inc has appointed former Lloyd’s CEO Ron Sandler to its board.
15 October 2007
Florida CFO proposes changes to cat fund
Florida’s chief financial officer has proposed giving the state’s governor and cabinet the authority to set the reinsurance levels and pricing of the Florida Hurricane Catastrophe Fund’s optional coverages.
15 October 2007
PCS estimates $1.25bn US third quarter insured cat losses
US property/casualty insurers are expected to pay homeowners and businesses an estimated $1.125bn for third-quarter property losses, according to preliminary analysis by ISO’s Property Claim Services (PCS) unit.
15 October 2007
Second Milberg Weiss partner pleads guilty
Steven Schulman has become the second former Milberg Weiss LLP partner to plead guilty in a long-running federal probe into the making of improper payments to clients in an alleged kickback scheme.
15 October 2007
AIRROC growth highlights run-off acceptance in US
The Association of Insurance and Reinsurance Run-Off Companies’ (AIRROC) third annual Rendez-Vous began today (15 October) in New Jersey with a record number of delegates in attendance.
15 October 2007
Blumenthal targets Guy Carpenter and ‘entire industry’
Connecticut attorney general Richard Blumenthal has vowed to draw back the “cloak of secrecy” covering the “entire reinsurance industry” following the filing of an anti-trust lawsuit last week against global reinsurance broker Guy Carpenter.
15 October 2007
S&P upgrades Groupama to A+
Ratings agency Standard & Poor’s (S&P) has upgraded French insurer Groupama’s financial strength rating to A+ with stable outlook in response to the group’s increased operating performance, strong brand and its “readiness” to launch an initial public offe
15 October 2007
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