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  • Following the departure of interim active underwriter Phil Hancock in the final quarter of 2012, ProSight Syndicate 1110 has now stopped writing the business that was on the books when the erstwhile TSM syndicate was acquired on 1 January 2012, with the exception of a number of niche energy accounts.
  • Swiss Re's settlement with Berkshire Hathaway over a disputed life retrocession contract could be a positive for capital management prospects at the Zurich-headquartered reinsurance giant.
  • Ratings agency AM Best has upgraded the financial strength ratings (FSR) on a number of ACE Ltd subsidiaries.
  • Lloyd’s listed insurer Chaucer published its latest quarterly syndicate forecasts for the 2003 and 2004 years of account last Friday (25 November) revealing improvement on 2003 alongside a 15 percent increase in its total underwriting interests...
  • Cedants are increasingly seeking proportional reinsurance cover, with further demand expected, according to Torsten Jeworrek, head of reinsurance at Munich Re.
  • Troubled Bermudian PXRE announced yesterday (11 April) that it has requested the withdrawal of its financial strength and issuer credit ratings by the major agencies. The move is part of the reinsurer’s strategic evaluation process that has...
  • Capacity moderately down as start-ups offset de-emptions
  • The dispute over the division of spoils from insurance cover bought by the collapsed Stanford Financial Group (SFG) has deepened...
  • Financial services firm Ernst & Young (E&Y) has been named as a defendant in an amended class action, as part of the Lehman Brothers securities fraud case brought by five pension funds based in the US and Europe.
  • London-based broker Cooper Gay Group has parted company with its executive director of non-marine treaty reinsurance Dermot Flood as part of an organisational restructure.