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Europeans escape from sub-prime but are hit by cats
A trio of European (re)insurers filed interim figures that largely escaped the fallout from the US sub-prime crisis, but revealed the impact of the year’s non-US catastrophe losses.
07 September 2007
Sub-prime fallout hits issuers, but insurers escape direct hit
Rating agencies and other analysts have provided welcome reassurance over (re)insurers' direct exposure to the ongoing sub-prime turmoil.
07 September 2007
Lloyd's challenges QBE plan
Just one month after QBE expressed frustration with members' agents for their refusal to recommend an increased bid to buy out Names' capacity, Lloyd’s Franchise Performance Board (FPB) has expressed doubts...
07 September 2007
Falling reinsurance premiums to spark rise in M&A - Fitch
Premium rates in reinsurance will continue to decline at the January 2008 renewals in the absence of any major insurance losses, analysts at Fitch Ratings have predicted.
07 September 2007
Lloyd's insurers consider takeover approaches
Canopius and Beaufort latest to confirm interest
07 September 2007
Tawa adds Axiom trio to APH team
Newly-listed Tawa plc raided outsourcing firm Axiom Consulting to strengthen its asbestos, pollution and health hazard (APH) expertise.
07 September 2007
Deutsche Bank backs run-off venture
Afinia Capital Group has joined the tide of new entrants to the discontinued business sector with backing from high profile capital markets players.
07 September 2007
Judge approves $449mn Travelers settlement
A US bankruptcy judge has approved The Travelers Cos' settlement of one of its largest asbestos exposures for $449mn.
07 September 2007
Arch counterclaims Gen Re as 'poaching' dispute continues
Bermudian Arch Capital Group has struck back at Gen Re in the latest round of the legal disputes over the departure of four Gen Re executives to Arch in April.
07 September 2007
Benfield establishes capital markets team
Benfield Group has become the latest reinsurance broker to respond to the growth in insurance linked securities with the creation of a new team to advise on non-traditional risk transfer solutions.
07 September 2007
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