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London News Digest
Ascot and ACE target renewable energy market; UK flood losses over £1.5bn; Jardine elected as LMA chairman; Amlin extends distribution with Allied Cedar acquisition...
12 July 2007
NMB latest to launch capital markets division
Newman Martin and Buchan Ltd (NMB) has become the latest broker to launch a capital markets division, joining its larger competitors such as Benfield Advisory and Guy Carpenter’s investment banking specialty practice...
12 July 2007
Heritage syndicate merger hits Hampden wall
Lloyd's members' agent Hampden Agencies Ltd is objecting to the proposed merger of AIM-listed insurer Heritage Underwriting Agency plc’s property Syndicate 1200 with its liability Syndicate 3245...
12 July 2007
Lloyd’s Act reform key to structural change
The announcement in Parliament last month that the Government will examine changes to the 1982 Lloyd's Act is likely to encourage some frenetic lobbying.
12 July 2007
EC3 insurers reduce 2008 capacity
Canopius has become the latest Lloyd's insurer to reveal plans to reduce its capacity limit next year, following recent announcements from Hiscox plc and Kiln plc.
12 July 2007
St Paul appoints new Lloyd’s aviation head as sector rates continue to fall
St Paul Travelers' Lloyd's underwriter Jon Woodrow has been appointed head of its Syndicate 5000’s aviation team.
12 July 2007
Catlin welcomes rating actions
London-listed (re)insurer Catlin Group Ltd received a double boost from rating agencies AM Best and Standard & Poor's (S&P) in early July.
12 July 2007
RI3K looks to build Bermuda bureau
Electronic trading platform RI3K is in advanced talks with rival outsourcing firms Capita and Xchanging over partnering to build an integrated bureau facility for Bermuda’s (re)insurance market, The Insurance Insider can reveal.
12 July 2007
International News Digest
Industry on TRIA offensive; Australian claims rising after storm; Flagstone builds underwriting team; Aspen Re chooses Zurich for European hub...
12 July 2007
Lancashire strikes contingent equity deal
"Class of 2005" insurer Lancashire Holdings Ltd bought an option last month to issue up to $49mn of equity any time throughout this year’s hurricane season.
12 July 2007
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