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  • Cat modelling specialist Risk Management Solutions (RMS) has launched a new parametric index it says will help draw more emerging capital markets players into the catastrophe risk arena.
  • Early reporting Bermudians delivered strong first quarter earnings but weaker top line figures as signs of premium growth slowdown in a softening market began to show.
  • US insurers Chubb Corporation and WR Berkley reported profits up and premiums down for the first quarter of 2007.
  • London market back-office service provider Xchanging Insurance Services (XIS) has announced it will significantly streamline the Lloyd’s Stage 2 policy wordings checks.
  • Glencairn Ltd, the Lloyd’s broker taken over by US firm Hilb Rogal & Hobbs Company Ltd (HRH) last December, has expanded by taking on the majority of Park London’s insurance and reinsurance business.
  • Reinsurance broker Benfield Group has successfully completed 98 percent of its 1/4 Japanese renewals electronically with the G6 group of Lloyd’s insurers.
  • QBE Limit has expanded its aviation team hiring Tony Ambrose as an underwriter for Syndicate 5555's Products and Airports team.
  • Xchanging has priced its proposed initial public offering (IPO) at 210 to 240 pence a share, effectively valuing the company at £500mn at the mid-point price.
  • AM Best has confirmed the appointment of former Lloyd’s commercial director Roger Sellek, a development first reported in Insider Week No 271.
  • Novae Group plc has opened an international general liability (GL) account with the recruitment of two senior underwriters to its Lloyd’s Syndicate 2007.