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Plumeri endorses principles approach
A principles-based rather than a rules-based approach not just to regulation but to running the entire industry should be embraced by the industry, according to Joe Plumeri, chairman and CEO of Willis.
05 April 2007
Benfield appoints Paragon fac broker
Benfield Group’s dedicated approach to rebuilding its facultative operations following the defection of Elliot Richardson saw the reinsurance specialist swoop for Paragon International Insurance Brokers Ltd’s Julian Hall
05 April 2007
ISPVs stalled on UK starting grid
Last year, the UK authorities unveiled the prospect of UK ISPVs as a sign they were listening to complaints about London’s relative lack of global competitiveness. So what has gone wrong?
05 April 2007
Guy Carpenter looks to ‘rationalise’ pricing with Select Cat
Last month's SelectCat launch by Guy Carpenter was the latest in a line of index-based offerings to hit the market as brokers look to create alternative capacity for property catastrophe reinsurance risk.
05 April 2007
CV Starr defends Spitzer PR lawsuit
By John Helmer in Washington
05 April 2007
Lloyd’s reaps rewards from 2006 bonanza
In a year where it would be nearly impossible to make an underwriting loss, Lloyd's revealed that insurers on its platform posted a "record" profit in 2006 of almost £3.7bn.
05 April 2007
PRO confirms WFUM development
PRO Insurance Solutions Ltd, the proposed Scheme Manager of the WFUM Pools Scheme, has confirmed that the 14 WFUM pools scheme companies are applying to the UK High Court for sanction of the proposed schemes.
05 April 2007
International News Digest
Flagstone shares forge ahead after shaky start; Wurtt gets Best A- despite rival downgrade; Nephila to grow weather market; Cuomo gets go-ahead for Liberty Mutual suit...
05 April 2007
London News Digest
Private equity firm to buy Alea for £162mn; Xchanging in £400mn+ IPO bid; QBE launches PI division; Royal settles student loans dispute with MBIA; Lloyd’s welcomes UK tax cut...
05 April 2007
Munich Re still haunted by US asbestos
The spectre of asbestos returned to haunt reinsurance giant Munich Re as it revealed in its full annual report a $600mn strengthening of loss reserves for related claims at its US operation.
05 April 2007
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