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Scottish Re suffers further downgrades
Scottish Re, the under-fire Bermudian life reinsurer, suffered further ratings downgrades from AM Best and Standard & Poor's last week.
20 November 2006
Ex JLT exec to head RK Harrison
RK Harrison Insurance Brokers Ltd, the independent London market brokers, will appoint the former Jardine Lloyd Thompson Group executive Dominic Collins to replace its retiring executive chairman, Richard Corfield.
20 November 2006
Ex JLT exec to head RK Harrison
RK Harrison Insurance Brokers Ltd, the independent London market brokers, will appoint the former Jardine Lloyd Thompson Group executive Dominic Collins to replace its retiring executive chairman, Richard Corfield.
20 November 2006
Way resigns from HCC
Stephen Way has resigned from HCC Insurance Holdings, the company he founded in 1974, following a company investigation over its stock-option granting practices.
20 November 2006
Arrowpoint spin-off depends on Delaware
It took 18 months for ACE Ltd to persuade the Pennsylvania Insurance Commissioner to approve the sale of its asbestos riddled Brandywine subsidiaries, so R&SA shareholders might be in for a long wait before they see their US legacy business spun-off.
17 November 2006
WFUM creditors vote on scheme
Creditors for all 16 of the participants in the proposed WFUM pool scheme of arrangement met in London on 27 October.
17 November 2006
Reforming Ward looks at Lloyd’s structure
The Corporation’s chief executive Richard Ward is understood to be close to ordering a restructuring of its senior management and reporting structures, according to sources.
17 November 2006
Converium's stock rises on US sale
Swiss reinsurer Converium’s share price continued its upward trajectory after announcing the $295mn sale of its US operations to National Indemnity last month.
17 November 2006
ACE applauded over XL in strong earnings
Despite comfortably outpacing third quarter earnings projections, Bermudian rivals ACE Limited and XL Capital met very different responses from analysts at Morgan Stanley.
17 November 2006
Catlin’s £600mn experiment could act as M&A catalyst
Despite the whispers of smooth-talking bankers, merging two insurance companies is rarely easy – and this is often multiplied in the case of Lloyd’s insurers where management egos and the existence of obdurate Lloyd’s Names add further complications.
17 November 2006
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