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There are 68,813 results that match your search.68,813 results
  • Ex Centre Re chief to head up Flagstone Re
    As revealed in Insider Week this Monday (14 November), Bermudian start-up Flagstone Re will be headed up by former Centre Re CEO David Brown, who will be chief executive of the new operation.
    16 November 2005
  • Start-up Greenlight Re heads for Caymans
    Greenlight Re will become the twelfth new reinsurance start-up since Hurricane Katrina after being announced by Greenlight Capital boss, David Einhorn, at a New York conference on Tuesday (15 November). The new company has already received a license...
    16 November 2005
  • Hurricanes to push Wellington into underwriting loss
    The burden from this year's US storms will push quoted Lloyd's insurer Wellington Underwriting plc into a underwriting loss for the year, the company revealed this morning.
    15 November 2005
  • Cologne Reinsurance downgraded
    Dublin-headquartered Cologne Reinsurance Ltd had its financial strength rating downgraded to A- from A++ by AM Best on 7 November. The ratings agency also downgraded the reinsurers credit rating to a- from aa+ and the firm remains under review with...
    14 November 2005
  • Benfield shows primary ambition with energy move
    Broker Benfield announced last week (8 November) the recruitment of an eight-strong energy casualty team to its recently established primary brokerage operation Benfield Corporate Risk, putting it in a position to respond to likely increased demand in...
    14 November 2005
  • Decision to drop BAIC appeal leaves some uncertainty
    The advisors to a controversial scheme of arrangement have withdrawn their appeal leaving an untidy High Court decision apparently at odds with legal developments. When the proposed British Aviation Insurance Company (BAIC) scheme of arrangement...
    14 November 2005
  • Berkshire Hathaway landed with $3bn 3Q hurricanes bill
    Berkshire Hathaway announced its third quarter net earnings were $586mn, or $381 a share, down 48.5 percent from the $1.14bn, or $739 a share, for the same period in 2004. Earnings were hit by current loss estimates of $2.99bn from hurricanes...
    14 November 2005
  • Equitas threat to Lloyd’s rating
    Run-off vehicle Equitas could face a worst-case scenario where it was under-capitalised by £500mn warned rating agency Standard & Poor’s (S&P). And the fear of that possibility remains one of the biggest threats to Lloyd’s A rating, which is...
    14 November 2005
  • PXRE enters into post-storms $300mn cat bond
    Hurricane hit Bermudian reinsurer PXRE Group has bought $300mnn of reinsurance protection via a catastrophe bond following the third quarter storms. The cover will protect the reinsurer from extreme catastrophe losses arising from hurricanes in the...
    14 November 2005
  • Omega latest Lloyd’s insurer to form Bermudian start-up
    Omega Underwriting Holdings plc is the latest Lloyd’s insurer to both raise money through a placing and unveil plans to form a Bermudian platform following the trio of hurricanes that raged this autumn. As predicted by Insider Week last Monday...
    14 November 2005
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