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There are 68,813 results that match your search.68,813 results
  • Chubb to back $1.5bn Bermudian reinsurer start-up
    Post-Katrina start-up activity is gaining momentum with news that US insurer Chubb Corp is set to help launch a new Bermudian reinsurer, Harbor Point Ltd. Chubb will own 16.25 percent of the new company, which will begin writing business from...
    26 October 2005
  • Former America Re exec to head start-up Bermudian reinsurer Validus
    Ed Noonan, the former chief executive of America Re, is to head the latest reinsurer set to establish itself on Bermuda. Validus Holdings Ltd is currently raising funds via a US private placement and, according to well placed sources, is being...
    26 October 2005
  • Loss estimates on Wilma reach to $10bn
    After equalling records by becoming the 21st named storm in a season, Hurricane Wilma this week ploughed its way across the Florida peninsula, flattening houses and businesses and leaving flooding in its wake.
    25 October 2005
  • AM Best shows muscles with Montpelier Re downgrade
    AM Best’s decision to downgrade Montpelier Re despite the reinsurer raising $600mn in the aftermath of Katrina is the latest example of the get tough approach of the rating agencies. It is also good news for the proposed start-up reinsurers who are...
    25 October 2005
  • HCC buys Lloyd’s insurer
    HCC Insurance Holdings has acquired the Lloyd’s based liability insurer Illium Insurance Group Ltd. HCC, which has provided capital to Illium since it began underwriting in 2004, has acquired the remaining 80 percent of the outstanding shares in the...
    25 October 2005
  • Markel launches new marine and energy insurer
    Markel Corporation has announced the formation of a new marine and energy insurer, Markel Global Marine & Energy. Steve Cullen, formerly president of the Marine and Offshore Energy Division of XL Insurance, will head the unit and will be responsible...
    24 October 2005
  • O’Farrell takes charge of reinsurance at ACE
    Bermudian reinsurer ACE appointed Bill O’Farrell as chief reinsurance officer for the group on 18 October. O’Farrell, who is a senior vice-president in Reinsurance Recoverables with ACE, will design and buy reinsurance and take overall responsibility..
    24 October 2005
  • Heath Lambert strengthens reinsurance team
    (Re)insurer Heath Lambert announced the addition of two new directors to its reinsurance business on Friday 21 October. Both Roland Vella and Chris Underwood are joining Heath Lambert from Lloyd’s broker Thompson Heath & Bond.
    24 October 2005
  • Advisen benchmarking survey shows rates rising
    Property rates have increased by as much as 20 percent in the aftermath of this year’s devastating hurricanes according to a survey conducted by Advisen. The RIMS Benchmark Survey showed that third-quarter renewal prices were dropping before Katrina...
    24 October 2005
  • Outdated systems costing market millions
    The London Market is missing out on millions of pounds in savings because of its failure to embrace new technology that would speed up business processes. At the ACORD Forum on 20 October, London was described as resistant to change and slow to act...
    24 October 2005
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