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  • LCL appoints former Euclidian chief
    LCL Group – the run-off manager to debt collections specialist – has appointed former Euclidian Underwriting Ltd chief executive Andrew Holland to become chief operating officer.
    04 April 2005
  • AM Best affirms GE Insurance following capital injection
    Rating agency AM Best affirmed its “A” financial strength rating of Employers Re and GE Reinsurance Corporation following a $350mn injection from GE Capital Services and a commitment to provide further support later this year.
    04 April 2005
  • PwC to sue KPMG over Independent collapse
    KPMG is facing a negligence action over its involvement in the collapse of Independent Insurance in 2001, according to reports.
    04 April 2005
  • Ren Re: management mea culpa over Inter-Ocean reinsurance contract
    Bermuda’s Renaissance Re, one of the industry’s most admired reinsurance companies, has admitted its senior management made mistakes in accounting for a finite reinsurance transaction in its delayed Securities & Exchange Commission 10-K filing.
    04 April 2005
  • John Molbeck returns to HCC
    John Molbeck has rejoined the board of HCC Insurance Holdings only weeks after retiring as the chief executive of JLT Group’s US arm Jardine Lloyd Thompson LLC.
    04 April 2005
  • CMGL becomes run-off Syndicate 991 managing agency
    Run-off specialist CMGL Syndicate Management Limited (CSML) has become the managing agent of Lloyd's Syndicate 991, A. E. Grant & Others.
    04 April 2005
  • Moody’s predicts Lloyd’s profit of £1bn+
    Days before Lloyd’s is due to publish its 2004 Global financial results, ratings agency Moody’s has predicted that Lloyd’s is likely to produce a profit of £1.2bn – the equivalent of 9 percent of capacity – this year.
    04 April 2005
  • Trading in Omega shares begins this week on AIM
    Trading in Omega Underwriting Holdings plc shares will begin on Wednesday (6 April) priced initially at 115p after the Lloyd’s insurer confirmed it was to float on the Alternative Investment Market (AIM) of the London Stock Exchange in an IPO which values
    04 April 2005
  • Allianz Global Risks announces new UK General Manager
    German insurance giant Allianz has announced the promotion of Doug Pennycuick as the general manager of its London market arm, Allianz Global Risks UK.
    29 March 2005
  • ACE expands into Eastern Europe
    Bermudian giant ACE is looking to increase its activity in the emerging markets of Eastern Europe, with the news last Thursday (24 March) that it has received regulatory approval to begin underwriting commercial property casualty business out of its Polis
    29 March 2005
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