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  • Vermont continues to attract captive start-ups
    Vermont, the largest captive domicile in the United States, licensed 43 new captive insurers in 2004, as the State continued to attract new formations.
    17 January 2005
  • US run-off association gets off the ground
    The increasing role of the run-off sector in the global (re)insurance industry has been reflected in the formation of the first US trade body for active and run-off companies, receivers and liquidators, and their representatives.
    04 January 2005
  • Hampden Agencies move for CBS executives
    Lloyd’s members’ agency Hampden Agencies moved swiftly last month to recruit two senior Names executives made redundant by rival agency CBS Private Capital Ltd.
    04 January 2005
  • Swiss Re gets Best boost
    World’s number two reinsurer Swiss Re got a year-end thumbs up from AM Best as the ratings agency affirmed its A+ financial strength and “aa” credit ratings on the Zurich based company.
    04 January 2005
  • AJ Gallagher’s attracts JLT Re Solutions executives
    AJ Gallagher has plundered from the management of Jardine Lloyd Thompson’s US based reinsurance operations, JLT Re Solutions, Insider Week can reveal.
    04 January 2005
  • SEC examines General Re’s finite reinsurance products
    Berkshire Hathaway confirmed last week that its reinsurance arm General Re has received a request from the Securities and Exchange Commission for information relating to its sale of “non-traditional or loss mitigation insurance products”.
    04 January 2005
  • US P/C results unbowed by hurricanes
    Strong results in the US property casualty sector were sustained throughout the first three quarters of 2004, as companies stood firm against the battering from the quartet of hurricanes that swept the Caribbean and South Eastern States last autumn.
    04 January 2005
  • Banc of America boosts MMC with upgrade
    Analysts at Banc of America Securities provided a New Year boost to MMC by upgrading their stance on the world’s largest insurance broker from “neutral” to “buy”.
    04 January 2005
  • WR Berkley uncovers ‘inappropriate’ practices; Delphi reveals employee suspensions
    The US insurer WR Berkley revealed last month that it had uncovered evidence of “inappropriate solicitation practices” as part of its internal investigations into the group’s business practices.
    04 January 2005
  • HCC channels funds to premium growth
    US insurer HCC Insurance Holdings confirmed last week that the lion’s share of funds raised in its recent share offering would go to its insurance company subsidiaries.
    04 January 2005
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