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  • Ex GoshawK chief in buy-out attempt
    Chris Fagan, the former chief executive of insurer GoshawK, is behind an attempt from a Japanese private equity house to take the company private.
    11 October 2004
  • Brit appoints Mander
    UK based insurer Brit has announced the appointment of Richard Mander to its Marine and Energy Liability business for Brit Insurance Limited and Syndicate 2987.
    11 October 2004
  • Admiral cancels Converium quota share contract
    Recently listed UK motor insurer Admiral has invoked a downgrade clause with its quota share reinsurer Converium and replaced them with Gen Re and Axis Re Europe.
    11 October 2004
  • Aspen expands US property reinsurance business
    Aspen Insurance Holdings, the reinsurer spun-out of Lloyd’s based Wellington Underwriting in 2002, is gearing up its US business by injecting a further $200mn into its Bermudian arm, Aspen Insurance Ltd.
    04 October 2004
  • Atrium profits double as focus shifts to managed syndicates
    Lloyd’s insurer Atrium announced strong half-year results last Tuesday, and revealed underwriting plans for next year that will see it shift the focus away from its third party underwriting portfolio towards its managed syndicates.
    04 October 2004
  • GoshawK still open to offers
    Lloyd’s consolidation remains distant, says analyst GoshawK, the UK listed owner of Bermudian reinsurer Rosemont Re, is still prepared to discuss a take-over, despite ending talks with a buy-out firm last week.
    04 October 2004
  • Converium director steps down
    Converium director Dr Jürgen Förterer resigned from the troubled reinsurer last week because the company’s new strategy will conflict with his position as head of German reinsurer, R+V Versicherung.
    04 October 2004
  • Endurance continues growth with XL Re surety book
    Fast-growing post-9/11 start-up Endurance has added to its US presence with the acquisition of the bulk of XL Re America’s surety reinsurance business through its US subsidiary Endurance Reinsurance Corporation of America.
    04 October 2004
  • ACE applauded for reserve disclosure
    Morgan Stanley insurance analyst Bill Wilt applauded ACE Ltd’s decision to provide further disclosure on its reserves by publishing its global loss triangles.
    04 October 2004
  • James: Industry can learn Lloyd’s lesson
    Lloyd’s director of Worldwide Markets Julian James has fired a warning to the insurance industry that it faces serious financial consequences if it fails to reverse its “pretty appalling” public image.
    04 October 2004
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