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  • Amlin Bermuda has received ratings from Standard & Poor’s (S&P) and Moody’s, becoming the first “Class of 2005” reinsurer to be rated by the agencies.
  • A new method for the remaining Names who are exposed to their last cufflink may be introduced as Lloyd's considers the merits of English limited liability partnerships.
  • Giant insurer Zurich Financial Services Group (ZFS) reported a strong set of half-year results last Thursday (18 August), prompting ratings agency Fitch to upgrade its financial strength ratings from “A” to “A+”.
  • Lloyd’s insurer Chaucer has offered PXRE an exit route from its discontinued Lloyd’s business by agreeing to buy the troubled Bermudian’s subsidiary PXRE Ltd, which provides the capital for Syndicate 1224. The Syndicate, which stopped underwriting...
  • Bermudian reinsurer Partner Re has said claims relating to its exposure to last week’s explosion at Algeria’s largest liquefied natural gas (LNG) plant were expected to be between $27-30mn.
  • Hiscox plc revealed on 1 September that it is close to setting up a Bermudian sidecar operation to reinsure its Lloyd’s Syndicate 33.
  • Another batch of subpoenas were issued by US regulators last week to US and Bermudian (re)insurers over the potential abuse of finite reinsurance products.
  • Ashok Gupta, the architect of the £50mn+ Lloyd’s sponsored Kinnect project,has been replaced, Lloyd’s revealed today (19 January).
  • A total of seven different Lloyd’s syndicates have made cash calls, including Syndicate 271, Syndicate 506, Syndicate 744, Syndicate 957 and Syndicate 1101. The due date of the cash calls is 13 February.
  • Lloyd’s insurer SVB Holdings plc has cut the cost of its capital after arranging new banking facilities with Lloyd’s TSB.