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Amlin Bermuda receives double rating boost
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.
03 January 2006
Lloyd's considers new limited partnership
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.
01 February 2004
Fitch upgrades ZFS financial strength
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+”.
22 August 2005
Chaucer helps PXRE exit Lloyd’s
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...
05 December 2005
Partner Re estimates Algerian exposure
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.
26 January 2004
Hiscox plans first Lloyd’s sidecar
Hiscox plc revealed on 1 September that it is close to setting up a Bermudian sidecar operation to reinsure its Lloyd’s Syndicate 33.
08 September 2006
No end to finite investigations with more subpoenas
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.
20 June 2005
Gupta leaves Kinnect
Ashok Gupta, the architect of the £50mn+ Lloyd’s sponsored Kinnect project,has been replaced, Lloyd’s revealed today (19 January).
19 January 2004
Lloyd’s cash calls
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.
19 January 2004
SVB restructures top layer of debt
Lloyd’s insurer SVB Holdings plc has cut the cost of its capital after arranging new banking facilities with Lloyd’s TSB.
04 July 2005
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