September 2009/3
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Lloyd's insurer Amlin is set to become a partner to the Heineken Cup and the European Challenge Cup...
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Markel announces $350mn debt offering; QBE acquires Cigna portfolio; JLT partners with Beazley on E&O programme...
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Scottish judge Lord Glennie's comments on the fundamental issue of fairness effectively halted the Scottish Lion solvent scheme of arrangement and could block progress on schemes currently in the pipeline.
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The industry is effectively two-thirds of the way though the worst of the North Atlantic hurricane season, provoking a leading (re)insurance analyst to suggest the prospect of better-than-expected earnings this year.
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Lord Peter Levene, chairman of Lloyd's, has lambasted those who question whether the competitiveness of the City should take precedence in the UK, insisting it is "an absolute priority".
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The Lloyd's second syndicate capacity auction took place last week, with average prices up once again on last year.
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After Lloyd's (re)insurers submitted their 2010 business plans to the franchise department last week, the 300 year-old market will begin next year at its largest ever size in terms of capacity.
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Ratings agency Fitch has changed its outlook on Novae Group's UK FSA-authorised insurance subsidiary, Novae Insurance Company Ltd (NICL), from stable to negative.
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Warren Buffett passed on the chance to buy a "very large" property and casualty (P&C) operation valued at some $25bn from American International Group (AIG), just as the financial crisis was breaking this time last year.
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The Hartford Financial Services Group has hired former American International Group (AIG) senior executive Stephen Whelan to replenish its recently raided financial products division, along with 18 other new appointments, The Insurance Insider has learned
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The $130mn settlement that Willis Group made with CNA on the 11 September effectively ends another chapter in the internecine conflict...
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Liberty Syndicates is one of the insurers exposed to the Willis errors and omissions (E&O) insurance relating to multi-million dollar settlements for the infamous London PA reinsurance spiral of the mid-to-late 1990s, The Insurance Insider has learned.
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