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01 July 2009
US reinsurance pricing at the July 1 renewals continued the trend set at the June 1 renewals, increasing by 10% to 15%, reinsurance brokers Aon Benfield, Willis Re and Guy Carpenter reported.
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24 June 2009
Bermudian companies are perceived as being particularly vulnerable to a big catastrophe event compared with onshore competitors. Reactions asks the island’s leading CEOs and observers how prepared the market is.
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23 June 2009
Pamplona Capital Management’s decision to increase its stake in Lloyd’s insurer Chaucer to 9.26% could scupper Brit Insurance’s rival offer for the firm, an analyst has told Reactions.
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18 June 2009
Lloyd’s competitive strength during the financial crisis has led to capital raising and consolidation within the Lloyd’s market, a new report by Aon Benfield has revealed.
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15 June 2009
The capital markets cannot be relied on to recapitalise firms as a result of the financial crisis. The upshot is that a big hurricane loss this year could have dire consequences for the industry.
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15 June 2009
Insured catastrophe losses in Asia may still be tiny, but the international insurance industry is beginning to wake up to the region’s prospects.
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17 June 2009
The sale of Conning and Company to private equity firm Aquiline Capital Partners will positively affect Swiss Re, by lowering the reinsurer’s capital requirements.
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15 June 2009
A merger between IPC Holdings and Validus Holdings would result in a firm with too high a concentration of catastrophe-exposed business, an equity analyst has warned.
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09 June 2009
The financial crisis is pretty much over as far as the insurance industry is concerned, according to Patrick Thiele, president and CEO of Bermudian reinsurer PartnerRe.
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09 June 2009
AIG has suffered a barrage of accusations that it is cutting prices since it had to be bailed out by the US government in September last year. Today, Nicholas Walsh, vice-chairman of AIU Holdings, hit back.
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08 June 2009
This year's International Insurance Society conference opened strongly today (June 8) with an executive panel of world leaders. However, the panellists gave a gloomy outlook towards economic conditions in the coming year.