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March 2010
Endurance Specialty Holdings, a Bermudian insurance and reinsurance firm, has announced the appointment of Joan deLemps as chief underwriting officer.
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Aspen Insurance Holdings has announced its preliminary loss estimates for the Chile earthquake, European Windstorm Xynthia and the Australian hailstorms and floods.
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Axis Global Accident & Health, a division of Axis Capital Holdings, will now actively market accident and health insurance coverage in the US.
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Bermudian insurance and reinsurance group White Mountains Insurance Group has estimated its total net losses resulting from the Chilean earthquake will be between $55m and $145m pre-tax, or $40m and $105m after tax.
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Warren Buffett’s investments in Swiss Re and Munich Re mean he increasingly pulls the strings in the reinsurance industry. But is the revered investor’s growing influence a blessing or a curse?
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Bermudian insurance and reinsurance firm Arch Capital Group today announced the catastrophic events of the first quarter of 2010 will have a negative effect on pre-tax earnings for the quarter.
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Argo Group International Holdings announced today it expects its initial loss estimate from first quarter 2010 catastrophe events will be $25m to $35m, net of reinstatement premium and tax benefits.
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With underwriting income falling, the question for insurers’ investment departments is whether they are willing to take more risk on the asset side to boost returns.
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Reinsurance firm Flagstone Reinsurance Holdings today announced its intention to change the company’s place of incorporation from Bermuda to Luxembourg.
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Axis Capital Holdings unit, Axis Specialty Finance, is issuing $500m of notes.
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XL Capital has estimated preliminary net losses of between $140m and $205m from the earthquake in Chile.
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The government ownership of a large part of AIG is an offence to AIG’s competitors, Michael McGavick, CEO of Bermudian insurance and reinsurance group XL Capital, has charged.
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Allied World Assurance has re-shuffled its senior level management in Bermuda, Europe and the US.
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Global gross premiums written by Bermudian reinsurers remained flat in 2009, according to data released today by the Association of Bermuda Insurers and Reinsurers (ABIR).
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Insurance leaders should not fool themselves that the industry’s recent strong underwriting returns are down to good management, Ted Kelly, CEO of US insurer Liberty Mutual, has warned.
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Tax came up as an issue that concerns insurance leaders, though for different reasons, at the World Insurance Forum.
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Montpelier Re Holdings has announced a preliminary estimate of losses from the recent Chilean earthquake, European windstorm Xynthia and the Australian hailstorms.
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Ace Bermuda has announced two senior appointments to its professional lines department.
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Bermuda-based Axis Capital Holdings has provided its catastrophe loss initial estimates for the Chile earthquake and European windstorm Xynthia.
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Endurance Specialty Holdings, the global specialty provider of property and casualty insurance and reinsurance, has announced its initial loss estimate for the earthquake in Chile and windstorm Xynthia in Europe.
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Max Capital Group’s preliminary estimates of combined claims for the Chilean earthquake and the European winter storm Xynthia range from $10m to $20m, net of reinstatement provisions and retrocessions.
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RenRe North America Holdings will issue $250m of senior notes in an underwritten public offering. The notes, maturing in 2020, will offer a coupon of 5.750% and are backed by parent, RenaissanceRe Holdings.
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Flagstone Reinsurance Holdings, the global reinsurance and insurance company, has announced its preliminary estimate of claims relating to its exposure to the earthquake in Chile is $50m net of reinstatement premiums and retrocession.
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Don Kramer has stood down as CEO of Ariel Holdings.
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The merger of Bermudian firms Max Capital Group and Harbor Point has been termed a merger of equals. Reactions spoke to the CEO’s of the two companies and an analyst to get the perspective from all sides on what the future holds for the combined company Alterra Capital Holdings.
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Validus Holdings, the Bermuda based provider of reinsurance and insurance, today provided an initial estimate of losses from the recent Chilean earthquake and European windstorm Xynthia.
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Everest Re has estimated its preliminary loss owing to the earthquake in Chile at about $225m.
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A unit of PartnerRe has raised $500m through a 10-year note sale. PartnerRe Finance has issued the senior notes, maturing June 1, 2020.
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RenaissanceRe has announced the impact of the Chilean earthquake and windstorm Xynthia on its financial results could be material.
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The Association of Bermuda Insurers and Reinsurers today filed its opposition to a house bill which would replace private sector risk bearing capital with government reinsurance and government guarantees of state debt.
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Endurance's new CEO will be looking to continue the work done under eight years of Ken LeStrange's leadership but won't be afraid to make big changes if necessary, he tells Reactions in an exclusive interview.
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The Bermudian holding company Kinsale Capital Group, has announced the formation of Kinsale Insurance Company (KIC), a specialty insurance operation based in Richmond, Virginia.
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The amalgamation deal between Max Capital and Harbor Point to form Alterra Capital is being deemed a ‘modest positive’ by analysts.
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Consolidation rumoured on Bermuda.
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Bermudian firms Max Capital Group and Harbor Point have announced they have agreed to a merger.