News – Page 359
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Online onlyCoface downgraded by S&P
Credit insurer suffers following strategic review by owner Natixis
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Online onlyBuffett takes $30m risk on France winning World Cup
Berkshire Hathaway faces mega pay out if France lifts World Cup trophy
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Online onlyChile earthquake destroys 1.5m homes
RMS: 90% of property policies carry earthquake cover; earthquake was in top 10 most powerful
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Online onlyArgo International expands into marine cargo
Nick Derrick taken from Chubb to lead new line
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Online onlyWindstorm Xynthia leaves a trail of destruction
45 people killed in France and Germany by ‘worst storm since Lothar’; cost to exceed €1bn.
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Online onlyHannover Re wins special status in Florida
Reinsurer becomes the first to qualify as an eligible reinsurer under new collateral terms
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Online onlyCaribbean rainfall model launched
Enables regional cat fund to issue excess rainfall insurance
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Greenlight Re releases improved results
Cayman Islands company recovers its investment performance
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Online onlyMarkel appoints general manager for Sweden
Anne-Sofia Hedin promoted from operations manager
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Online onlyEndurance smarting from shareholder comments
Largest backer says reinsurer ‘should pursue a merger’
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AM Best says non-life reinsurance is ‘stable’
Reinsurers endure financial crisis while adhering to underwriting discipline
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Online onlyValidus releases record results
Bermuda reinsurer sees best quarter for operating income and expands share repurchase
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Torus attracts $185m of private equity
Additional financing from Corsair boosts (re)insurer’s equity capital to more than $1bn
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Online onlyArgo Group releases record 2009 results
Specialty (re)insurer benefits from 'diversified business platform’ and lack of storm activity
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Aegis London enters reinsurance treaty business
Chris White joins as underwriter from Odyssey Re
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Online onlyEndurance chief Ken LeStrange to step down
David Cash promoted to CEO from CUO, Bill Jewett becomes president; Le Strange remains as chairman
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Platinum Underwriters reports record results
Bermuda reinsurer's net income was $383m for 2009; CEO points to disciplined approach and low cat loss.
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Online onlyEndurance reports record results
Bermuda reinsurer saw net income rise to $536m; ‘excellent strategic position’ into 2010.
