News – Page 361
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Aon Benfield launches FAConnect
Ascot Underwriting one of the initial placement partners
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British Virgin Islands updates insurance rules
Change will open the door to more sophisticated types of insurance and reinsurance
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Beazley expands in US and Norway
New office planned in Oslo. Paul Gulstrand hired to head accident & health insurance in the US
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Ethiopian Airlines plane crashes near Beirut
90 feared dead. ACE thought to be insurer of the Boeing 737-800
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Online onlyLockton in Korea partnership
Insurance broker partners with IMI and invests in Seoul-based Broker
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Online onlyQatari (re)insurer adopts Islamic practices
Al Khaleej Insurance and Reinsurance becomes an entirely takaful operation
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White Mountains Re in run-off buy
Central National Insurance Company to be acquired for $5m
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Gen Re settles charges
Buffet subsidiary settles charges about "sham" reinsurance contracts in 2000
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Online onlyNear-term hurricane models ‘can’t be trusted’
Karen Clark & Co says figures are not credible; study examines ‘Hurricane Frequency Paradox’
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Online onlyFirst parametric index for US earthquakes
RMS tool correlates magnitude and expected loss for cat bonds, ILWs and derivatives
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Online onlyUK ‘taking closer look’ at reinsurance transfers
Tax officials no longer giving ‘rubber stamp’ following German VAT ruling on Swiss Re
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Endurance appoints head of Bermuda Healthcare Insurance
Kim Morgan promoted after seven years as an underwriter
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Online onlyRLI expands into crop reinsurance
US specialty insurer signs quota share deal with ProAg
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Online onlyLloyd’s syndicate gains Japanese investment
ACAL, owner of Syndicate 1965, receives new capital from Mitsui Group
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Ironshore in life sciences deal with Allianz
Agreement provides international access to underwriters for coverage of clinical trials
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Online onlyAntares forms new Lloyd's managing agency
Antares now manages Syndicate 1274, formerly managed by Chaucer
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Ceres Re launched
Munich Re-backed retro underwriter launched at Lloyd's. Retro capacity increasing as reinsurers strive for more business
