News – Page 493
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Montpelier Re forms Swiss subsidiary
Montpelier Europa AG to provide marketing services for Syndicate 5151
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JLT creates largest Bermudian broker
Acquisition of Park Bermuda for $11.8m will create largest broker on the island
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A year of record results
Report shows 2006 was a record year for Bermuda reinsurers after low of 2005
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Guy Carp to release UK flood model
Model will focus on exposures in London and provide flood extents for sea surges and 1-in-250 year events
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ACE gains third license in Bahrain
New office will write domestic and fac reinsurance business
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Atrium and Ariel under review
AM Best Places ratings of Atrium and Ariel under review following acquisition announcement
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PCI against wind coverage in flood bill
Association foresee “federal government fund” creating unnecessary competition
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New Q2 record for EMC
On the back of record second quarter earnings, EMC revises annual income guidance
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Ratings upgrade for Patriot
AM Best upgrades ratings following recent merger with Frankenmuth
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Aon restructures crisis management division
Company transfers kidnap business to Hiscox in order to focus on its global network
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Amlin opens Singapore office
Amlin Singapore to use Lloyd's Asia platform and to be headed by Chris Beazley
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Moody's rates AIG's $22bn shelf
Moody's has assigned provisional ratings to a new $22bn multi-purpose shelf registration of American International Group
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Talanx ratings unaffected by domestic take-over
German company now likely to seek major foreign acquisition to reduce domestic exposure, according to AM Best
