News – Page 497
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Sub-prime exposure affects Scottish Re
Moody's has changed the outlook on Scottish Re to stable from positive as a result of the company's US sub-prime exposures
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New hire for Lloyd's South Africa
Litha Mveliso Nyhonyha has been appointed general representative for Lloyd's in South Africa
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EQECAT: Dean losses around $2bn
EQECAT also estimates that overall losses in Mexico will be less than $250m
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Lancashire CFO given risk role
McConachie appointed as chief risk officer, in addition to his current role as CFO
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AM Best comments on PartnerRe Europe
PartnerRe's ratings remain unchanged following the announcement of its European consolidation
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Max Specialty names chief marine underwriter
Michael Miller has joined Max Specialty as chief underwriting officer
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Online onlySwiss Re and Ascendant in cat swap
Reinsurers take part in inaugural catastrophe derivatives trade
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Online onlyDean spares Mexico; losses above $400m unlikely
Dean is “most intense Atlantic hurricane to make landfall in two decades”
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Online onlyUS re/insurers to escape subprime crash
The “conservative” US P/C industry’s exposure to subprime is less than $15bn, says Moody’s
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CIG and New Castle sidecar rated
AM Best has assigned debt ratings to Cayman-based Emerson Reinsurance
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Axiom launches claims management tool
Cat5 to provide scalable claims management for reinsurers in the wake of major catastrophes
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Brit expands personal accident team
Keith Thorogood, who joins Brit Insurance from Catlin, appointed as personal accident underwriter
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Allianz Global ratings affirmed
AM Best affirms ratings of Allianz Global Corporate & Specialty AG
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Hart joins Willis Commercial Network
The Willis Commercial Network welcomes Hart as a new member
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Online onlyCat 5 Dean blasts into Mexico
Hurricane Dean has slammed into Mexico’s Yucatan Peninsula as a violent category 5 storm
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Munich Re joins UN initiative
Global Compact initiative promotes human rights and environmental standards
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S&P: testing times ahead for GMIs
GMIs face a challenging second half of the year in the face of a flagging p/c market, according to a new report by S&P
