News – Page 503
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Employers Re regains "A-" rating
AM Best has upgraded Employers Reassurance Corporation to “A-” from “B++” citing the support from its parent company GE
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QBE says storm claims within its target
QBE Insurance Group said that claims stemming from Australia's weekend storm were within its 2007 target
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Gallagher Re names Flower chief actuary
Gallagher Re has announced the appointment of Mark Flower as Chief Actuary for its UK operations
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Competition grows for life insurers
Years of organisational and structural changes have cranked up competitive pressures, warns an S&P report
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Capital market investors here to stay
Capital market investors will need more than another Katrina to be put off insurance, say panellists at an S&P conference
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S&P: Glacier Re cat bond assigned “B” rating
Standard & Poor's has assigned its “B” senior secured debt rating to the $75m class A notes issued by Nelson Re
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Glacier Re launches Cayman-based cat bond
Glacier Reinsurance has announced the successful launch of a $75m wind and quake bond
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Hedge fund firm buys insurer for $575m
DE Shaw is buying James River for $575m and will integrate the insurer into its new Bermuda reinsurance company
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CBNR cover remains unavailable, says Guy Carp
The availability of terror insurance has improved but there remains little cover for chemical, nuclear, biological and radiological risks
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Greenlight ratings unchanged after IPO
Greenlight Re's "A-" rating is unchanged after its successful $258m IPO and private sale of shares, says AM Best
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ACE Risk Management strengthens team
ACE USA has appointed Lou Capparelli to the position of senior vice president for ACE Risk Management
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Australian insurer hit by flood claims
IAG reveals more than 9,000 claims following storm on Australia's east coast
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EQECAT supports Caribbean cat solution
EQECAT is providing the modeling expertise for the newly created Caribbean Catastrophe Risk Insurance Facility
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Markel launches new management risks policy
Markel’s new offering provides combined protection against D&O and employment liabilities
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Paris Re units gain "A-" rating
The French and Swiss subsidiaries of Paris Re, formerly Axa Re, have been assigned an "A-" rating by S&P
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Brokers settle in Lloyd’s Central Fund dispute
Lloyd’s has reached a settlement with Aon and Benfield in relation to the New Central Fund dispute
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New slip checking technology unveiled
Insurance slip checking process at heart of new technology launced by Adsensa
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New president at CV Starr & Co
Jeffrey Hafter promoted to president, replacing William Weichold
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PCI urges US state not to copy Florida
The PCI is urging South Carolina not to allow its "market of last resort" to undercut rates offered in the private market
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Insurance executives back federal charter
More than three-quarters of the insurance executives at S&P's annual conference backed an optional federal charter