News – Page 339
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Online onlyFirms must brace for globalisation risks – Lloyd’s
Financial crisis only the first systemic shock
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Online onlyCatastrophes to cost Argo $20m-$25m in Q2
Charge includes Deepwater and additional information on the Chilean earthquake
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Online onlyShore Re cat bond launched
Massachusetts Property Insurance Underwriting Association taps capital markets
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Online onlyACE names Furby head of global p/c
Joseph Clabby to become president of ACE Continental Europe
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Online onlyBrokers’ opinion of Lloyd’s improves
Study finds 84% are “very positive” about conducting business in the market
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Online onlyFirst-half cat losses are double average
Insured losses $22bn so far this year, says Munich Re
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Online onlyChaucer launches new offshore energy agency
Syndicate 1084 partners with ScandIns to write Scandinavian marine risks
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Online onlyMaiden to buy GMAC UK’s reinsurance business
Deal includes nearly $100m of personal motor renewal rights
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Online onlyTokio Millennium seeks head for new Swiss unit
Reinsurer confirms Russell Brooke will lead Australian unit
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Online onlyTokio Marine to expand and restructure
Firm will set up new reinsurance and insurance divisions
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Online onlyArgo International hires product development head
Tony Cabot to help drive firm’s international expansion
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Online onlyReinsurance rate rises limited to cat hit areas
Aon Benfield and Guy Carp report falling prices at July 1 renewals
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