All Run-off articles – Page 6
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New board members at ARC
ARC welcomes new members to the board, whilst bidding farewell to deputy chairman
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GLM Pool solvent scheme gets go ahead
Solvent scheme of arrangement sanctioned by High Court on 9 July
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Scottish Re hit by further departures
Scottish Re Group has announced the departure of Nathan Gemmiti, senior vice president and general counsel
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Scottish Re hires interim chief accounting officer
Scottish Re has named Duncan Hayward chief accounting officer while it continues to search for a permanent CFO
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AXA RE downgraded; outlook negative
AM Best has downgraded the ratings of AXA RE and revised its outlook to negative from stable
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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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Online onlyHard market reduces syndicate run-off
The current hard market has seen a drop in the number of Lloyd’s syndicates going into run-off
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Features
The value of run-off ratings
One of the biggest announcements at this year’s ARC Congress in London came from Standard & Poor’s, which announced it would be offering a ratings service to the run-off industry. But what is the actual value of run-off ratings, asks Helen Yates, and will it be welcomed by the industry?
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Supplements
Participants
Rhydian Williams(Chair) Head of Pools, Security & Insolvencies, Resolute Management Services (Equitas)Lee BrandonCEO, PRO Insurance SolutionsPeter HartleySenior Manager, Spectrum Syndicate ManagementPeter HughesDirector, Standard & Poor’sSean McDermottDirector, Quest GroupBeth ReesTechnical Specialist, Run-off Team, Financial Services AuthorityTom RiddellPartner, KPMGMark SimpsonManager, PRO Insurance SolutionsNick StimpsonDivisional Director, Discontinued Operations, CMGLDavid VaughanCEO, TAWAMaik WandresGroup CEO, ...
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Investment Analysis
Investment: Is run-off now sexy?
National Indemnity’s deal with Equitas has breathed life into the run-off industry and roused interest from a whole new generation of investors. Lindsey Rogerson takes stock.
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SupplementsRun-off revival - Introduction
Slowly but surely the ingrained prejudices about run-off are changing. This sizable and increasingly profitable business is no longer viewed as a “dead industry” but as a lucrative and innovative sector, which is attracting the keen attention of savvy investors.
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GR Focus
Exiting Bermuda style
With so many adolescent players, Bermuda is not an obvious centre for discontinued business. But Katrina provided some highly-visible run-off activity, which illustrates the market’s growing sophistication, explains Charles Thresh
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GR Focus
Preventing scheme attacks
Non-US schemes of arrangement are increasingly vulnerable to attack from US cedants, via Chapter 15 of the US Bankruptcy Code. Selinda Melnik offers some advice for scheme success
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GR Focus
Coming of age
The Equitas deal has thrust run-off into the international limelight and thrown open a door of possibilities. Philip Grant explores how legacy management came of age
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Supplements
Roundtable 4
Nick Stimpson: The consolidation side of it is an inevitable consequence of a developing and evolving market in a sense. With products being as they are in the market, I think there will be more consolidation over time because I suspect that pressures will be brought to bear on them. ...
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Supplements
Roundtable Part 3
Tom Riddell:?There are two ways to look at it though. I do not believe schemes are the solution for companies with a really high credit rating and a direct book. I think schemes are fine for reinsurance books, and for companies with a low credit rating. Schemes are something which ...
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Supplements
Roundtable Part 2
Maik Wandres: I agree. I do not see anything wrong with it. I would almost call it “capital recycling” because that will certainly be an issue and come to people’s attention under Solvency II by 2010. In the UK, the individual capital adequacy standards have had a big impact in ...
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Supplements
Roundtable Part 1
Rhydian Williams: Good morning and welcome to the Global Reinsurance London Market Run-off Roundtable. Certainly, run-off’s profile today is bigger than ten years ago. It is clearly in the market and growing. Is it expanding, or is it simply that the boundaries are being redefined? If it is booming, who ...
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Alea shareholders urged to accept takeover bid
Independent directors are urging Alea shareholders to accept the acquisition bid by FIN Acquisition
