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Pembroke retrenches from D&F as Todd returns to Bermuda

Ironshore's Lloyd's Syndicate, Pembroke 4000, has cut back its property direct and facultative (D&F) book after a mixed performance which has seen its underwriter, Rod Todd, relocate to Bermuda from London, Inside FAC can reveal…Read more

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Total contains Elgin well

The energy (re)insurance market was provided with some cheer this week after Total revealed it has managed to stop the leak at its Elgin North Sea gas platform- ahead of expectations…Read more

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Aon sued by Kleen Energy contractors over defence costs

Contractors for the Kleen Energy gas and oil-fired plant in Middletown, Connecticut are suing Aon over alleged deficiencies in the provision of liability cover for their joint insurance programme…Read more

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JLT and RKH hire Aon Benfield Fac specialists

Aon Benfield Fac has lost two of its regional specialists to rival JLT Re and London independent broker RK Harrison, Inside FAC has learned…Read more

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Property D&F rates climb at Hardy

Hardy Underwriting Bermuda, currently being sold to CNA, saw direct and facultative property rates increase by an average of 6.5 percent during the first quarter of the year though volumes were down nearly 20 percent as gross written premium fell to £31.7mn…Read more

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Insurance Council of Texas estimates $1bn tornado loss

Insured losses from the tornadoes that devastated parts of Texas in April are likely to reach $1bn, with more bad weather expected in May, according to the Insurance Council of Texas…Read more

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Hyperion valued at £165mn

Professional indemnity specialist Hyperion Group's value stands at some £165mn, it was revealed this week after the sale of a substantial portion of stock…Read more

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Amlin highlights US property

Direct and facultative (D&F) property risks were the star of the show for Amlin's US property casualty business in the four months to 30 April, with average renewal rate increases of 7.7 percent…Read more

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D&F writers face $805mn Sony loss

Confirming widely held loss estimates, direct and facultative (D&F) writers had confirmation this week that they will be on the hook for some hefty claims in relation to Sony Corporation…Read more

Country profile: Russia

As Russia tentatively opens up to more outward reinsurance and with an influx of foreign capital into the local market, the opportunities for facultative writers remain undiminished. Inside FAC tracks the Russian bear… Read more