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Ace expands Australian fac portfolio

27 August 2010

Ace Asia Pacific has expanded its direct & facultative portfolio in the region with two key hires… Read more

AIG D&O insurers reach $90mn settlement

27 August 2010

Another chapter in the substantial book of US-led litigation in relation to former American International Group (AIG) CEO Maurice Hank Greenberg and his old company was settled this week with those on the Directors' & Officers' (D&O) programme agreeing a $90mn settlement… Read more

Glacier Re enters run-off

27 August 2010

Swiss-based reinsurer Glacier Re's portfolio of business has been placed into run-off with immediate effect, having failed to find a buyer despite being up for sale for some time… Read more

$82bn needed for market turn

27 August 2010

An $82bn hurricane or a $72bn earthquake are the size of catastrophic events that are needed to reverse the soft market, according to Aon Benfield… Read more

Chaucer US D&F shifts gears to excess

27 August 2010

Chaucer's US Direct & Facultative (D&F) division intends to write less primary business and concentrate on high excess business going forward, the company said this week as it unveiled pre-tax H1 profits which fell by 59 percent to £7mn in the first six months of the year… Read more

Amlin leads $31mn Chinese air crash

27 August 2010

Lloyd's (re)insurer Amlin leads the cover on the passenger plane that crashed in the Heilongjiang province of China on Tuesday with 96 people on board, killing 42… Read more

Endurance swoops for Latin America with Falcon

27 August 2010

Bermudian (re)insurer Endurance Specialty Holdings (ESH) has hired Arturo Falcon from Odyssey America Re to head its Latin American reinsurance operations… Read more

Lloyd & Partners continues Aon energy raids with McNamara hire

27 August 2010

London wholesaler Lloyd & Partners has recruited onshore energy reinsurance specialist Chris McNamara from Aon Benfield as part of an ongoing investment in its energy practice which will also see the arrival of direct energy specialist Gerald Hession from Aon… Read more

Storms threaten eastern seaboard as peak season hits

27 August 2010

Despite warnings of increased hurricane frequency and severity in 2010, so far activity has been fairly benign… Read more

Marsh warns against ending TRIA

27 August 2010

Discontinuation of the US Terrorism Risk Insurance Act (TRIA) would have an adverse effect on the long-term availability and affordability of terrorism insurance, according to Marsh… Read more

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