Lloyd's of London News – Page 115
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Brit enters three-year cat swap deal
Brit Insurance Limited agrees three-year catastrophe swap contract with Cayman-based Fremantle
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Litcomp signs reinsurance deal for ATE subsidiary
12-month treaty will increase subsidiary's capacity
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NMB expands into capital markets
Newman Martin and Buchan Limited (NMB) launches a capital markets division to complement its reinsurance advisory and placement services.
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Aspen move to peer-to-peer may encourage electronic take-up
The number of Lloyd’s insurers trading electronically could be set to rise after Bermuda-based Aspen Re became the first company to follow in the footsteps of the Group of Six (G6) in adopting the peer-to-peer platform.Using the data standards and processes agreed by the G6 in 2006, Aspen Re ...
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Fewer tropical storms
Insurers could be hit with fewer tropical storm claims in 2007 if Met Office predictions for a below-normal season prove correct.The Met Office has revealed there are likely to be 10 tropical storms in the North Atlantic during the July to November period.This is lower than the 1990-2005 long-term average ...
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Insurers threaten to withdraw flood cover
Insurers could start to withdraw flood cover if the government fails to increase its flood defence budget in the forthcoming comprehensive spending review. The ABI this week released its manifesto on climate change calling for a £750m a year increase in flood defence spending. Insurance Times has also learned the ...
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FeaturesThe value of product cover
The rise in the number of companies choosing to import cheaper products from countries outside the EU has coincided with a rise in the number of product recalls. Mark Hutton assesses the insurance implications for companies in the import, distribution and retail chain
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Insurer calls for action on UK's most dangerous roads
Study finds the UK's three most dangerous roads
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Zurich names new chief underwriting officer
Zurich announces brace of senior management appointments, naming Kerner global chief underwriting officer
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ABI warns ‘deal with the consequences of climate change’
ABI manifesto calls on government to develop strategy to deal with the effects of climate change
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Fortress: Alea offer unconditional
FIN acquistion secures necessay 61% of shareholder votes
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Lancashire deal guarantees equity capital source
Lancashire continuity equity arrangement provides capital at floor price
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Gallagher Re names chief actuary
Former RK Carvill actuary chief to lead international analytics team
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AXA upgraded to 'AA'
Standard & Poor’s cites Winterthur integration and excellent ERM in rating decision
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Benfield confirms £8m hit from Lloyd’s settlement
Benfield reveals financial impact of Lloyd's central fund settlement
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Alarm call from Norwich Union risk services
25% of companies may have inappropriate alarm systems
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Ironshore Insurance gains surplus lines eligibility to underwrite in Texas
Bermuda-based, Ironshore Insurance has over $1 billion of capital and can now write property and casualty insurance in Texas
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XL warns on product recall
Changes to EU legislation has increased risks for UK companies
