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Insurance
After many years of softening, the excess and surplus lines market is now in a state of rehabilitation—but its health remains delicate and some smaller managing general agents have struggled and could ultimately be forced out of the market. 29 May 2013
Insurance
Berkshire Hathaway (BRK) has become the first high profile victim of Standard & Poor’s recent revision of the methodology it uses to evaluate insurance companies. 17 May 2013
Insurance
Endurance Specialty Holdings, a Bermuda-based specialty provider of property and casualty insurance and reinsurance, will recruit Joseph Rainone to head the company’s Excess & Surplus (E&S) lines Excess Casualty team. 16 May 2013
Insurance
Standard & Poor's (S&P) says that, though delayed, the proposed European framework for insurance regulation, Solvency II, is still very much needed. 15 May 2013
Insurance
New criteria for rating insurance companies unveiled by rating agency Standard & Poor’s (S&P) this week is likely to result in ratings changes – including downgrades – but it’s not yet clear how many insurers will be impacted. 8 May 2013
Insurance
Mark Hews has been appointed as group chief executive officer at Ecclesiastical – the UK specialist insurer of charities – after joining the company in 2009 as group chief financial officer and executive director of Ecclesiastical Insurance Office. 2 May 2013
Reinsurance
Brit Insurance and Maiden Holdings have agreed a deal that will see Maiden's Excess and Surplus (E&S) unit, Maiden Specialty, complete a temporary 100 per cent quota share reinsurance agreement with Brit Global Specialty. 24 April 2013
Insurance
US insurer Allstate has launched a new catastrophe bond. The deal’s initial size has been marked up as $250m but speculation is already mounting around by how much it could increase in size given the appetite of capital markets investors at the moment and Allstate’s large appetite for such coverage. 24 April 2013
Insurance
Inadequate loss reserves and pricing proved much greater threats to the financial stability of US insurers last year than catastrophic losses – despite a number of costly catastrophes hitting the insurance industry in recent years. 11 March 2013
News
Bermuda-based Endurance Specialty Holdings has announced that Jerome Faure will join the company on March 11 as CEO of global reinsurance. He will be responsible for Endurance’s North America, Bermuda and international reinsurance operations. Most recently, Faure was a partner in ILS Capital Management in Bermuda focused on insurance linked securities, industry loss warranties and collateralized reinsurance. Prior to that, he served as director and chief underwriting officer for Tokio Millennium Re. He started his career at Scor. 27 February 2013
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