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A.M. Best predicts European resilience

Europe01-10-2010Insurance News

At its recent London briefing, A.M. Best indicated that the European non-life industry continues to “display strong resilience” in the face of difficult conditions.

Bolt outlines tougher claims approach


“If you don’t meet the service standard, you can’t do the service.”

Hardy Underwriting establishes Asia platform

Asia Pacific, Singapore01-10-2010Insurance News, Reinsurance News

Hardy Underwriting has opened a new office in Singapore as the insurance and reinsurance underwriter looks to develop its presence in Asia.

Lloyd's considering Moscow office

Europe, Russia01-10-2010Insurance News

Lloyd’s chairman Lord Levene has revealed that the market is “actively considering” creating a presence in Russia.

CV Starr opens Paris office

Europe01-10-2010Insurance News

New York-headquartered underwriter and insurer, CV Starr, has opened its Paris office as the firm looks to develop its European presence.

Swiss Re announces a change in leadership

Europe01-10-2010Reinsurance News

The reinsurance giant announced the switch in executive level positions and the appointment of a new chief risk officer, new chief operating officer and a chairman of global partnerships.

Share buybacks gather pace

Bermuda, North America01-10-2010Capital Management News

Platinum Underwriters Holdings repurchased 2.2 million of its common shares for $91.8 million during the three months ended September 30, 2010.

Brokers point to excess capital effects

Asia Pacific, Europe, Latin America, MENA, North America01-10-2010Insurance News, Property cat, Reinsurance News

Reinsurers find themselves with excess capital in a landscape that “looks more like 2007 than 2008”, according to Guy Carpenter, which predicted overall rate decreases in the property catastrophe reinsurance market.

Less than half of US reinsurers have a reinsurer unit

North America01-09-2010Insurance News, Reinsurance News

Just 44 percent of US insurers have their reinsurance administered by a dedicated department, according to a survey conducted on behalf of Inpoint Services.

Accounting change could transform insurers' access to funds

Asia Pacific, Europe, Latin America, MENA, North America01-09-2010Capital Management News, Insurance News

New accounting standards could improve insurance financial reporting and transform the relationship between insurers and investors.

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