All North America articles – Page 13
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Benfield in $20.5m sidecar investment
Globe Re will underwrite business for Florida catastrophe exposure
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AM Best affirms Flagstone Re ratings
Assessment cites strong risk-based capital and solid operating results
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S&P lowers RAM Re ratings
Downgrade due in part to losses in reinsured subprime, mortgage-backed securities and CDOs
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Aon seals deal on contingent commissions
Firms bought by the broker will have three years to apply rules
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AM Best affirms Travelers ratings
Positive ratings reflect ‘strong capitalisation and earning power’
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MetLife to divest stake in RGA
Common stock to be recapitalised into two classes and offered to MetLife stockholders
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AM Best rates Valais Re notes
Assessment relates to retrocession agreement with Flagstone companies
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Flagstone buys retrocession cover from cat bond
Multi-year indemnity deal with Valais Re ‘gives more price certainty’
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RMS unveils hurricane parametric index
Tool is ready to support the 2008 Atlantic basin hurricane season
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‘Above norm’ storms prediction reduced
2008 will be 20% higher than standard rather than previous forecast of 35% higher
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AM Best assigns ratings to Starr
Assessment reflects ‘sound business plan and solid risk-adjusted capitalisation’
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Run-off fight ‘must move to UK’
US insurers plan to appeal following federal judge’s ruling
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Narrow margins ‘could hurt US ratings’
S&P: price deterioration in commercial lines is likely to impact profits
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Willis appoints aerospace executive
Neil Getter, formerly of Aon, will be based in New York
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Be prepared for a big storm season - Aon
Risk managers and insurers should have “robust strategies” in place
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Transatlantic Re elects new officers
Vice presidents appointed for London, Miami, San Francisco and Stamford
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Brit appoints divisional underwriting director
Jonathan Nunes-Carvalho to specialise in property and space
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Florida pension fund sues AIG
Law suit alleges that insurer inflated the price of its sub-prime linked securities
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RenaissanceRe announces quarterly dividend
Stock repurchase authorisation expanded up to $500 Million