All Top News Stories of The Week articles – Page 10
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Buffett could testify in fraud trial
Warren Buffett is called as a witness in the finite case that caused Hank Greenberg to leave AIG
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Florida regulator to relax collateral rules
100% collateral requirement “is a barrier to investment by foreign reinsurers in the Florida market”
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Online onlyLarge earthquake triggers Caribbean cat pool
Two Caribbean Catastrophe Risk Insurance Facility participants, Dominica and Saint Lucia, will likely receive a payment
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Scor sponsors EUR160m cat bond
Cat bond provides Scor with retro cover for European wind or Japan quake events
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Catlin reveals $75m subprime exposure
Writedown will be offset by low catastrophe incidence, says Stephen Catlin
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Max Capital opens new US unit
New York-based Max Managers will be led by Bernard (Buddy) Anckner
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Montpelier Re launches US fac unit
Doug Johnson, vice president and manager of the Western Region, will lead the new unit
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Willis names European CEO
Flavio Piccolomini has been appointed CEO for Continental Europe
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Online onlyHardy to up Lloyd's capacity for 2008
Capacity for Syndicate 38Twenty will increase to £75m from £65m; insurer says margins "look acceptable"
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Kiln sees 2% drop in rates
Reiterates plans to reduce its syndicate capacity due to softening market
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Reinsurance premiums dip for Brit
Premiums rates are “under continued downward pressure”
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Solvency II clears another hurdle
Third quantitative impact study was a “crucial exercise” in testing the design of Solvency II
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AM Best: Swiss Re on negative review
Swiss Re’s ratings are placed on negative review due to its $1bn “credit crunch” loss
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Florida regulator denies Allstate rate hikes
Rates do not reflect the expansion of the Florida Hurricane Catastrophe Fund, says regulator
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AM Best: Endurance ratings upgraded
Upgrades reflect Endurance's excellent capitalisation, strong financial flexibility and risk management controls
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Swiss Re takes massive subprime hit
Blames $1.07bn loss on the “unprecedented and severe ratings downgrades undertaken by the rating agencies”
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NAIC reveals draft reinsurance proposals
New framework proposes a single-state US regulator
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Fitch upgrades Montpelier Re
Ratings reflect Fitch's "heightened comfort with Montpelier Re's risk management practices and risk profile"
