Lloyd’s/London

Asbestos hits Everest 4Q but analysts happy

Bermudian reinsurer, Everest Re saw its fourth quarter combined ratio battered as it felt the effect of its recent bolstering of asbestos-related reserves, but market analysts reacted favourably to the clean-up operation.

Insurer outlines Irish growth plans

Canopius today announced its intention to establish a business unit in Dublin – Canopius Ireland. The launch of the new unit, which will be later in 2008, is subject to necessary regulatory consents.

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