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Aon Re study says US hurricane insurance doesn’t pay

An Aon Re study released today purports to show that average expected results for homeowners insurance in hurricane-prone US states are insufficient to cover the cost of capital. The broker said that even before Hurricane Katrina made landfall,…

Endurance raises $200m and wants $400m more

Bermudian (re)insurer Endurance Specialty Holdings has announced that it has agreed to sell ordinary shares to raise approximately $200m in total proceeds, and that it intends to offer preferred securities and senior notes to the value of $400m.

AMG in management buyout

Hermes Private Equity has backed a £62m management buyout of Ashworth Mairs Group, as predicted by Post Magazine last week (PM, 29 September 2005, p1).

NU in healthcare buy

Norwich Union Healthcare has completed the acquisition of Private Health Care, one of the largest independent providers of occupational health solutions in the UK.

Motor premiums falling, survey claims

New research from the financial services monitoring firm Consumer Intelligence shows that motor insurance premiums have fallen over the last 12 months.

Willis survey: D&O continues to benefit policyholder

Responses to the Willis index for the third quarter of 2005 by Directors’ and Officers’ Liability insurers from non-US companies continue to show that there are meaningful gains for purchasers of D&O Liability Insurance in both premium rates and coverage…

ACE joins rush to recapitalise with $1.25-$1.44bn share issue

ACE Limited has announced that it intends to commence make a public offering of $1.25 billion of its ordinary shares, plus up to an additional $187.5m of ordinary shares which are subject to a 30-day option granted to the underwriters of the deal.

Fusion highlights employers' duty of care

Fusion Insurance is offering on-line health and safety training to all policyholders and their employees.The decision to introduce the service followed a 9% increase in the number of UK work related injury claims faced by employers last year, a Fusion…

Aon: broaden cover or lose premium

Half of all European multinationals want greater cover from their property insurers, particularly in relation to business interruption, and would be prepared to trade premium rate reductions in return according to a survey by Aon.

Mawar strikes Japan

A powerful typhoon has struck near Tokyo, Japan, killing one person and injuring at least two. Typh...

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