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Novae reels in Horn

Novae Insurance is building its presence in the Midlands with the appointment of Bronwen Horn as its...

Japan's Fuji Fire changes strategy; 600 jobs to go

(BESTWIRE) - Japan's Fuji Fire and Marine Insurance Co. Ltd. [85251] unveiled a strategic plan to rebuild its business with cost cuts, additional capital management cooperation with partners including American International Group [18540] and a shift in…

AIG collapse tied to value collapse in life sector

(BESTWIRE) The continued deterioration of American International Group Inc. is tied to the asset value collapse that is wreaking havoc across the life sector, AIG Chief Executive Officer Edward Liddy said after the company reported a record $61.7bn…

Swiss Re rights issue unlikely in 2009

It is unlikely that troubled Swiss reinsurer Swiss Re may raise money in a rights issue unless it absorbs over 9bn CHF of asset losses in 2009, said analysts at Deutsche Bank.

Hiscox makes management changes

Hiscox has said that Charles Dupplin, currently chairman of Hiscox's art and private client division and director of mergers and acquisitions, will succeed Rob Childs as chief executive of Hiscox Bermuda. Charles will take up this new role in April 2009,…

MMA launches Internal Risks proposition

Broker insurer MMA Insurance has launched a new Motor Trade Internal Risks product. It has been developed following feedback from MMA's broker base and is designed to offer smaller motor traders cover for their premises and liabilities.

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