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Hiscox cancels pioneering Panther sidecar

Lloyd's and Bermuda specialit (re)insurer Hiscox has revealed that Panther and its Lloyd's Syndicate 33 have agreed that the quota share deal between Panther Re and Syndicate 33 covering the 2007 year of account will not be renewed for 2008.

Hiscox said that Syndicate 33 expects that some of the business previously ceded to Panther will be retained for its own account, some will be ceded to other re-insurance partners and some risks will

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