“Precautionary” IPCRe notice to put AWAC in control of volatile Cat business
Bermudian (re)insurer Allied World Assurance Company (AWAC) has clarified its position to Reinsurance Magazine following the announcement from IPC Holdings that AWAC had put IPC on notice to cancel the underwriting agency agreement between the two companies in November 2007
A spokesman for AWAC said “The cancellation is a purely a precautionary measure which will not affect the 2006 and 2007 years of account. We also want to make it clear that we have been very pleased
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