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Reinsurance

AM Best affirms ratings of Russian Re

AM Best Europe has affirmed the financial strength rating of B+ (Good) and issuer credit rating of “bbb-” of Russian Reinsurance Company JSC. The outlook for both ratings is stable.

AM Best affirms ratings of Russian Re

AM Best Europe has affirmed the financial strength rating of B+ (Good) and issuer credit rating of “bbb-” of Russian Reinsurance Company JSC. The outlook for both ratings is stable.

Paladin exits recycling business

Paladin Underwriting Agency has announced it is not seeking to renew its current waste and recycling risks account for 2011, and has taken the decision to exit the sector as rates fall to levels which are considered unsustainable.

P&I faces challenging market in 2011, Willis warns

While investment income in the Protection and Indemnity (P&I) insurance market bounced back to $680m in 2009/10 from a $840m loss in 2008/09, record claims levels, and a continuing gap in the performance of individual P&I Clubs could present challenges…

P&I faces challenging market in 2011, Willis warns

While investment income in the Protection and Indemnity (P&I) insurance market bounced back to $680m in 2009/10 from a $840m loss in 2008/09, record claims levels, and a continuing gap in the performance of individual P&I Clubs could present challenges…

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