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Reinsurance

The hardest market in 27 years

A year ago, Mark Geoghegan found Chris Clark (CC) lamenting the softness of a marine market that was only just recovering from Hurricane Ivan - at that time its biggest-ever loss. One year and two big storms later, the world has been turned upside-down..

Lancashire gains $350m letter of credit

Bermudian start-up (re)insurer Lancashire Holdings has announced that it and its wholly owned subsidiary Lancashire Insurance Company Limited have entered into a $350m three-year letter of credit facility.

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