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Gallagher Re and the New York Mercantile Exchange today announced they have reached an agreement allowing NYMEX to list future contracts for real-time electronic trading of property damage risk exposu

As a lead investor, the U.K.-based Brit Insurance subscribed $21.1 million, giving it an overall interest of 19.6 percent of the initial $107.7 million capital. The remainder is owned by international

As a lead investor, the U.K.-based Brit Insurance subscribed $21.1 million, giving it an overall interest of 19.6 percent of the initial $107.7 million capital. The remainder is owned by international

Trevor G. Carvey has been appointed managing director of Harbor Point Re UK. Mr. Carvey, who has a track record as a global marine and energy underwriter, will be responsible for identifying a broad r

"The ratings within the sector support this buoyant view, with 79 percent of insurance ratings assigned a stable outlook or developing CreditWatch listing, 16 percent a positive outlook or CreditWatch

"Companies will now be responsible for all their policies, forcing responsible management of losses and a greater incentive to fight fraud in the marketplace, which means lower rates for drivers," she