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Breaking News


>In This Week's Issue November 17, 2008

Bermuda’s Bulls Set To Charge Ahead
As Poor Results Spark Price Hike Talk

Some see supply-demand imbalance pushing rates up; others cautious


The worst third-quarter of financial results since 2005 didn’t dampen the spirits of Bermuda insurance executives keenly focused on opportunities emerging in the wake of a worldwide financial crisis. At a time when bears were dominating Wall Street, some bulls emerged among the insurers born in Bermuda—especially in reinsurance camps, where executives speculated about a potential 2009 market turn during their earnings conference calls.


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AIG Renegotiates Federal Loan Terms To Buy More Time, Lower Interest Rates

November 17, 2008
BY DANIEL HAYS AND MARK E. RUQUET

News about AIG again dominated the headlines, as the carrier renegotiated its federal bailout loan, reported a third-quarter loss of $24.5 billion and denied that its property-casualty carriers are recklessly cutting prices to maintain market share, or that its life insurance subsidiaries are still splurging for lavish producer junkets.

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Securities Class-Actions Not Abating Despite Loss Of Top Plaintiff Litigator

November 17, 2008
BY SUSANNE SCLAFANE

Securities lawsuits are showing no signs of abating despite the imprisonment of one of the nation’s busiest class-action lawyers, while election results might bolster plaintiff cases next year, legal experts warned professional liability underwriters meeting at the recent PLUS conference.

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