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Article: World Updates; Euclidian shuts syndicate after funding delay.(International)(Euclidian Underwriting Ltd.)
- Article from:
- Business Insurance
- Article date:
- November 22, 2004
CopyrightCOPYRIGHT 2004 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Euclidian Underwriting Ltd. is running off multiline Lloyd's of London syndicate 1243. The syndicate had 2004 capacity of [pounds sterling]251.7 million ($449.0 million). Euclidian is owned by Capital Insurance Holdings P.L.C., which formed earlier this year and hoped to consolidate other small Lloyd's companies into a single publicly traded entity. CIH planned to raise [pounds sterling]125 million ($232.5 million) from institutional investors to help capitalize Euclidian's syndicate. The previous capital provider, Berkshire Hathaway Inc., had pledged to take a 25% stake when CIH listed. Those plans were postponed due to lack of support from U.K. investors (BI, Aug. 2; ...
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Article: JAPAN'S TOKIO MARINE & ASAHI MUTUAL LIFE SPEED UP ...
AsiaPulse News;
November 14, 2001 ;
700+ words
... ... Pulse - Millea insurance group firms Tokio Marine & Fire Insurance Co. (TSE ... marketing division of Asahi Life to Tokio Marine Life Insurance Co., a life insurance subsidiary of Tokio Marine, in March 2002, and merging Asahi ...
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