IPC Holdings Ltd. reported that one of its subsidiaries, IPCRe Underwriting Services Limited, had received notice of the intent of Allied World Assurance Company Ltd. to cancel the underwriting agency agreement between the two companies effective Nov. 30, 2007. Under the terms of the agreement, IPCUSL provides underwriting services on property catastrophe treaty reinsurance written by AWAC.
IPC Holdings Ltd., through its wholly owned subsidiary IPCRe Limited, provides property catastrophe reinsurance and, to a limited extent, aviation, property-per-risk excess and other short-tail reinsurance on a worldwide basis.
Topics Underwriting
Was this article valuable?
Here are more articles you may enjoy.
Kroger Plans to Slash 37% of Corporate Jobs in Next Three Years 
All in the Family: Husband, Wife and Daughter Indicted for Insurance Fraud and Bribery 
Hordes of Teens on E-Bikes Force Suburbs to Rewrite Road Rules 
NYC Restaurants Shut Off Air Conditioning, Close on Sundays as Costs Surge 
