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(From Reinsurance)
Richard Brindle does not want any of the executives in his new company to get soft, travel first-class, stop making the coffee or lose any of the "Wild West" feeling he has experienced since setting up. He just set up Lancashire Insurance in Bermuda in December with $1bn in capital, raised from private investors following market dislocation caused by the catastrophic storms in 2005.
Despite years of being out of the business after a huge payout from the purchase of John Charman's company in Lloyd's, the top underwriter-in-retirement was lured out of his comfortable life by the opportunities in the market - and is now loving every ...