April 2013/3

ABRY Partners, a US private equity firm focused on media and communications businesses, is one of the previously unnamed bidders in the Atrium sales process, The Insurance Insider can reveal.

Sagicor said it is very close to a sale of its Lloyd's platform as the business continued to be a millstone around the neck of the Caribbean insurance group.

Liberty takes Long view; Axa life sale; Hurricanes active; Swiss Re special dividend; Ace plays Napier card; Chinese takeaway; P&C rates still on rise; Thai up

The Florida Department of Financial Services is seeking more than $20mn from Allianz and its Bermudian subsidiary Allianz Risk Transfer (ART) after alleging that the insurance group conspired to "loot" failed Floridian insurer Magnolia Insurance.

Canny retro buying enabled Tokio Millennium Re to reduce its net Sandy loss to a mere $0.5mn - equivalent to one-hundredth of the firm's $52.4mn US crop loss - the company's 2012 annual report shows.

The reputation of management consultants is not one of unalloyed success in the (re)insurance markets.

The Corporation of Lloyd's is thought to be putting pressure on Aon to come to a compromise over the contentious subscription market quota share through which Berkshire Hathaway is set to index Lime Street underwriting.