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July 2009/2

  • The London contingency market is facing a lingering exposure to event cancellation due to the swine flu pandemic.
  • Lloyd's is keen to encourage more so-called turnkey operators to enter the market following RenaissanceRe's acquisition of the specialist provider Spectrum Syndicate Management last month.
  • Insider Vital Insurance Statistics (IVIS) is our new regular monthly feature tracking the trends impacting the quoted (re)insurance sector. This month: Bermudians and Europeans fight back in strong Q2; (re)insurer valuations stay low...
  • July's airline insurance renewal figures have so far painted a picture of double-digit price increases, adding to the momentum behind hardening in the sector.
  • PartnerRe's takeover of Paris Re will see it first exchange 0.30 of its common shares for each of its target's outstanding shares in a stock swap.
  • Lloyd's is undertaking a major strategic review that will define its 2010 business planning, and which will be in place when the former Berkshire Hathaway executive Tom Bolt formally takes over as head of underwriting next year.
  • MacDonald in next as Newhouse relocation and Keeling hire bolster non-US operations.
  • With PartnerRe's move for its smaller up-for-sale rival Paris Re set to create the world’s fifth-largest reinsurer, attention has once again focused on consolidation in the sector.
  • On 2 July, the counsel for Berkshire Hathaway’s run-off vehicle Equitas, Alistair Schaff QC, told a packed UK courtroom at the end of the pivotal LMX spiral-related trial...
  • Risk and Insurance Services global headcount set to fall below 25,000 amid tough US conditions; specialist units to be scaled back.