June 2013/1

Fairfax Financial Holdings has beat rival bidders for American Safety Insurance (ASI) and agreed to buy the New York-listed insurer for $306mn, at a discount to book value of roughly 14 percent

Goldman Sachs-backed Enstar is set to make its first acquisition of a "live" insurance business as it enters final talks to acquire the Lloyd's insurer Atrium from its consortium of private equity owners

The future ownership of global specialty insurer Torus is likely to be decided by mid-June as majority owner First Reserve weighs up a range of bids from potential acquirers in the Goldman Sachs-run process

ProSight has received approval from Lloyd's to establish its own managing agency to be set up on 1 April 2014, The Insurance Insider can reveal

Incoming Endurance CEO John Charman will earn more than double the income of his predecessor despite his laudable agreement to take a mere $100 a year in base salary

Since his abrupt departure from Axis last year, the manner and timing of industry doyen John Charman's return has been a matter of intense speculation

Buffett retrenches...; Fac back; Giles grows; Flying low...; ...And flying high; Charman change; Cayman lures...

In the past weeks we have highlighted some bearish developments for the traditional global speciality (re)insurance market

With the ink barely dry on the last of the 1 June renewals it is not just US catastrophe reinsurance underwriters that are suffering in a softening market, but their primary brethren too

The Financial Conduct Authority (FCA) is examining the major following-form broker facilities devised by the big three brokers after an outcry from a range of senior underwriting figures