November 2012/3

With Flagstone Re's acquisition by Bermudian peer Validus moving closer, the future of the former's $160mn capacity provision deal with Chaucer Syndicate 1084 remains unclear.

QBE's share price fell 15 percent last week as rating agencies and investors responded negatively to the firm's 12 November profits warning.

The $500mn first layer of the comprehensive reinsurance programme covering the liabilities of the International Group (IG) of protection and indemnity (P&I) clubs is set to become a total loss after a recent $130mn deterioration pushed to the total reserve to $652mn, according to loss documentation seen by The Insurance Insider.

Grahame Millwater is returning to the market as president and CEO of Beach Capital Holdings Ltd (BCHL), the new parent company of ambitious independent reinsurance broker Beach & Associates, The Insurance Insider revealed last week.

AIG bailout suit dismissed; Marketform sues defector;BP pays $4.5bn; Charles Taylor down 8%; Generali still on credit watch; Sandy Losses; Amlin positive on cat rates; Axis CUO to join Endurance; Liberty recruits; Marsh targets global surety; Hiscox appoints D&O Warrior

The London contingency market is set to take a $20mn hit as a result of the cancellation of the New York Marathon, sister title Inside FAC revealed last week.

All regulated industries have a fault line running right through them - that of the blurred partition between the state and the sector which it is supervising.

Despite having lost its Category 1 hurricane status by the time it struck land, Sandy has the very real potential to become the third-largest loss in the Lloyd's market's 325-year history.