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  • Gerard Bloom, XL Catlin's chief underwriting officer (CUO) for financial institutions (FI), has resigned to take up a new role at Beazley, The Insurance Insider understands
  • A joint venture between two contractors has accused Aon of negligence in its placement of a wrap-up insurance policy for a 20,000-seat stadium just outside Las Vegas.
  • The first week of July saw European (re)insurers record share price decreases that dragged The Insider 30 composite down 0.8 percent into the red.
  • More than a dozen insurers are facing a $300mn claim from a Canadian bank that was implicated in a massive Ponzi scheme.
  • Total return reinsurers' struggle to achieve profit on both underwriting and investment continued from 2015 into the first quarter of 2016, with only one carrier generating profits on both sides of the balance sheet.
  • Lane Financial has said that ILS rates rose 1.6 percent during the second quarter, but maintained that pricing movements after the hurricane season will give a better reflection of the overall direction of the market.
  • Validus leapfrogged Nephila to become the largest reinsurance provider for Florida Citizens Property Insurance in 2016, as the state-backed carrier restructured its traditional programme.
  • Regulatory demands and the influence of Brexit dominated the sector conference for managing general agents (MGAs) last week, as delegates debated the market's future direction.
  • Berkley Re UK has hired casualty treaty reinsurance underwriter Ivonne Staisch from Aspen, The Insurance Insider understands.
  • Tom Nichols, CFO of Enstar's US operations, has left the company, The Insurance Insider understands.