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  • Ironshore and QBE have shot up the rankings of excess and surplus lines (E&S) carriers in the US, with Berkshire Hathaway and Allianz falling sharply as they curb premium.
  • With governments once again in bail-out mode as the banking sector both sides of the Atlantic lurched into its latest crisis, the (re)insurance sector - despite its relatively bright outlook - is again struggling to decouple itself from the fortunes of it
  • There was more courtroom drama this month with a mammoth case management conference for the forthcoming film finance litigation.
  • The squeeze on discount margins is hitting run-off owners and is likely to depress M&A portfolio values...
  • The US Treasury and Federal Reserve has attempted to stave off a further deepening of the credit crunch with plans for a temporary increase in a longstanding credit line for beleaguered mortgage giants Fannie Mae and Freddie Mac.
  • The shipowners' protection and indemnity (P&I) clubs have reaped improved investment returns on recovering equity markets, with the members of the International Group (IG) for the policy year ending 20 February 2010 reversing heavy earlier losses in 2008/2009.
  • Excess capital, record low valuations and lack of growth opportunities stimulate increased deal flow
  • A service of thanksgiving will be held on Wednesday 30 May in the memory of the well-known and much missed reinsurance broker Peter Allen, who passed away recently.
  • Insurance Australia Group (IAG) will announce a major restructure on 9 July that is likely to see large chunks of its UK operations put up for sale.
  • In contrast to the familiar pattern of capital-strong Bermudians boosting figures in the soft market with reserve releases, White Mountains Insurance Group took a $51mn Q2 hit as a result of adverse development in its reinsurance business.