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  • Brazilian national reinsurance giant IRB-Brasil Resseguros (IRB) has been exploring the sale of its London-based carrier now in run-off, The Insurance Insider understands.
  • Major Chinese conglomerate Fosun has entered the legacy space after a period of prolonged flirtation by backing Armour's pending acquisition of The Hartford's £452mn ($595mn) London market book, The Insurance Insider can reveal.
  • The management of Ark has made the final payment in its audacious staggered purchase of the Lloyd's insurer.
  • Recently acquired Tokio Marine HCC has recruited a trio of marine executives from XL Catlin's hull division, The Insurance Insider can reveal.
  • Reality check. The UK is out of the European Union and barring a miracle or a massive political U-turn it will not retain passporting rights to do cross-border business in the European Economic Area.
  • Peter Scales and his former Cathedral colleagues are on course for a 1 January start-up at Lloyd's, defying the current market belief that a Lloyd's business cannot be put together inside of a year.
  • The UK's momentous decision to leave the European Union has eclipsed everything else in the news agenda in the days since the verdict was delivered, and ushered in a period of fevered political interest.
  • Axis Capital and Blackstone-backed total return reinsurer Harrington Re has launched after completing a $600mn capital raise and securing an A- financial strength rating from AM Best.
  • Ben Amphlett has joined Tokio Marine Kiln (TMK) as deputy aviation underwriter to develop a new aviation contingency product for the carrier.
  • XL Catlin has appointed Oliver Miloschewsky as regional product leader for Asia Pacific hull and yacht business, the carrier announced today (5 July)