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  • AM Best goes negative on Ariel's ValiantPrivate equity duo secure acquisition of Sedgwick CMS; Pru approved for Hong Kong float and lines up for Singapore...
  • Lloyd's underwriting and claims supremo Tom Bolt has told managing agents they will soon be asked to justify their pricing methodology in detail to the Franchise Performance Directorate.
  • Lloyd's (re)insurer Hardy Underwriting Bermuda has hired two underwriters from QBE to spearhead its entry into the kidnap and ransom (K&R) market and facilitate its expansion in crop insurance.
  • Marsh & McLennan Companies (MMC) held its position at the head of the league table of the top 20 global brokers based on 2010 total revenue figures, despite modest erosion of its market share.
  • UK regulator the Financial Services Authority (FSA) has issued a "warning notice" that has stalled Pamplona Capital's plans to build a significant stake in Lloyd's insurer Chaucer, The Insurance Insider revealed last week.
  • Pessimism mounts with further deterioration on back years and rumours that Lloyd's big guns plan to exit market Some of Lloyd's largest capital providers are planning to leave the market after losing patience with the perceived underwriting indisciplin
  • The sluggish 2008 reinsurance market saw Guy Carpenter’s underlying revenues fall 10 percent at the third quarter from $226mn to $205mn, although the firm’s cost-cutting programme enabled the margin to remain unchanged.
  • International specialty (re)insurer Markel reported 7 percent year-on-year growth in net operating income to $63mn during the third quarter, as strong Lloyd's underwriting results compensated for mortgage-related losses in excess and surplus (E&S) lines.
  • BP has said it is unlikely to stop the flow of oil from the sunken Deepwater Horizon rig in the Gulf of Mexico until August, which could mean its clean-up costs triple to $3bn.
  • Members of the Association of Bermuda Insurers and Reinsurers (ABIR) swung back to profit in 2009, reporting collective net income of $12.4bn compared to a marginal loss of $125mn in 2008.