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  • Capital Insurance Holdings, the Berkshire Hathaway backed Lloyd’s consolidation vehicle, is on schedule to float on the Alternative Investment Market next month after raising its target funding.
  • A trio of Bermudian (re)insurers - RenaissanceRe, Montpelier Re and Endurance Specialty Holdings - booked higher Q2 net income, bolstered by reserve releases and improving investment conditions.
  • Lloyd's published an update to its rolling three-year strategic plan last week, highlighting achievements since its launch at the start of 2006, but warning of soft market challenges, and work required to improve efficiencies in the market's operating env
  • Legislation to reform the Lloyd’s Act 1982 officially came into force today (19 November) in a move that the UK government said will modernise the operation of the world’s oldest insurance market.
  • Alterra has doubled the capacity of the latest incarnation of its New Point sidecar with a $100mn kick-start from private equity firm Stone Point Capital in order to exploit the improving retro market.
  • The energy insurance market is "in limbo" as record levels of capacity counterbalance the spate of losses hitting the sector, according to broker Willis Group.
  • The overall colour coding for Lloyd's insurers has deteriorated following the completion of another key date in the Corporation's Solvency II implementation programme, The Insurance Insider understands.
  • The cat bond market has continued its rebound after the closure of Swiss Re's $75mn extreme mortality bond, Vita Capital IV, took total issuance this year to $2.2bn, while Scor launched Atlas VI.
  • Further tangible evidence has emerged of a return to favour for proportional reinsurance that has seen a surge in demand as, in the absence of other forms of capital, buyers turn to the tried and tested product to support stretched balance sheets.
  • Lloyd's has received its third rating confirmation in a month.