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Fairfax agrees $89mn run-off transaction with Markel

Canadian conglomerate Fairfax Financial's counterparty for its previously disclosed but anonymised $89mn legacy transaction was Markel, The Insurance Insider understands.

Dan Ascher, 18 May 2015
QBE in Ridgwell Fox sale

QBE is in discussions to sell its Ridgwell Fox book of run-off business, The Insurance Insider understands.

Dan Ascher, 18 May 2015
Tawa auctions CX Re

Run-off carrier Tawa is in the second phase of auctioning off one of its five legacy books, The Insurance Insider understands.

Dan Ascher, 18 May 2015
Pool Re outlines risk-reflective prices

UK state-backed terrorism mutual Pool Re has released further details on how it plans to make risk-reflective pricing adjustments, including discounts for small and medium-sized enterprises.

Jenny Messenger, 18 May 2015
No rationale for localising reinsurance: MAS exec

The managing director of the Monetary Authority of Singapore (MAS), Ravi Menon, has said that there is no supervisory reason for localising reinsurance provision, despite a growing tendency towards regulatory fragmentation.

Jenny Messenger, 18 May 2015
Besso loses battle with rival over former director

Independent broking house Besso has lost its bid to hold London market rival Bennett Gould & Partners (BGP) liable for a £720,000 break fee following the defection of its former managing director.

Dan Ascher, 18 May 2015
Ross denies hijacking Towergate bid

Former AJ Gallagher International CEO David Ross has denied allegations that he diverted the sale of Towergate away from AJ Gallagher to Highbridge, according to a defence document lodged with the UK High Court.

Jenny Messenger, 18 May 2015
Top line falls for short-tail carriers

Gross written premiums (GWP) for The Insurance Insider's composite of short-tail specialists fell by 2.0 percent to $2.26bn in the first quarter - contrasting with 4.1 percent growth in Q1 2014 - as softening pressured carriers' top lines

Himal Patel, 18 May 2015
Growth almost grinds to a halt in Bermuda

Growth in the first quarter was negligible for The Insurance Insider's Bermudian composite as increased insurance writing was almost entirely offset by top-line pressure in reinsurance books

Adam McNestrie, 18 May 2015
Dollar strength boosts non-life reinsurance growth at global reinsurers

Global reinsurers booked robust premium growth at their P&C reinsurance segments during the first quarter as favourable currency movements offset the impact of rate softening.

Himal Patel, 18 May 2015

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